Inflation picking up

INFLATION AT 2.9%, CORE INFLATION AT 2.4%  Friday, the Department of Labor reported these annualized gains through July of this year for the Consumer Price Index. Both the headline and core CPIs rose 0.2% ... continue reading

Weekly Economic Update

ECONOMY ADDS 157,000 NET NEW JOBS Employers expanded their payrolls in July, but new Department of Labor data showed the hiring pace slowing down. May and June gains, however, were revised up by a ... continue reading

Politics, Personality, Policy, and Your Portfolio!

I enjoy news, current events, politics, and of course, financial planning and investing.  In 2018, it seems all of these “worlds collide” on a daily basis.  President Trump is often loved or hated.  At ... continue reading

Huh. I Had No Idea PCA Could Do That!

Occasionally, someone will make a comment that reminds us how much better we could be at explaining our resources, capability, and generally “tooting our own horn!”  Well none of us know what we don’t ... continue reading

Market back on track in Dog Days of Summer

First estimate of Q2 GDP: 4.1% Not since the third quarter of 2014 has the economy grown at such a pace. In its report released Friday, the Bureau of Economic Analysis noted 4.0% growth ... continue reading

Strong Week for Stocks as Strong Dollar Hurts Precious Metals

Another Good Month for Retail Sales Americans are spending freely, as new Census Bureau data confirms. Retail sales advanced 0.5% last month, matching the consensus forecast of economists surveyed by Reuters, in the wake ... continue reading

Do You Understand Interest Rate Risk?

Are dividends good?  Is interest good?  The truth is that it depends.  Dividends and interest are subject to income tax and associated with investment risk, market risk, default risk and interest rate risk.  From ... continue reading

Weekly Economic Update: July 2, 2018

Income and Spending Rise, Along with Core Inflation According to the latest monthly Department of Commerce snapshot, personal incomes improved 0.4% in May. Personal spending, however, advanced just 0.2% (half the gain forecast by ... continue reading

The Meaning of Life & Money

The first part of that title has been pondered by humans since dirt existed, but what is the meaning of Life & Money?  The life I’m writing about is our mortal life on earth, ... continue reading

Will the first half of the year end in the black or red?

TARIFF TALK INTENSIFIES Major economic powers proposed additional import taxes last week, as investors wondered if a global trade war was now underway. Monday evening, President Trump stated that he had instructed U.S. Trade ... continue reading

Blue chips falter as Nasdaq soars

FED, NEW TARIFFS GET WALL STREET’S ATTENTION As expected, the Federal Reserve adjusted the target range on the federal funds rate to 1.75%-2.00% on Wednesday. The central bank’s latest dot-plot projection, however, raised some ... continue reading

The Duke weighs in on the market week

100 MONTHS OF GROWTH FOR SERVICE BUSINESSES The Institute for Supply Management announced this milestone as it revealed a 58.6 May reading for its non-manufacturing purchasing manager index. That excellent reading was well north ... continue reading

When Not Knowing is Expensive

Many of you have heard the saying “You don’t know what you don’t know,” especially if you’ve read my newsletters for a while or attended my informational workshops. This doesn’t mean you need to ... continue reading

The PCA Difference

This article will probably surprise you if you have 3 minutes to read!  The financial industry has many diverse business models, and professionals often focus on very different clients and objectives.  However, many consumers ... continue reading

Topsy Turvy market last week ends on winning note

HIRING, HOUSEHOLD SPENDING STRENGTHEN Net job growth surprised to the upside in May: companies added 223,000 more workers than they laid off or fired. At 3.8%, the unemployment rate is now where the Federal ... continue reading

Diversification from S&P 500 & DOW is winning

HOME SALES DECLINE Both new and existing home sales weakened in April, according to reports from the Census Bureau and National Association of Realtors. Resales were down 2.5%; new home buying, 1.5%. NAR chief ... continue reading

Stocks off to fast start this week

RETAIL SALES RISE ANOTHER 0.3% April’s advance remained at that level. even with car and truck sales removed. It paled compared to the 0.8% March gain reported by the Department of Commerce, but it ... continue reading

Big week in the stock market and world politics

OIL HITS A 4-YEAR PEAK The price of WTI crude settled at $71.36 on Thursday, hours after Bank of America Merrill Lynch analysts forecast $90 oil by spring 2019 and a “risk of $100 ... continue reading

Market Rally Friday salvages the week

The stock market indexes were up strongly on Friday as the week overall was about flat. The Nasdaq was up 1.26% for the week while the S&P 500 and the DOW were off a ... continue reading

Mainstream Finance catching up with PCA

My clients and newsletter subscribers know that it is rare for me to include articles or outside authors in my newsletter.  There are many great authors and sources of financial information available and this ... continue reading

Can you beat the Market?

