This Flash Briefing referenced the S&P 500 Index, which is a market capitalization-weighted index that generally contains the 500 largest publicly traded stocks in the U.S., subject to certain restrictions. An index is unmanaged and not available for direct investment.

For important disclosures, please see bosinvest.com/disclosures.

This Flash Briefing referenced the S&P 500 Index, which is a market capitalization-weighted index that generally contains the 500 largest publicly traded stocks in the U.S., subject to certain restrictions. It also referenced the NASDAQ Composite Index, which is a market capitalization-weighted index of common equities listed on the Nasdaq stock exchange. The index includes all Nasdaq-listed stocks that are not derivatives, preferred shares, funds, exchange-traded funds (ETFs) or debenture securities. Further, this briefing referenced the Russell 1000 Growth Index, which is a market capitalization-weighted index composed of constituents in the Russell 1000 Index with higher price to book ratios and higher forecasted growth rates. Additionally, this briefing referenced the Russell 1000 Value Index, which is a market capitalization-weighted index composed of constituents in the Russell 2000 Index with higher price to book ratios and higher forecasted growth rates. This briefing also referenced the Russell 2000 Index, which is a market capitalization-weighted index of U.S. small cap stocks that consists of the 2,000 smallest publicly traded stocks in the Russell 3000 Index. Additionally, this briefing referenced the MSCI ACWI ex US Index, which is a market capitalization-weighted index that captures large and midcap companies in developed and emerging market countries excluding the U.S. The briefing referenced the MSCI Japan Index, which is a free float-adjusted, market capitalization-weighted index designed to measure the performance of large and midcap equity securities in the equity market of Japan. Finally, this briefing referenced the MSCI China Index, which is a free float-adjusted, market capitalization-weighted index designed to measure the performance of large and midcap equity securities in the Chinese equity market. A-Shares, H-Shares, B-Shares, Red Chips, and P-Chips may be included in the index. An index is unmanaged and not available for direct investment.

For important disclosures, please see bosinvest.com/disclosures.

The company you work for has just had its initial public offering (IPO); it’s a very exciting time. All the hard work and belief you put into the company over the years is set to be rewarded. Now all that’s left is to wait for the six-month lockup period to expire before you’re free to sell your shares and realize the payoff from your efforts. The lockup period is a good time to take an inventory of your equity awards. You may have some combination of stock options (both incentive stock options and nonqualified stock options) as well as restricted stock units that have vested at various times. It’s helpful to work with your financial advisor and tax preparer to determine a game plan and tax strategy for the optimal order in which the awards should be sold. 

Show Notes:

For important disclosures, please see bosinvest.com/disclosures.

The complete Quarterly Summary is available on the B|O|S website here.

The following are important footnotes from this episode:

[1] Source: Atlanta Federal Reserve website

2 Per the Wall Street Journal, the Fed has been purchasing $80 billion of U.S. Treasury bonds and $40 billion of mortgage-backed bonds every month since June of 2020.

3 Source: American Association of Individual Investors website 

4 Source: FINRA website, data through May 2021

5 Source for inflation data: St. Louis Federal Reserve website, core CPI was most recently as high as 3.8% in June 1992.

6 Source St. Louis Federal Reserve website: spot price of West Texas Intermediate oil. On April 20, 2020, the oil price ended the day with a negative value due to disruptions in the oil futures market.

7 CPI inflation averaged a 1.8% annual rate in the five years preceding the pandemic.

For important disclosures, please see bosinvest.com/disclosures.

Our weekly updates on the markets and economy released most Wednesdays.

Show Notes:

This Flash Briefing referenced the S&P 500 Index, which is a market capitalization-weighted index that generally contains the 500 largest publicly traded stocks in the U.S., subject to certain restrictions. It also referenced the NASDAQ Composite Index, which is a market capitalization-weighted index of common equities listed on the Nasdaq stock exchange. The index includes all Nasdaq-listed stocks that are not derivatives, preferred shares, funds, exchange-traded funds (ETFs) or debenture securities. Further, this briefing referenced the Russell 2000 Index, which is a market capitalization-weighted index of U.S. small cap stocks that consists of the 2,000 smallest publicly traded stocks in the Russell 3000 Index. Additionally, this briefing referenced the MSCI China Index, which is a free float-adjusted, market capitalization-weighted index designed to measure the performance of large and midcap equity securities in the Chinese equity market. A-Shares, H-Shares, B-Shares, Red Chips, and P-Chips may be included in the index. Finally, this briefing referenced the MSCI ACWI ex US Index, which is a market capitalization-weighted index that captures large and midcap companies in developed and emerging market countries excluding the U.S. An index is unmanaged and not available for direct investment.

