I have been in many conversations and listened to numerous market observers, economists, and strategists over the past 18-months regarding the U.S. economy. Since the end of the Pandemic and the start of the Fed’s hiking cycle, there has been much speculation about No...
Bonds are supposed to be an asset class that counteracts the volatility of stocks, especially on the downside. Well, that did not happen in 2022 which led to the pronouncement of the death of the quintessential 60/40 portfolio. This is pre-mature. The significant...
Free Toasters to Free 1% Match Four decades ago, savings and loans and banks lured customers to deposit their money by giving toasters away. Today, we are hearing a free 1% "match" for encouraging people to save for retirement in setting up new IRA accounts. I suggest...
Key Points Eighteen of 21 trading days in October saw 401(k) investors favor fixed income (like stable value, money market and bond funds) versus stock funds, according to Allight Solutions. Investors appear to have been spooked by stock volatility. Selling out of...
Key Points Fidelity Investments, Vanguard Group and Alight Solutions - three of the largest administrators of 401(k) plans - are teaming up to reconnect workers with savings left behind at old employers. Current rules allow employers to move accounts of less than...
Philip Chao was interviewed by CNBC. Here is the complete article.
Click here for the full article.
Click here for the full article.
Here is the complete article.
Here is the complete article.
Here is the complete article.
Click here for the full article.
We are joyfully anticipating and participating in the post-pandemic robust economic recovery and at the same time sensing the beginning of a gradually less supportive environment for stocks and bonds as the market participants test the resolve of the Fed on its...
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Philip Chao shares his thought about the recordkeeping industry and, more specifically, using Empower’s recent announcement of buying Mass Mutual retirement business. Read the P&I article here.
Moving from “ex ante” to “ex post” In the annual end of summer economic policy symposium sponsored by the Federal Reserve Bank of Kansas City (virtual for 2020), the theme this year was “Navigating the Decade Ahead: Implications for Monetary Policy.” Chair Powell of...
The Un(settling)-Normal Here is the complete article.
This global pandemic is not a Black Swan event - an unpredictable event that is beyond what is normally expected of a situation and has potentially significant rewards or consequences. COVID-19, like SARS, MERS, Ebola and other viruses before, is quite a predictable...
Here is our commentary regarding the latest class action complaint filed against Shell Oil.
The recent roller coaster ride with the Tesla stock reminds us all about the need for diversification. Depending on when you invested in the stock, the week of excitement and elation (greed) turned quickly into disappointment and disbelief (fear). Read the CNBC...