This is a question which has been asked and debated for decades.  I have a question for the person asking the question; What market are you referring to? Most people default to the stock ... continue reading

Stocks mostly flat as 10-year Treasury hit 3%

It had been more than four years since the 10-year Treasury yield was 3%. This past week the yield went above 3% before settling back at 2.96%. Higher interest rates mean higher borrowing costs ... continue reading

Interest rates edge up

This last full trading week in April will determine if it is a positive month. So far, so good. The 10-year treasury yield is tickling 3% for the first time in years. This has ... continue reading

Volatility to the upside

CONSUMER SENTIMENT INDEX DESCENDS SLIGHTLY In its initial April edition, the University of Michigan’s survey of household sentiment saw its index decline to 97.8 from its final March reading of 101.4. The survey’s chief ... continue reading

Stocks on a roller coaster in April

What a week!  Monday was a huge down day, followed by three strong up days and then Friday was like Monday.  Nobody likes their account values to decline, but I’m not alarmed. The President’s ... continue reading

The High Cost of Mutual Funds?

“Most People, Brokers and Mutual Funds Do Worse Than Average.” You may have heard this or similar message.  It is difficult to “beat the market.” The averages are just that – theoretical, numerical averages ... continue reading

The Real Death Tax

The IRS tax code is favorable to married couples and unfavorable to single people in a relative sense.  The IRS doesn’t distinguish between happily or unhappily married couples.  Married is married and better tax ... continue reading

Good Results and Volatility Continue

The economy is getting stronger, and thankfully last week’s volatility was to the upside!  The first ten weeks of the year have hopefully reminded you of what a “normal” stock market is like. Market ... continue reading

Will Guaranteed Interest Make a Comeback?

In recent months, I’ve assisted clients seeking guarantees and a reasonable interest rate. We have seen shorter term interest rates move higher over the past year. In certain client situations, guaranteed interest fits the ... continue reading

Silver Linings

We all know people who are great to be around, and people who are quick to tell us all that is wrong in the world. The reality of life, business and investing is that ... continue reading

What a topsy-turvy week

Last Monday the DOW was up nearly 400 points and then the market nose-dived until stabilizing Friday, with the S&P 500 and Nasdaq both up strongly.  For the week the three major indexes were ... continue reading

Great week follows monster week for stocks

With recent volatility, it would have been reasonable to think there might be a pullback last week.  Thankfully this was not the case and the market may be poised to hit new highs after ... continue reading

Stock market snaps back

The stock market shot up during first three weeks of the year and then dropped during the next three weeks.  Last week was a huge up week for stocks! So now what?  If you ... continue reading

Shake up and shake out in the stock market

We have now experienced a 10% drop from the highs a couple weeks ago.  This comes after the 8% surge upward to begin the year.  I prefer when the market moves abruptly up versus ... continue reading

The Financial Decision-Making Lifespan

Most of you reading this article can point to times in your past when you were less mature and more erratic in your decision-making.  If you have successfully forgotten your most regrettable decisions in ... continue reading

What is a Bond Bubble?

You may have heard of the bubble that burst in 2000 or the Real Estate bubble that burst in 2008.  The media seems to like using “Bubble” in the financial industry as much ... continue reading

Stock selloff continues

If you began investing about two years ago and never previously followed the stock market, you have only seen wildly successful returns and very little volatility.  Last week’s pullback is very routine in the ... continue reading

Stocks soar while 10-yr Treasury yields quietly soar even higher!

If you’re bored of reading about the stock market hot streak, then I’ll provide you with financial information this week which may surprise you.  The 10-yr U.S. Treasury yield, currently 2.72%, has increased 32% ... continue reading

Government shutdown. Stock market open!

