Stocks were plummeting. Banks collapsed. By mid-October, the New York Stock Exchange had lost half its value from the previous year. The few remaining healthy companies bought out those that failed, and even the most fervent antitrust crusaders fell by the wayside. The economy was already in recession, with industrial production reduced by almost one-third. […]
The cost of income tax is a crucial part of overall wealth management and our team at Smith Anglin works diligently to mitigate or lesson the tax cost of both retirement and investment income. We have a dedicated team of CPAs that work alongside our wealth advisors to make sure you are not only meeting […]
It’s hard to stay calm when headlines like “Russia invades Ukraine!” appear everywhere you look. And matters are made worse when you’re reminded that the reckless aggressor in the conflict is a nuclear power which is just a short series of missteps away from leading to World War 3. Honestly, if global nuclear war is […]
The Yankees are coming! The Yankees are coming! Which region of the United States has the most residents? Many of us might assume it’s the Northeast, where there’s essentially a megalopolis stretching from Boston to Washington. But no. Maybe the West, considering California’s outsized population? Not that either. The South, with 38.3% of the nation […]
DALLAS—February 7, 2022—Smith Anglin Financial has been recognized as a 2022 Best Places to Work for Financial Advisers as announced by InvestmentNews today. Smith Anglin Financial was chosen as one of this year’s top 75 firms based on employer and employee surveys delving into everything from company culture, benefits, career paths, and more. “It’s a […]
(Before we proceed, we remind you that this blog is for educational purposes only and we’re not recommending options trading for all readers. Consult your financial advisor before starting options trading.) Equities boomed last year. A positive year was expected by many, although the extent of the upside came as a surprise to many market […]
Just when we thought we had our heads around cryptocurrency, the geniuses who cooked it up came out with some new twists. You don’t need to go anywhere near Bitcoin or Ethereum or Ripple to speculate about blockchains. There’s a whole host of other digital assets you can now make or lose a fortune […]
Notoriously the word inflation is known for creating chaotic discourse and crazy predictions of massive economic catastrophes. Some of it is true—prices for a lot of goods are in fact spiking, and this can certainly have negative effects on the overall economy. Also true is the fact the government “created” $11.8 trillion since the pandemic […]
Months into the budget battle – we used to say “budget process” – America is still waiting for answers about how government spending will affect their daily lives. The less partisan – we used to say “bi-partisan” – $1.2 trillion hard infrastructure plan has now been signed into law. But then there’s the reconciliation bill […]
If you are at or approaching retirement age, today you live in a different reality than the one you were born into. When you came into this world, there was a fear that someday you could become burden to your own children, but it was only a remote possibility. Life expectancy was shorter, and thus […]
