Echelon Family Office
We’re approaching not just the end of the year but the end of the decade. According to Bespoke Investments, these are the ten stocks that have been listed in the S&P 1500 for the entire decade that have returned the most (through December 17): Patrick Industries, up 4,622 percent Netflix, up 3,909 percent Domino’s Pizza, […]
Did you get a raise in 2019? An estimated half of U.S. workers say they didn’t get a raise in the past year, a new Bankrate survey shows. But even that’s an improvement over the previous year’s figure of 62 percent. Some 49 percent of workers reported having received a pay increase in some form, […]
Earlier this week, the House passed a $1.4 trillion spending bill that includes the bipartisan SECURE Act, which aims to increase the ranks of retirement savers and the amount they put away. The measure now will head to the Senate, where approval is expected this week before lawmakers head home for the holiday recess. If […]
While 2019 isn’t quite over yet, is it possible the first 11 months of this year bode well for next year? The markets soared heading into the final month of the year, with the S&P 500 gaining over 25 percent through the end of November. History shows that as a promising sign for next year. […]
What’s happening to car loans in America? A Federal Reserve Bank of New York survey of consumer credit out this week showed a spike in the rate of auto-loan rejections, to 8.1 percent in October from 4.5 percent last October. For the full year, the average rate of car-loan rejections was 7.1 percent, up from […]
It will come as no surprise that health concerns weigh on Americans across the wealth spectrum, millionaires included. Fidelity Investments’ most recent Millionaire Outlook Study, which analyzed the investing attitudes and behaviors of some 2,000 households, found that concerns about health were the main source of stress for both millionaires and their less-wealthy counterparts. More […]
Here’s an odd retirement trend: Millions of workers who contribute to a 401(k) plan do so in order to have money when they retire. But when they do retire, in increasing numbers, they are’t touching those accounts – at least not right away. More than half of workers — 55 percent — are choosing to […]
Some strong news for the economy out today: The government reported this morning that the economy added 266,000 jobs in November. The unemployment rate ticked back down to 3.5 percent, matching a low from earlier this year that at the time was the lowest since 1969. The U.S. economy has now added an average of […]
Two months into the fourth quarter, analysts have shaved 4 percent off their earnings estimates to $41.12 a share. That’s a drop of almost 1 percent compared with a year ago, following a 1.3 percent decline last quarter. It’s common for earnings expectations to drop as a period progresses, but the current pace has been […]
Tough news for the economy: Manufacturing activity continued to lag in November with a decline in inventories and new orders, according to the latest ISM Manufacturing reading. The November reading came in at 48.1, down slightly from the previous month’s reading of 48.3. The number denotes the percentage of manufacturers planning to expand operations. A […]