Three weeks in to 2018, the stock market is up approximately 5% which would be an annualized return of 86%.  Yes, this is a great start and yes, this cannot continue indefinitely. Over the ... continue reading

Positive economic news everywhere!

The economy has been picking up steam and the stock market is leading the way with big gains this past week!  The tax reform legislation passed late last year has led to many companies ... continue reading

Risk versus Reward

For our clients, this article is more of a review. Many retail investors accept, without critical thinking, that higher risk equals higher rate of return and lower risk equals lower rate of return.  I ... continue reading

Your Lifestyle Paycheck

You are likely in one of two groups; retired or still working.  If you are still working, hopefully you feel reasonably confident in the stability of your paycheck.  A stable paycheck allows you to ... continue reading

2018 is off to a hot start!

Equity markets did not take a breather after 2017 as last week was very strong.  Stock market valuations are very high in a historical context which technically signals a correction coming but spreadsheets do ... continue reading

Welcome 2018!

Well a 20% year for the 2017 stock market is in the books and we have a clean slate for the New Year. There isn’t much planned this week as the markets were closed ... continue reading

Massive Tax cuts become a reality for 2018

We have seen phenomenal stock market performance despite horrific corporate tax structure and onerous regulations. One might think deregulation and now the passing of the largest corporate tax cut in history would guarantee an ... continue reading

Your Rate of Return is as Good as You choose!

Financial professionals understand the difference between “Absolute” returns and “Relative” returns. In the professional world of investing, absolute returns mean very little. With most of the investing public, absolute returns mean everything! This creates ... continue reading

Should You Take Winnings off the Table and Rebalance?

You know the stock market cannot continue upward indefinitely. You also know it is impossible to predict when the next downturn will occur. Do you let it ride, cash out or somewhere in between? ... continue reading

What to do when the record is broken?

The stock market performance has been similar to a broken record of late so……… It appears sweeping tax reform is likely to pass this week, so I will share several thoughts.  I will be ... continue reading

Holiday cheer can lead to April tears

December is when mutual funds must declare capital gain distributions for 2017. These gains are typically a combination of short term and long term capital gains. A mutual fund buys and sells stocks and ... continue reading

Eight straight winning months

November was the eighth straight positive month for the stock market, while the worst single month for 2017 was only less than one-half of one percent to the downside.  There have been stronger years ... continue reading

What are you invested in?

I’ve been asked by a couple clients recently; “What are you invested in?” After all, we would expect a chef is willing to eat their own cooking! This is a reasonable question to ask ... continue reading

My Take on Conflicts of Interest, Facts, Bias, and Emotion.

In 27 years I’ve experienced many different market cycles. I’ve seen companies and investments achieve phenomenal success, colossal failure and everywhere in between. My industry will tell you a key benefit of working with ... continue reading

A bountiful Thanksgiving week for the stock market!

In a short trading week, the major indexes were up very strongly.  Unless there is a significant pullback in the next month, 2017 will be easily the strongest year for the stock market since ... continue reading

Mixed week on Wall Street as holidays approach

2017 has been a stock market year to be thankful for!  Last week was a solid one for the Nasdaq while the DOW and S&P 500 were off a bit.  This will be a ... continue reading

Stock market slows down for a week

The major indexes all gave some ground last week, while commodities had a strong week.  Tax policy seemed to be off the front page last week, but hopefully we will see progress in the ... continue reading

Economic Indicators and the Market Continue to Shine

This bull market is nearly nine years old and picking up steam.   However, “Reversion to the mean” may mean that stock market returns over the next decade will be very modest (4-6%).  Mean ... continue reading

Looking Back and Looking Forward

I’ve been asked regularly what I believe the stock market will do now that it is at an all-time high. At a recent workshop, I was asked; “What are you doing to prepare for ... continue reading

How Inherited Assets Differ From Gifts

When someone gives you cash or other valuable assets, do you owe income tax? No. The same is true if you receive an inheritance. The giver may owe gift tax, and the decedent’s estate ... continue reading

Stronger data supports another great week for the stock market

Surprisingly, GDP grew at 3% for the second straight quarter and home sales are way up over this time last year.  Corporate earnings continue to be strong.  It is easy to focus on the ... continue reading

DOW 23,000. We hardly knew ya!

