Blog
Weekly Review, July 31, 2023
Fortis Reviews Financial news of the week. Elon Musk concerned about US consumption of electricity. Despite the economic slowdown, construction pay is booming because there are so few workers. Read an interesting profile of Larry Gagosian, the art dealer who “sells things that aren’t for sale.” Instruction for how to apply for Biden’s new income-based repayment plan.
Weekly Review, July 24, 2023
Fortis Reviews Financial news of the week. Banks are battling to get high spending consumers by adding on extra amenities. Washington’s oil sanctions on Russia have created unintended consequences. Elon rebrands Twitter as “X.” The market cap weighted Nasdaq just got rebalanced.
Weekly Review, July 17, 2023
Fortis Reviews Financial news of the week. Disney board renews Iger for another 3 years. Hilco is a fascinating company that you rarely hear about. Amazon prime day pumping. The markets might be betting on a Fed orchestrated soft landing. How BuC-ees went from a simple gas station to a Texas staple.
Weekly Review, July 10, 2023
Fortis Reviews Financial news of the week. Fortis acquires Erickson Wealth Management. TSA adding facial recognition tech to your travel experience. Interesting data on when we hit or mental and physical peak. Paul Graham talks about how we do great work.
How to Navigate the Five Year Holding Period For Roth IRAs
Roth IRAs can be a great way to save for retirement if you are qualified to contribute. You contribute after-tax money, which grows tax free. You don’t receive a tax deduction for these contributions, but earnings will be entirely tax free when making a qualified distribution and the five-year holding period has been met. This holding period is unique to Roth IRAs and can be tricky to navigate.
Weekly Review, July 3, 2023
Fortis Reviews Financial news of the week. China promises to cut net carbon emissions. The US consumer will be affected by restart of student loans. SEC says existing Bitcoin ETFs don’t meet full regulatory requirements. The promise of AI may be great, but for now, it helps with menial work. Supreme Court rules that Student Loans will stand.
Weekly Review, June 26, 2023
Fortis Reviews Financial news of the week. Uber’s CEO does a deep dive his progress plan. Questions linger regarding Putin’s grip on power. Greed is picking up as call option buyers hit highs. The restart of student loans looms large on consumer spending. Meta creates a VR.
Weekly Review, June 19, 2023
Fortis Reviews Financial news of the week. The Fed is highly likely continue rate hikes. A titanic failure likely to be repeated. The Senate finally is discussing measures to recover executive pay in the event of bank failures. Mortgage listings decline as rates remain high. Washington state now outranks California in gas prices.
Upcoming Changes to Student Loan Repayment and the Future of Student Loan Forgiveness
The passing of a new debt ceiling marks the end of the pandemic era student loan relief. Student Loan borrowers will soon resume full payments. Read here to be prepared for the change.
Are You Ready Financially For Homeownership?
For some just buying a home is a lot, but you should watch out for these other costs associated with buying a home. Check them out here.
Weekly Review, June 12, 2023
Fortis Reviews Financial news of the week. Chairman Powell finds himself in a tough spot with deteriorating indicators looming. Top strategists disagree whether we are in a bull or bear market. George Soros has handed over control of his $25B empire to his son Alex. Did China setup an eavesdropping base in Cuba? BofA thinks AMZN is currently undervalued.
Weekly Review, June 5, 2023
Fortis Reviews Financial news of the week. As the Yen tumbles, Japanese goods are more affordable than ever. Yennier Cano is finally making a splash in the MLB with some tweaks to his mechanics. President of Nvidia shares stories about the near extinction of his company. Small-scale nuclear reactors may be the solution to reducing carbon emissions.
Tools to Set Up Your Children for Financial Success
It can be tough to manage all the different aspects of parenting let alone helping them prepare for a successful financial future. Here are some easy things you can do to set them up in a way that will allow them to kick-start savings.
Weekly Review, May 29, 2023
Fortis Reviews Financial news of the week.. An interesting look into how banks can increase the FDIC insurance. The US and China are likely to remain at odds but the severity of that is what really matters. If you want to make people angry, collude on baby formula. Higher travel prices this summer to reflect the inflation. The tipping backlash has begun.
Weekly Review, May 22, 2023
Fortis Reviews Financial news of the week. Eyes on DC as the debt ceiling looms. Morgan Stanley CEO announces that he will step down in the next year. Pershing Square Capital Management and Third Point Management reveal new positions in GOOG. Fed governors debate interest rate decision. Elon Musk gives in depth interview with CNBC during Tesla annual shareholder meeting.
Weekly Review, May 15, 2023
Fortis Reviews Financial news of the week. Druckenmiller discusses the macro landscape. Amazon announces plans to build ChatGPT-style AI product. McCarthy warns debt ceiling talks are far from over. Is the economic slowdown finally starting to take its toll on retailers? Fed speakers are out on circuit giving mixed messages.
What does it mean when the yield curve is inverted?
One of the most critical indicators that analysts and investors rely on is the yield curve. The yield curve is a graph that plots the yields of U.S. Treasury bonds across various maturities. We explain what it means mean the curve inverts.
Weekly Review, May 8, 2023
Fortis Reviews Financial news of the week. Creator of Yellowstone seems to do no wrong as Paramount greenlights projects. Get a glimpse at the tax free royal purse. Airfare prices soar as travel demand drives price. A likely recession may focus more on white collar jobs than blue collar. Apple gets deeper into banking offering attractive savings accounts.
The Right Mindsets To Build Wealth Like the Ultra Wealthy
Changing your mindset can make all the difference when trying to build wealth. There are things that the ultra rich do that can be replicated. Read more about 5 common attributes the ultra wealthy practice.
Weekly Review, May 1, 2023
Fortis Reviews Financial news of the week. US GDP came in at +1.1% growth for Q1. META continues impressive run after positive Q1 results. SNAP shares tumble as the social media firm disappoints on earnings. JPMorgan finalized a deal to take control of failed lender First Republic Bank. Markets wait or upcoming Fed meeting decision regarding rate hikes