Money and Satisfaction

Lotteries have become enormously popular in the United States.  There is a widespread perception that many lottery winners burn through their newfound wealth rather quickly, and don’t end up better off in the long run. Swedish researchers have examined this perception more rigorously, in a manner akin to a randomized test of a drug’s efficacy.  […]

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Rewards and the Risks Attached

Treasury prices declined modestly last week leaving the 10-Year Treasury yield just shy of 3.00%. Economic data announcements continued to support the Fed’s anticipated quarter percent increase in its fed funds rate next week. The 10-year yield is likely heading into a 3.00% to 3.10% range in coming weeks. Equities got their feet back under […]

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Aretha Franklin’s Estate Plan

Aretha Franklin, the “Queen of Soul,” passed away in August. Her life and musical legacy were remarkable. Her estate planning, not so much. Reportedly, Ms. Franklin died without ever executing a will. Her four sons filed notices with the probate court, before her funeral, that they were interested parties to her estate. One signed a […]

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Time in the Market

Stocks lost ground for the week, just the second week in the last ten to close lower. Declines in technology stocks and trade fears lead the indexes to lower. Fixed income yields rose on positive economic data. These mildly interesting facts should mean little to investors, who are intent on executing their plans for decades […]

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Ask a Trust Officer: Stock Markets

DEAR TRUST OFFICER: How about that stock market? Can it last? — HAPPY INVESTOR DEAR HAPPY INVESTOR: Higher stock prices are driven by two factors: increasing earnings and increasing investor speculation.  The good news for investors is that the stock market records set in August were grounded upon increased earnings and a strongly growing economy.  […]

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Seasonal Trade Bust

The S&P 500 rose to a new all-time high of 2,914.04 in the middle of the final week of August. The index finished the month 3.03% higher. August was the fifth month in a row during which the index closed higher and, since the end of the first quarter, the price gain is 9.87% higher. […]

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