The Dow Jones index blew past 23,000 as the stock market stacked up another great week.  If you were completely unaware of the past performance of the stock market, then you’d likely view the ... continue reading

More good news in the financial world

Last week was another good week for the major stock market indexes and now we hear that Social Security is increasing retirement benefits by 2%, the largest increase in five years!  For many of ... continue reading

Columbus Day follows another strong market week

It is what it is.  The three major stock market indexes were all up more than 1% for the week.  There are many economic measurements, but in your household, the dollar value of your ... continue reading

October can be scary and not just because of Halloween

It was another great week and month as the stock market rolls in to the fourth quarter!  However, October has secured a place in history as the fourth worst month for the Dow Jones ... continue reading

Buffett Quotes & Poterack Quotes

Renowned investor and businessman Warren Buffett has many notable quotes.  It occurred to me that many of our newsletter subscribers may not be familiar with the charm and wisdom of some of these quotes.  ... continue reading

The Market Takes a Breath as Summer Ends

Last week was basically flat for the stock market following the biggest week of the year for the DOW.  Low market volatility over the past 18 months is a bit unnerving to me.  It ... continue reading

Annuity Companies Responding to Fiduciary Regulations

There is Great News for consumers as many Annuity companies are changing their advisor compensation models! The word “Annuity” has too often triggered bias, ignorance and misinformation among financial professionals and consumers alike. You ... continue reading

DOW Has Best Week of the Year

The stock market brushed off North Korea concerns and surged forward.    The market futures this Monday morning are positive after those gains last week. Let’s hope the momentum continues into the fall. Inflation ... continue reading

Irma Takes Over the State of Florida

The infrastructure spending required to rebuild from these hurricanes is good for the economy and the stock market in the short term.  There will always be winners and losers but this infusion of spending ... continue reading

Stock market closes August strongly

All three major domestic stock market indexes (S&P 500, Nasdaq, DOW) are in positive double digit territory for 2017!  This week is a short trading week as Monday was Labor Day. September Brings a ... continue reading

Are You Scared of a Stock Market Crash?

Thus far, 2017 has been a very solid year for the stock market. Looking back eighteen months, since mid-February 2016, the stock market has grown substantially in the midst of a series very troubling ... continue reading

The Future is Easier to Affect than the Past

Labor Day weekend represents the end of summer for many people. I think of Labor Day as the beginning of fall, which I love! As I write this, my philosophical self leads me to ... continue reading

All eyes on Houston area as summer comes to a close

Houston and surrounding communities are under siege from nature.  Hurricane Harvey and rain pummel the area.  The human tragedy will also have a negative economic impact in the tens of billions. World events, natural ... continue reading

Stock Market backs up as economy sends mixed signals

Good corporate earnings and low interest rates are two strong factors for the health of the stock market.  If more regulatory relief and tax reform gets done, then it would be a very strong ... continue reading

Stocks Off More Than 1% As Gold Surges

Diversification is not simply spreading your investments around. If all of your investments react the same to economic conditions then your investments are not diversified. This situation would be described as owning investments with ... continue reading

Dow Jones Reaches New Milestone

Last week came with encouraging results and the stock market was slightly up on balance.  These results likely helped your portfolio irrespective of who you voted for or what the name Trump means to ... continue reading

Dow Reached New Milestone

As a financial advisor and fiduciary, it is my mission to analyze many economic factors and advise clients on how to reach their desired objectives while investing within their tolerance for risk and personal ... continue reading

With Trump, Results Matter More than Effort

Trump being dropped in Washington was like dropping an ice cube in a scalding hot pot of oil (DO NOT TRY THAT).  I don’t believe the 71-year old president is going to change his ... continue reading

PCA Grows Their Services Through Strategic Partnerships

Poterack Capital Advisory is a financial planning firm, and there are financial aspects to nearly everything you do. Your lifestyle, in large part, is based on your financial situation. Your healthcare and well-being is ... continue reading

Life Insurance: A Buyer’s Guide

Our clients know we handle financial planning and money management, but not all clients know we are independent life (and long-term care) insurance brokers as well. There have been clients who bought life insurance ... continue reading

Sleepy but Successful Summer Days

Short and sweet Economic Update this week as the market continues to trend upward with very little volatility.  It is easy to sleep on the possibility of a correction which often comes when we ... continue reading

