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Bruce Freides

Newsletters

The Benedict Brief: May 2024

Now that tax season is over (except for those who file extensions), you probably think you are done with your annual required Government filing for the year. Well, not exactly. If you or someone you know is a small business owner or someone that has an active LLC, there is a new law that may apply to you…and the initial required filing is due in 2024. Wait! What new law and what required filing?
Bruce Freides
May 8, 2024
Newsletters

The Benedict Report: November 2022

What is happening with the economy and the markets? Is there any good news out there? To say that 2022 has been a challenging year is an understatement. Starting with the first few days in January, this year has proven to be one of the most difficult in recent memory. We’ve experienced the terrible tragedy of the war in Ukraine, sky-high inflation figures that have not been seen since the Reagan administration, soaring energy prices around the globe and significant market declines across all major stock indexes. So, is there any good news out there?…
Bruce Freides
November 29, 2022
Newsletters

The Benedict Report: January 2022

Are You an Owner or a Renter? Most times when you hear this question, it pertains to your primary residence. Do you own your home, or do you rent? While we could offer opinions on the subject and debate the pros and cons of each, the question I’m posing is not about your current living situation…it’s about your investments. So, when thinking about your investments, are you an owner or a renter? (more…)
Bruce Freides
February 1, 2022
Newsletters

The Benedict Brief:
February 2020

The fears surrounding the Coronavirus outbreak have been building for the last few weeks, but those fears just hit the market this week. The markets have experienced a sharp selloff this week resulting in a 10% correction in the broad S&P 500 Index, it's quickest correction in history. (more…)
Bruce Freides
March 4, 2020
Stories

Demographics and Your Investing Success

We have all been hearing this for years… how the aging baby boomers will impact our economy. Here is a chart that illustrates the potential impact. The “baby boomers” are getting old! They will draw on our resources like no generation has done before them. They are collecting social security benefits and are likely to draw them for a long period as their life expectancies are likely to extend past previous generations. They are using Medicare benefits and are likely to use the benefits for a long period of time. Also, most of the medical…
Bruce Freides
May 21, 2019
Stories

I’ve Been Following This Strategy…

“I moved my retirement account to the money market sub-account when my account dropped more than ten percent in 2015. I read that is what you are supposed to do.” When did you re-invest your retirement account? (more…)
Bruce Freides
May 21, 2019
Stories

Twelve Years with No Gain

Do you have an investment strategy that can survive twelve years with no stock market gains? Is your basic investment strategy to invest in some sort of index fund that follows a market index? (more…)
Bruce Freides
May 21, 2019
Stories

The Big Just Keep Getting Bigger

Below is a diagram from Ritholtz Wealth Management that shows the top five companies by market value of the Standard and Poor’s 500 Index and compares them to the smallest 282 companies of the same Index. (more…)
Bruce Freides
May 21, 2019
Stories

The Rich Guys

If you have traveled around the country a little, you may have toured the “estates” of some rich corporate barons from the past. The Carnegie Mansion, the Biltmore Estate, The Getty Villa, etc. These gentlemen made their money from the manufacture of steel or the pumping of oil. Other historically wealthy men made their wealth from real estate, mining or many other areas. (more…)
Bruce Freides
May 21, 2019
Stories

One Trillion Dollars

On August 2nd of this year, the market value of Apple (AAPL) exceeded the one trillion-dollar mark. For those of you who are numerically challenged, that figure is $1,000,000,000,000.00. The market value is the number of outstanding shares multiplied by the market price per share. (more…)
Bruce Freides
May 21, 2019