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Wealth Watch Newsletter

The markets are complex.  In today’s data age, it’s easy to find more points of information.  However, it’s harder than ever to find out what parts of that information actually matter to you.  That’s the reason behind Wealth Watch.  At BDF, we want to make sure we are always thinking about what’s relevant and keeping you in the loop.

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China’s A Shares an “A” Idea?

On June 20th, index provider MSCI announced big news.  They finally decided to include mainland Chinese stocks (known as A-Shares) to their indexes.  The world’s second largest economy will now get a stage in a huge index.  The MSCI Emerging Markets Index alone is tracked globally by an estimated $1.5 trillion of assets.  By including […]

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Diving Into Covered Call Writing

The markets have been wonderful over the past year and a half.  Some may say even too wonderful.  Currently we have low yields on bonds and stocks at all-time highs. As always, BDF’s Investment Committee scours the landscape for ways we can make long-term fundamental improvements to your portfolio.  You often hear a lot about […]

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Brexit: 1 Year Later

Last June, English voters shocked the world and voted to leave the European Union. The unexpected result roiled equity markets and caused the value of the pound to plummet. David Cameron, then Prime Minister, quickly stepped down and shortly thereafter Theresa May, a Conservative who campaigned for Brexit, took over. Concerns around the British economy […]

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The State of the State

Recently, Gurtin Municipal Bond Management presented “Illinois and Chicago Credit Update,” a special, insider’s look at the true state of the municipal bond market in Illinois and Chicago. It was an informative but sobering look at the many financial challenges Illinois and Chicago face. Here are some of Gurtin’s insights. State of Illinois State general […]

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The Long and Winding Road to Nasdaq 6000

“But they still lead me back to the long and winding road” – The Long and Winding Road, Beatles, 1970 In January 2000, I was an MBA student at the University of Chicago Booth School of Business. On the first day of Internet Strategy class, Professor Austan Goolsbee (eventually one of President Obama’s economic advisers), […]

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Why Not Have Another Election?

The United Kingdom has been front page news for a while now.  Since the Brexit vote last June, the U.K. has not stepped out of the limelight despite countless other events happening since then. Much has been discussed as of late about the elections that are happening across the globe, most notably in France and […]

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Fed Watching

At its March 15th meeting, the Federal Reserve (Fed) decided to raise the federal funds rate target to 0.75%-1.00% – the third such increase since the Fed started tightening monetary policy in December 2015. As the move was widely anticipated, markets had little reaction. Two more rate increases are expected this year. Lost in the […]

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Stocks Are Expensive…or Are They?

After a very strong finish in 2016 following the Presidential election, U.S. stocks in the S&P 500 Index are up 6.5% so far in 2017 as of March 15th.  Positive economic data along with optimism surrounding President Trump’s economic policies have sent stocks higher.  As we mentioned last month, the Dow Jones Industrial Average hit all-time […]

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Buffett’s Big Bet

At the end of February, Warren Buffett decided to declare victory early on his ten year bet made with Protégé Partners.  The bet: What performs better over the ten year period starting at the beginning of 2008 – the S&P 500 or a group of five Fund of Funds (hedge funds).  The stakes: $1,000,000 to […]

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Snapchat Goes Public: Déjà Vu All Over Again

Earlier this month, Snapchat parent company, Snap Inc., filed an initial public offering (IPO). This will be the first time outside investors can purchase stock in the company. Snap Inc.’s IPO is expected to be $3 billion, placing the overall value of the company at over $25 billion – bigger than Facebook when it did […]

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Dow 20,000, Down From Here?

The Dow did it.  It hit 20,000.  This is a monumental moment in market history that has made headlines the last couple of weeks.  Anytime such a height is reached, it makes you worry about the other side.  You may say to yourself something along the lines of “Time for the market to drop.” Whenever […]

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“The Impact of the Election on 2017” – BDF Annual Client Event Recap

On January 19, BDF held its Annual Client Event with over 300 clients and guests in attendance. Andrew Goldberg, Global Head of Client Investment Strategy for J.P. Morgan Asset Management, was the keynote speaker. His presentation entitled, “The Impact of the Election on 2017,” touched on the following themes: The tallest tree? While the current U.S. […]

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