For important disclosures, please see bosinvest.com/disclosures.

Laws that impact home ownership are often not well understood. Many homeowners may not be aware of an exemption that slightly lowers annual property taxes or the exemption that protects homeowners from a particular kind of creditor — the judgment creditor, a creditor who has sued an individual in court and obtained a legal judgment to collect money owed. A judgment creditor has the right to take several actions to collect the debt, including selling assets like real estate. 

Show Notes:

Important Disclosures: https://www.bosinvest.com/disclosures.

Our weekly updates on the markets and economy released most Wednesdays.

Show Notes:

This Flash Briefing referenced the S&P 500 Index, which is a market capitalization-weighted index that generally contains the 500 largest publicly traded stocks in the U.S., subject to certain restrictions. It also references the Russell 1000 Growth Index, which is a market capitalization-weighted index composed of constituents in the Russell 1000 Index with higher price to book ratios and higher forecasted growth rates. An index is unmanaged and not available for direct investment.

For important disclosures, please see bosinvest.com/disclosures.

Laws that impact home ownership are often not well understood. Many homeowners may not be aware of an exemption that slightly lowers annual property taxes or the exemption that protects homeowners from a particular kind of creditor — the judgment creditor, a creditor who has sued an individual in court and obtained a legal judgment to collect money owed. A judgment creditor has the right to take several actions to collect the debt, including selling assets like real estate. 

Show Notes:

A homeowner must file for the homestead exemption with the correct county recorder’s office. An example of a form can be found at the following link: https://saclaw.org/wp-content/uploads/sbs-homestead-declaration.pdf

Footnotes:

1 California Legislative Information, “Revenue and Taxation Code, section 218,” https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=RTC§ionNum=218.

2 California Legislative Information, “Assembly Bill No. 1885, Chapter 94,” https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201920200AB1885. As of January 1, 2021, Assembly Bill No. 1885 became law and amended Section 704.730 of the California Code of Civil Procedure.

3 California Legislative Information, “Code of Civil Procedure, section 704.960,” https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CCP§ionNum=704.960.

Important Disclosures: https://www.bosinvest.com/disclosures.

Our weekly updates on the markets and economy released most Wednesdays.

Show Notes:

This Flash Briefing referenced the S&P 500 Index, which is a market capitalization-weighted index that generally contains the 500 largest publicly traded stocks in the U.S., subject to certain restrictions. It also references the Bloomberg Barclays Aggregate Bond Index, which is a broad-based bond index that measures the investment grade, US dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government agency bonds, corporate bonds and securitized fixed income securities. Lastly, the briefing references the Russell 1000 Growth Index, which is a market capitalization-weighted index composed of constituents in the Russell 1000 Index with higher price to book ratios and higher forecasted growth rates. An index is unmanaged and not available for direct investment.

For important disclosures, please see bosinvest.com/disclosures.

With a relatively sharp recovery from COVID-19 underway, inflation is again in the headlines after April’s core personal consumption expenditures (PCE) index surged 3.1%, its highest increase since 1992. In this episode, we provide an updated perspective on what's driving inflation, whether we should be concerned about inflation, and key wealth planning action items for inflation longer term.

Show Notes:

Core PCE vs Core PCE 2% Chart: https://www.bosinvest.com/wp-content/uploads/2021/06/Chart-Inflation-Part-2-The-Bark-Thats-Worse-Than-the-Bite.png
Source: U.S. Bureau of Economic Analysis (May 2021)

Footnotes:

1 International Monetary Fund: World Economic Outlook Update (January 2021)

2 U.S. Bureau of Economic Analysis, Personal Consumption Expenditures [PCE] Price Index (May 2021)

3 U.S. Bureau of Economic Analysis, Personal Consumption Expenditures [PCE] (May 2021)

4 Here’s Everything The Federal Government Has Done To Respond To The Coronavirus So Far (March 2021). Peter G. Peterson Foundation

5 College Tuition Is Rising at Twice the Inflation Rate—While Students Learn At Home (April 2020). Forbes

6 U.S. Bureau of Labor Statistics. Comparison of annual average of CPI-U versus CPI-U Medical Care between 1936-2020

“What Commodities Prices Are Saying About Inflation”; Ryan Dezember, Joe Wallace and Andrew Barnett; Wall Street Journal, May 20, 2021. https://www.wsj.com/articles/what-commodities-prices-are-saying-about-inflation-11621485045

Important Disclosures: https://www.bosinvest.com/disclosures.