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The Financial Services Industry Can Help Tackle Economic Inequality |
Each U.S. household in the bottom half of the wealth distribution has only $20,000 of net worth, on average, a figure that represents less than 0.1% of those at the very top. Helping more people to own homes and to invest even modestly in the stock market are seen as critical steps to closing that gap.
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Advisers Giving Back: Attila Toth and Portfolio Evaluations |
Investing in the local community has been an important part of the firm’s identity from its founding in 1992, and it makes sure to involve its staff members’ spouses and families to make its giving even more meaningful.
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The Coronavirus Crash Tax Diversification Opportunity |
Every cloud has a silver lining. One opportunity presented by the recent market volatility caused by the coronavirus pandemic is the chance to create greater tax diversification in retirement portfolios.
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Market Mirror |
Tuesday, the Dow gained 526.82 points (2.04%) to finish at 26,289.98, the NASDAQ closed 169.84 points (1.75%) higher at 9,895.87, and the S&P 500 increased 58.15 points (1.90%) to 3,124.74. The Russell 2000 was up 32.65 points (2.30%) at 1,452.26, and the Wilshire 5000 climbed 583.18 points (1.86%) to 31,872.01.
The price of the 10-year Treasury note decreased 23/32, bringing its yield up to 0.745%. The price of the 30-year Treasury bond fell 1 6/32, increasing its yield to 1.530%.
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