Debunking Summer Swoons

Good Morning,

 

In case you had not heard it 4,578 times already, history suggests August is the worst month for the Dow Industrials, with an average loss of 1.39% over the last 20 years.

 

The good news?  Don’t fret – September is the worst month if you want to check the last 50 and 100 years.

 

The funny part most people miss though as they focus on the bad is that the fourth quarter is usually very strong.  If one cares to review, October, November, and December have averaged gains of 1.96%, 1.93%, and 1.47%, respectively, over the last 20 years.

 

For those who like math, that’s a compounded quarterly gain of 5.5% for Q4’s vs. a 1.3% average loss for Q3’s.

 

Not too shabby right?

 

This helps explain why I start suggesting we “pray for a summer swoon” starting about May 1 of each year.

 

“Ominous”

 

The great former Fed Chairman, Alan Greenspan, warned us all last week that he has new and growing “ominous” concerns about a bond bubble.  We have covered the bond bubble for so long I yawn when I type it.

 

Here is something to note of importance:  Alan is 91 years old now.  As has been previously pointed out, records show he traditionally has had most of his money invested in Treasury securities.

 

Sadly, like many retired folks, right after their healthy stuff each day – the morning run, coffee, yoga lessons and 5K sprints – worrying seems to be the new national pastime for those who watch too much financial TV.

 

The Good News?

 

I read a nice piece from Mr. Navellier.  It pointed out that current Fed Vice Chairman Stan Fischer does not seem to share Mr. Greenspan’s “concerns” as the former gave a long speech last week that attempted to explain that global interest rates remain […]

Marriage and Finances

Want a happy marriage? How you use money before and during marriage can be a big factor in how long you stay together. Financial professional Scott Carty talked with ClickOnDetroit.com about the secrets to a successful marriage.
 
Want to know if you are financially compatible with your loved one?
Click here for a quiz and get the conversation started!
 

Christmas in July

1. Put Pen to Paper
Holiday Budget Worksheet
2. Stockpile Savings
3. Score in the Off-Season
 

WJBK Manage Your Money Like a Baseball Team

Scott spoke with Derek Kevra from WJBK with some tips on how baseball can help you with your finances.

WDIV Last Minute Tax Tips

More than 70% of Americans get a tax refund each year; how will they use it? Financial professional Scott Carty talked with ClickOnDetroit.com about how NOT to use your tax refund:
Spend It
Lend It
Depend On It
Click here for a tax withholding calculator from the IRS
http://www.irs.gov/Individuals/IRS-Withholding-Calculator
With the tax deadline just around the corner, the pressure is on for people who still haven’t filed their taxes. Financial professional Scott Carty talked wit ClickOnDetroit.com about some last minute tax tips to help procrastinators.
Click here to file an extension
Click here to track your return

Carty Captial does not offer tax advice. Please consult the appropriate professional regarding your individual circumstance.

Fake IRS Calls & Texts

The IRS will never contact you through phone, email, text or social media to get your personal or financial information. How to Recognize Fake Calls and Emails

 
They also won’t call you about taxes you owe without mailing you a bill first and they won’t require you to pay a certain way, such as a prepaid debit card.
What can you do if you think you are a victim of identity theft?

Contact the IRS as soon as possible. Document everything, and keep in contact with the IRS until the issue is resolved. How to Identify ID Theft

You can file an identity theft complaint with the Federal Trade Commission – 1-800-908-4490

You may also want to file a report with the local police, as well as contact the fraud departments of the three major credit bureaus – Experian, Equifax, and Transunion.

Protecting Yourself From Tax Filing Scams

File Your Taxes Early

Recognize Phishing Scams

Change Your Passwords Often

Protect Your Number

the IRS will never contact you through phone, email, text or social media to get your personal or financial information. How to Recognize Fake Calls and Emails

They also won’t call you about taxes you owe without mailing you a bill first and they won’t require you to pay a certain way, such as a prepaid debit card.

What can you do if you think you are a victim of identity theft?

Contact the IRS as soon as possible. Document everything, and keep in contact with the IRS until the issue is resolved. How to Identify ID Theft

You can file an identity theft complaint with the Federal Trade Commission – 1-800-908-4490

You may also want to file a report with the local police, as well as contact the fraud departments of the three major credit bureaus – Experian, Equifax, and Transunion.

WWJ: Holiday Tipping

From servers to stylists… baristas to bellhops – we hand over $40 billion dollars in tips each year! But tipping can be tricky. Financial professional Scott Carty talked with WWJ Newsradio 950 to give a guide on how much you should tip in every situation.
Click here for a general tipping guide.
Click here for a holiday tipping guide.

WJBK: Holiday Scams

It is a busy time of year- for all of us and for scam artists. Financial professional Scott Carty talked with WJBK-FOX 2 Detroit about holiday scams and tips on how we can protect ourselves.

 http://www.fox2detroit.com/good-day/218860758-video#.WDMb3upOqco.facebook
Holiday Scams:
1. Gift Card Scams
2. Fake Charities
Click here for a list of charities eligible for tax exempt status by the IRS. Click here to see how charities will use your donation.
3. Delivery Scams

Prevention Tips:
1. Review Statements
2. Protect Your Information
3. Do Your Homework
Click here to check a business with the Better Business Bureau

WJBK: Life Insurance

Determine the Types

Compare Policies

Now vs. Later

Determine Coverage

Click here for a basic life insurance calculator

Re-evaluate