|John J. Barrios, CFP® Presents:
“It is every man’s obligation to put back into the world at least the equivalent of what he takes out of it.”
– Albert Einstein
Succession planning isn’t just about an orderly ownership transition. It is also about tax efficiency. Waiting too long can mean paying more in insurance premiums, fees and taxes.
You need to take a gallon of oil out of a barrel of oil. How can you do it using only a 3-gallon container and a 5-gallon container?
Last week’s riddle:
Last week’s answer:
|HOUSING MARKET COOLS DOWN IN February
Nationally, home sales took a step back last month. Last week, the National Association of Realtors reported a 0.9% drop in residential resales in February. The federal government subsequently announced a 1.6% slip in new home purchases last month, although new home prices rose by over 8.0%. The year-over-year numbers are better: existing home sales have jumped 8.8% in the last 12 months, and new home sales have picked up by 11.4%. Housing starts were down 1.1% in February from January’s 4-year high, but building permits were up 5.1% for the month.1,2
INITIAL CLAIMS HIT A NEW 4-YEAR LOW
LEADING INDICATORS MOVE NORTH AGAIN
BULLS PRESS PAUSE BUTTON
Stocks pulled back for the week as anxieties over subpar foreign manufacturing indices inspired some profit-taking. A new concern surfaced Friday: Reuters said Iran’s oil exports had dropped 14% this month. The S&P 500 retreated 0.50% last week to 1,397.11 Friday. The DJIA lost 1.15% on the week to settle Friday at 13,080.73, while the NASDAQ advanced 0.41% in five days to wrap up Friday at 3,067.92. Gold ended the week at $1,662.40 an ounce, oil at $106.87 a barrel. Unleaded gasoline averaged $3.89 a gallon nationally in AAA’s newest price survey.4,5
THIS WEEK: Plenty of crucial data appears. On Monday, the National Association of Realtors tells us about February’s pending home sales, and Fed chairman Ben Bernanke speaks about the labor market at NABE’s annual conference. Tuesday, we get the January S&P/Case-Shiller Home Price Index, the Conference Board’s March consumer confidence poll and Q4 results from Lennar and Walgreens. Wednesday, February durable goods orders figures come out plus earnings from Family Dollar and Texas Industries. Thursday offers the government’s final take on Q4 GDP and earnings from Best Buy and Research in Motion. On Friday, February consumer spending data arrives plus the final University of Michigan consumer sentiment survey for March.
Sources: msn.money.com, bigcharts.com, treasury.gov, treasurydirect.gov – 3/23/124,6,7,8
Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly.
These returns do not include dividends.
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|John Barrios is registered to offer securities through First Heartland Capital, Inc. Member FINRA & SIPC, and offer advisory services through First Heartland Consultants, Inc. Barrios Financial Services is not affiliated with First Heartland Capital, Inc.
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1 – www.washingtonpost.com/business/economy/new-home-sales-fell-in-february-but-prices-rose/2012/03/23/gIQA92X8VS_story.html [3/23/12]
2 – business.time.com/2012/03/20/us-builders-start-fewer-homes-but-permits-jump/ [3/20/12]
3 – www.nasdaq.com/article/us-jobless-claims-fall-in-week-indicators-rise-20120322-01286 [3/22/12]
4 – money.msn.com/market-news/post.aspx?post=c38964a6-60ee-42a2-8b4e-cd45ed26f39d [3/23/12]
5 – montoyaregistry.com/Financial-Market.aspx?financial-market=common-financial-mistakes-and-how-to-avoid-them&category=29 [3/23/12]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F23%2F11&x=0&y=0 [3/23/12]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F23%2F11&x=0&y=0 [3/23/12]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F23%2F11&x=0&y=0 [3/23/12]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F23%2F07&x=0&y=0 [3/23/12]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F23%2F07&x=0&y=0 [3/23/12]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F23%2F07&x=0&y=0 [3/23/12]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=3%2F22%2F02&x=0&y=0 [3/23/12]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=3%2F22%2F02&x=0&y=0 [3/23/12]
6 – bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=3%2F22%2F02&x=0&y=0 [3/23/12]
7 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [3/23/12]
7 – treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [3/23/12]
8 – treasurydirect.gov/instit/annceresult/press/preanre/2002/ofm10902.pdf [1/9/02]