How to Find an Old 401(k)? A Comprehensive Guide to Help You Find Your Money.

According to the U.S. Bureau of Labor Statistics, the average American has held 11.7 jobs from age 18 to 48.  When switching jobs, 401(k) money doesn't automatically switch with you.  In fact, by some estimates, more than 900,000 workers lose track of their 401(k) plans each year!  This leaves many people at some point working hard to track down an old 401(k) account or accounts.  The good news is that the money should stay in your account.  Here are some tips to help you track down your old retirement account.

Will the stock market boom or bust in 2017?

As we near a close to 2016, it is time to look forward to 2017. We have done this in 2014, 2015, and 2016 so it is becoming a tradition to see which strategists did well and which missed the mark. What do the experts think will happen in 2017 and should we even care?medium_728933695

Perhaps you are familiar with Philip Telock's landmark UC Berkeley study that looked at 82,000 predictions over 25 years by 300 leading economists. It turned out that their so called expert views were no better than random guesses, and worse, the more famous, the less accurate the prediction.

Last year, the strategists predicted a bull market for 2016 and they almost hit the number right on the mark. Their average forecast was for a 7.2% gain in the S&P 500 to 2215. They should get a round of applause as the S&P finished at 2239. Well done. Deutsche Bank's David Bianco gets the highest grade with a forecast of 2250, only missing by 11 points. Barclays' Jonathan Glionna should also be given a trophy as he was within 2% for the past couple of years. Let's look at the numbers.

Tom Friedman’s Advice to Millennials

As 2016 comes to a close, it's a great time to reflect upon what was accomplished this year and plan your goals for the next 12 months.  We at Runnymede are extremely grateful for the clients that we serve and strive to always be learning and doing better.  It is in this light that I share the below 4-minute video.

In it, internationally renowned author, reporter, and, columnist—the recipient of three Pulitzer Prizes—Thomas L. Friedman is asked, "What skills would you recommend Millennials to thrive in today's world?"  I encourage you to share it among any millennials that you know.  But I also think that all of us, even those of us more dinosaur than millennial, can benefit too.

5 money saving tips for 2017

This is the time of year when you are bombarded with articles about New Year's resolutions and how to actually keep them.

Are stock market apps making you a bad investor?

stock-624712_960_720.jpgIt wasn't so long ago when people would check stock prices in the newspaper with their morning coffee. You could check your portfolio once a month when your account statement would arrive in the mail.

Fast forward to today and thanks to the internet and phone apps, you can check your investments up to the second. However, is having so much data at your fingertips making you a bad investor?

Per a recent Wall Street Journal article, the answer for many people is yes -- for the simple reason that they tend to make investment decisions based on short-term losses in their portfolio, ignoring their long-term investment plan. Behavioral economists call that tendency "myopic loss aversion" and this is an increasing problem in todays always connected world.

How to Value Your Charitable Stock Donations

Feeling a bit like Ebenezer Scrooge? It is still early yet this December so there's time for prepping, shopping, and holiday parties. And if you should find redemption after meeting the three Ghosts of Christmas, you may find yourself wanting to gift some of your appreciated stock to a qualified charity. If so, here's a quick article on valuing your charitable stock donation.

Economic Data Says Market Can Go Higher

bullish-market.jpgStocks continued to move up last week as all major U.S. indices hit new highs. Investor optimism rose as expectations for deregulation, possible tax cuts and fiscal stimulus under the new administration accelerated. These same factors put upward pressure on bond yields and the U.S. dollar. A strong Dollar has historically been good for the stock market. The reasoning is simple. If you are a European or Japanese, would you leave your money in a bank which takes a piece of your money given negative interest rate policies; or would you rather send your money to the US where we have positive interest rates and a rising stock market?

Tom Lee: Republican "Revolution" Could Extend Bull Market

tom lee.jpgRunnymede has been bullish on the stock market since early July because of improving earnings and good value relative to fixed income. As we ahead to 2017, we remain positive. Former JP Morgan Chief Equity Strategist Tom Lee shares our enthusiasm for equities in a recent interview on CNBC.

Happy Thanksgiving

The Runnymede team is full of gratitude and sends its thanks to all clients, friends, and colleagues this Thanksgiving day. Whether you are home or traveling far, please know that you are dear to our hearts.

8 Days Later: Trump effect on financial markets

trump-financial markets.jpgIt's been 8 days since the Presidential Election and financial markets have had quite a wild ride. On election night, S&P futures traded down limit of -5%. It appeared that markets would react strongly to the downside much like after the Brexit vote. However, the markets quickly digested the surprising Trump decision and markets have traded sharply higher on hopes that Trump's policies will be inflationary and stimulate the economy. While it is too early to tell what he will be able to accomplish, financial markets have wagered some early bets on who the winners and losers will be. The early winner is financial stocks. Trump is widely expected to roll back the regulations of Dodd-Frank which were enacted after the financial crisis of 2008. Financials are also benefiting from the rise in long term interest rates which benefits their net interest margin and equals larger profits. The sharp move in interest rates caused headaches for high dividend stocks which were the hardest hit with REITs, consumer staples and utilities all in the red.

IMPORTANT DISCLOSURE INFORMATION

Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Runnymede Capital Management, Inc.), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Runnymede Capital Management, Inc. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Runnymede Capital Management, Inc. is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of Runnymede Capital Management, Inc.’s current written disclosure statement discussing our advisory services and fees is available for review upon request.