A mutual fund pools money from a group of investors and invests it in securities such as stocks, bonds, and short-term debt. The combined holdings of the mutual fund are known as its portfolio. Investors buy shares in mutual funds, which are managed by professional money managers. These professionals allocate each fund’s assets and attempt Read more
Bowen Reports
BAM meets PPP: Our Encounter with the Paycheck Protection Program
When we have “Black Swan” events, such as a worldwide coronavirus pandemic that throws the world’s financial markets into a tailspin, the investment advisory business becomes more challenging. But meeting those challenges by managing clients’ investments and expectations can be wonderfully satisfying. Part of the challenge is knowing where and when to find resources to Read more
In the Fed’s Tool Kit: What is Yield Curve Control?
As the Federal Reserve considers the monetary policy methods it will use to bolster an economic recovery from the ongoing COVID-19 pandemic, Fed chair Jerome Powell told the U.S. Senate Banking Committee on June 16, 2020, that “we are committed to using our full range of tools to support the economy in this challenging time.” Read more
These Taxing Times Are a Good Time to Select a Tax Pro
Though tax filing is generally done at the end of the fiscal year, extended filing deadlines in this year of the COVID-19 virus have given a breather to those filing tax returns, and perhaps more time to hire and/or change accountants. It is always good to examine gains and off-setting losses in your portfolio and Read more
An Ill Wind Blows Through First Quarter: Could Virus Slam Banks?
It should come as no surprise that the U.S. economy, largely locked down by the global coronavirus pandemic, turned in its worst performance in more than a decade in the first quarter of 2020. Worse, that dismal showing likely offers just an inkling of the damage yet to come as this plagued year continues. Gross Read more
Side Effects: How the CARES Act Changes Access to Retirement Funds
The CARES Act, a $2 trillion economic stimulus package signed into law on March 27, provides unique access to retirement savings that typically would be subject to early withdrawal penalties. This access applies to qualified individuals affected by the COVID-19 virus either directly (through contracting the illness or having an ill spouse or dependent) or Read more