Records are very profitable these days

My 13-year old daughter Reagan has a record player and buys albums regularly now.  With digital technology, who would have guessed vinyl records would be “in vogue” again? Who would have guessed the DOW ... continue reading

Summer is in full swing as market takes a breath

Last week the market was slightly up after a very strong first half of 2017.  The second half of 2017 will likely be impacted by what congress does or doesn’t do with regulations and ... continue reading

Winning at Halftime

The stock market had an outstanding first half of 2017 and is poised for more gains if low interest rates, low energy costs persist.    If congress improves the health insurance market and passes ... continue reading

Fruits and Power: A History Lesson

We all know optimists and pessimists. There are people who see the best in everything and others who find the cloud in an otherwise blue sky. In my career experience, I have found most ... continue reading

First official week of summer is a good one for markets

More Homes Moved in May In a pleasant surprise for economists, both new and existing home sales picked up last month. The National Association of Realtors announced a 1.1% gain for resales, with the ... continue reading

Tech selloff continues as DOW and S&P 500 have positive week

We have seen tech giants, Google, Apple, Amazon, Facebook and others suffer over the past 10 days even as the overall stock market has done pretty well.  These household names have impacted our everyday ... continue reading

Mixed stock market results last week

An Upbeat Report on the Service Sector The Institute for Supply Management’s May non-manufacturing purchasing manager index displayed a reading of 56.9 last week, showing expansion in U.S. service industries for an eighty-ninth straight ... continue reading

The pillows are fluffed to cushion an inevitable fall.

Last week was another very strong week for the stock market.  Some people are concerned about a pullback or crash.  Experienced investors know that the stock market cannot continue as it has over the ... continue reading

Big week for the stock market

The major market indexes came back very strong last week and now we are headed for June with momentum.  If only our news was as positive and calm! Consumer Sentiment Declines Just a Bit ... continue reading

Sex, Lies, and Videotape!

The 1989 movie starred James Spader, Andie MacDowell and others. Well I just wanted to grab your attention, as there will be no discussion of sex in this article, and what is a videotape ... continue reading

What A Wild Week For Trump And The Stock Market

Market volatility returned last week as there was a steep decline early in the week followed by a market comeback later in the week. This volatility seemed to be linked to the Trump administration ... continue reading

Are You Comparing Apples and Oranges?

I recently sent an email to a client and then felt the bulk of the content may be helpful to all of my newsletter subscribers. Let me know what you think. Many people think ... continue reading

Mixed Bag on Wall Street Last Week

Large cap stocks, as represented by the S&P 500, were down about 1/3% while Small cap stocks, as represented mostly by the NASDAQ, were up about 1/3%. A Solid Retail Sales Reading Americans bought ... continue reading

Are You Tired of Winning?

Okay, I admit the subject line is a cheap play on one of President Trump’s many interesting statements. He said we would “get tired of winning so much!” My point behind the silly statement ... continue reading

Stock Market Surged Last Week

The Nasdaq crossed the 6,000 mark and is up over 12 percent in 2017! Tepid data came in last week but the stock market still surged. A positive outlook in the business community, potential ... continue reading

Stock Market Rebounds Upward

Solid week for the stock market amid conflicting news about home sales surging while housing starts have slid. As I write this, the stock market is up strongly Monday morning with all major indexes ... continue reading

Inflation And Stocks Retreat As Spring Arrives

Tough week for stocks as there was approximately a 1 percent decline. We also saw interest rates decline a bit as well. This can be correlated as people sell stocks out of fear and ... continue reading

Life Insurance as a Financial Strategy

Too many people think of life insurance as just something you get for peace of mind. After all, it is typically billed as a safety net of sorts to help your family and loved ... continue reading

Understanding the DOL Fiduciary Rule

Financial regulations are constantly shifting. Some changes are more drastic than others and can have a significant impact on your investments and financial dealings. For instance, the Department of Labor’s (DOL) historic new Fiduciary ... continue reading

401(k)—The Benefits of Investing

In a perfect world, your retirement planning strategy would resemble a three-legged stool, with one leg being Social Security, another being the benefits your employer provides and the final leg the retirement savings that ... continue reading
  • 1
  • 2