Capital Ideas
Why Your College Refund Check May Be Taxable
Michael Bork, CFP® | Associate Advisor Amidst the widespread impacts of COVID-19, the mass closure of colleges, universities and private secondary schools may create some unexpected tax consequences for students and their parents after receiving partial refunds for...
First Quarter 2020 Letter to Clients
How fast the world can change. On February 12, the Dow Jones Industrial Average closed at an all-time high of 29,551. At that time, the economy was humming, corporate earnings were rising and unemployment was at lows last seen during the mid-1950s. While global health...
CARES Act and Opportunities for Businesses and Individuals
CARES Act and Opportunities for Clients President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (“CARES”). CARES is a stimulus bill to provide emergency assistance for individuals, families and businesses affected by the Coronavirus pandemic. The...
Impact of the CARES Act on Retirement Plan Sponsors and Participants
In response to COVID-19, Congress passed and the President has signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). In addition to direct financial relief for individuals and businesses, the CARES Act provides significant provisions to help...
Covid-19 Update
The uncertainty surrounding the spread of the coronavirus known as COVID-19 is unsettling, both on a human level and an investment level. The uncertainty of the impact of COVID-19 on the global economy led to extreme levels of stock-market volatility this past week,...
Fourth Quarter 2019 Letter to Clients
It was in this letter exactly a year ago that we sought to provide some perspective about the steep decline stocks had just experienced in fourth quarter 2018. Over the course of just a few trading sessions in December, the Dow Jones Industrial Average declined 12%,...
Third Quarter 2019 Letter to Clients
It has been said that golf is an easy game, it’s just hard to play. Much the same could be said of investing. The principles of long-term investment success aren’t particularly complicated. Construct a well-diversified portfolio appropriate for your risk and return...
Sustainable and Socially Aware Investing
Terry Hartigan, CFP® | Principal Sustainable and Socially Aware Investing: Pursuing a Successful Investment Experience Investors have increasing awareness that pursuing their financial goals does not have to come at the expense of their values. Central to Capital...
Second Quarter 2019 Letter to Clients
Each point in the ups and downs of the market has its own emotional challenges for long-term investors. The inevitable downturns like we saw in 2018 require that we muster our intestinal fortitude and avoid the temptation to flee to cash. In times of extended market...
First Quarter 2019 Letter to Clients
After a turbulent end to 2018 sent stock indices around the globe into bear market territory, equities staged a big recovery in the first quarter of 2019. For the quarter, the S&P 500 index gained 13.65% and was within a few percentage points of its record high....
Fourth Quarter 2018 Letter to Clients
Stocks around the globe experienced a significant decline during Fourth Quarter 2018, a trend that began in October and accelerated rapidly in December. The downturn was widely attributed to the prospect of continued higher interest rates, ongoing tensions in the...
What’s Your Business Really Worth? Part 2
Dennis Covington | Managing Principal Key Takeaways: There are at least 7 different ways to value a private business: Here we will explore Liquidation Value, Market Value, Fair Market Value and Owner’s Value. Market value is a technique for showing how your business...