Self-Improvement Gets a Head Start in 2012
Published January 4, 2012 6673 Views
With the new year barely begun, at least one member of the Brighton Securities team has crossed an item off her resolutions list. Myra Schroeder, an administrative assistant in our Batavia, NY office passed the FINRA Series 11 Exam yesterday, making her our newest registered assistant!
With her n...
Don't Tell Esopus
Published January 4, 2012 6780 Views
Little Esopus, NY is a town of 9,500 on the Hudson River about 60 miles south of Albany. A handful of years ago, Esopus planned some public works and issued a municipal bond to pay for it. The town borrowed $170,000 and has been paying 4.5% interest, by all accounts with little difficulty, as the ra...
You Cannot Solve a Debt Problem with More Debt
Published January 3, 2012 6626 Views
If you are one of my clients, you've heard that statement over and over again. I say it because the logic behind our central bank and apparently the ECB is just that.
I have truly grown weary of the nonsensical so-called "solutions" to the problems that ail both the US and European economies. Con...
Hello 2012
Published January 3, 2012 6777 Views
Last week we said goodbye to 2011, a year with plenty of sturm und drang but, at the end, little net change. At the closing bell last Friday it was a mixed bag of results for US markets. Here are the final numbers for the year:
Dow Jones Industrial Average: +5.53% (DJIA for short)
Standard & P...
Goodbye 2011
Published December 30, 2011 7010 Views
We're 10 days past the Winter Solstice and the days are getting longer. Before we know it, summer will be here - not soon enough for my taste. As we bid goodbye to 2011 there were several big events this year of note to investors:
The US Treasury was downgraded to AA from AAA by Standard & Poors....
Benchmarking
Published December 29, 2011 7613 Views
In this industry, benchmarking is the standard measurement for performance. A portfolio manager's success is gauged on how his or her fund faired compared to an appropriate index. A stock fund might be measured against the S&P 500 for instance. This is a mechanism that demonstrates how much value a...
Yelping Clients are Good for Business
Published December 29, 2011 6610 Views
Here at Brighton Securities, we try to keep our interactions with clients as painless as possible. But every now and then, we want them to Yelp!
For the uninitiated, Yelp! is a popular business review site that started in San Francisco and now covers local business in cities around the world . Cust...
More Kodak Tea Leaves
Published December 28, 2011 6885 Views
Latest news out of the Big Yellow Box is that two members of Kodak's Board of Directors have resigned. According to a company spokesman, the two gave no reason for their resignations. But no reason given doesn't mean that no reason exists. That leaves us with just the tea leaves to read, to try and...
There's Still Time (Just Not Much)
Published December 27, 2011 6508 Views
This coming Saturday is New Year's Eve. But for most financial and tax purposes, Friday this week is the end of the year, and your last chance to get a little financial "buttoning up" done.
If you plan to deduct certain expenditures on your Schedule A for 2011, you need to make the payment this we...
Some Perspective
Published December 22, 2011 6695 Views
On a daily basis, we are bombarded with headlines from the mainstream media. Whether its problems in the Euro-Zone, the collapse of MF Global, persistent unemployment, "stagflation" or the nation's enormous amount of debt, there is plenty of negative sentiment out there.
What does the market say...