John Romano, CFP®

Blog

Stock Market Meltdown or Meltup ??

What a difference a few months make. Perhaps I don't have to remind you of the market correction/bear market in the last quarter of 2018. It cumulated into what they call "The Christmas Eve Massacre." Traditionally, the market doesn’t go down
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Tax Man or Stretch IRA ? - Leaving a Legacy

Dear Folks, I wrote this in August 2018, but I thought it would be timely, since we are in the tax season now.  I hope you enjoy it ! - Leaving a Legacy for your Family:  Stretch IRA or the Tax Man The other day I was listening to the Beatles channel on Sirius Radio and the song came on called, “The Tax Man” by Eric Clapton and George Harrison.  And it goes like this: ...
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Does Your Broker/Financial Planner have Fiduciary Duty?

Does Your Broker/Financial Planner have a Fiduciary Duty to you ? There is a lot of confusion with the different financial advisor designations. There is very little ...
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Market Volatility - Tighten Up

In 1968, Archie Bell and the Drells unleashed a hit song called “Tighten Up.” More about the song later. With market volatility hitting extreme levels in October and continuing into November, I’m fielding more ....
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86 Year-Old Mother Buys Weed Stocks

My 86-year-old Mother wanted to buy weed stocks (7-19-18).I bet you that title got your attention! A month ago I received a phone call from my mother and she asked me a question that I've heard multiple times from retirees over the last four or five years.  How do I exactly buy some of these companies that are selling this marijuana?  My mother said it looked like a tremendous new business opportunity.  I replied to her with what I've been telling investors for years.&nbs
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Fed Raises Rates

I listened to our new Fed chairman, Jerome Powell, on June 13th, 2018. It was refreshing to hear the new Fed chairman speak in actual plain English. His predecessors, both feds and economists, were so longwinded with so many disclaimers, by the time they got to the meat of the program; most people had already changed the channel. Why should you care? Well, you should probably care if you have a credit card, auto loan, mortgage, more than $10,000.00 in a
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World's Worst Investor

I have met the World's Worst Investor (5-22-18). Over the years, I have had many clients comment to me during our initial meeting claiming to be the worst investor. I have finally met the world’s worst investor last week! He was an aeronautical engineer and he creates and runs very detailed spreadsheets on investments. He checks his investments at least two to three times a day. He handles 50% of his money and he has an advisor handles the other 50% of his money. His advisor
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My Favorite Chart

I have used an updated version of this chart for 20+ years. It represents what a long-term structural market looks like (sometimes called a secular market). I have received many questions about how long this bull market can last, and I always reference this chart to show that structural markets last for a very long time. Let me elaborate a little more on that. When we look at the chart and it says we are in a structural bull market, it doesn’t mean that you don’t have
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Who Dunnit ?

You as an investor have witnessed stock market declines of 1,000-points in just the first week or so of February. It's been quite a while since we have seen this kind of volatility in the market. Really, everybody wants to know “Whodunnit?” If it looks like a correction, feels like a correction and acts like a correction
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Can 2018 Market Outperform 2017 ?

I don’t think anyone can argue that the last year in the stock market was about as good as you could’ve hoped for. However, going into 2018, there are some important key factors that contribute to where we stand: •Tax cuts will hit people’s paychecks and about 80% of workers will see a modest rise of disposable income.(Remember GDP, the most important economic barometer, is composed of 70% of the consumer
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What Kills a Bear Market ?

What Kills A Bull Market? Not a week goes by when I do not field questions about what direction the market is heading. “The media pronounces that tomorrow at 9:30 sharp the market is going to crash.” “The market is going down because of the presidential job approval”. “The market is toast because of BREXIT.” “The market is going to bust because of the stars aligned and it is the Age of the Aquarius.”
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