Heritage Financial Advisory

Heritage Financial Advisory

By HeritageBusinessInvesting
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Heritage Financial Advisory episodes

  • Mike Talks Money | Episode 1 | Introducing The Podcast

    Welcome to the first episode of Mike Talks Money, our new podcast series aimed at creating a generation of smarter investors. We will use this platform to teach you to use your money as a tool to increase your return on life. Join us weekly to sharpen your money game!

    12 min
  • Heritage Market Minute | May 24th, 2021

    Welcome to the Heritage Market Minute for Monday May 24th! It's the last full trading week before the Memorial Day Holiday, and our team has a lot to discuss. Join Mike Desepoli as he breaks down the coming week in the markets.

    4 min
  • Heritage Market Minute | May 17th, 2021

    Welcome to the Heritage Market Minute for May 17th! There was a great deal of market moving economic data released last week, with specific attention placed on the rise in the consumer price index. Mike Desepoli discusses this data and what it may mean about inflation in the months ahead. 

    5 min
  • Heritage Market Minute | May 10th, 2021

    Welcome to the Heritage Market Minute for Monday May 10th! It's another tug of war in the markets today, but the big focus is on the Colonial Pipeline cyber attack that happened over the weekend and the potential impact on fuel prices. Mike Desepoli discusses this and more, join us.

    4 min
  • Heritage Insider Weekly | April 28th, 2021

    The Major Markets ended mixed but mostly lower. Only Emerging Markets managed to end higher. However, all five indices closed less than half a percent higher or lower than the prior week.

    For the S&P 500, the week was marked by back-and-forth trading as each day seemed to offset the prior day’s trading. Investors seemed largely unswayed by fresh all-time highs, overall earnings results, economic reports, or policy news.

    1st Quarter Earnings results began to be released in earnest last week as 383 companies posted earnings. This week, another 901 companies will release their results with the week of May 3rd being the largest number of reports for the quarter.

    On Thursday, the market did seem to take a pause upon the release of the Biden tax plan. As Reuters noted, the Biden Administration reportedly will be soon detailing a plan to increase the top marginal income tax rate from 37% to 39.6%. Furthermore, taxes on capital gains would also be increased to the 39.6% level, nearly doubling the current 20% rate for those making more than $1 million annually.

    Moreover, the existing 3.8% capital gains tax as part of the Affordable Care Act would also be applied at this top level, creating a potential Federal Capital Gains Tax of 43.4%. This would be the highest rate since the 1920s, which hasn’t exceeded 33.8% in the last 100 years. This figure also does not account for any state or local taxes.
    It’s important to note that these potential tax rates are still speculative. Nothing has yet to be formally rolled out by the Biden Administration, let alone voted on by Congress.

    Much like the equity market, Treasury yields remained virtually unchanged for the week. The Bloomberg Barclays Aggregate Bond index managed to add 13 basis points to recoup some of its earlier losses. The Bond index closed the week with a year-to-date loss of just under 2.5%.

    3 min

About Heritage Financial Advisory

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At Heritage, we believe we can affect positive change in peoples' lives, by helping them use their money as a tool to increase their return on life.