Our Thoughts

FJY News to Know #13

An Audit by the IRS? Yikes! What Would Cause This?

Most people avoid an audit because they file with a good degree of integrity.  However, certain parties can cause more scrutiny from the IRS. Being overly aggressive with benefits or deductions can bring unwanted attention. Moreover, some caveats significantly increase the chances of you getting audited. So, what are they? These seven red flags might cause the IRS to visit your mailbox.

Say ‘Au Revoir’ to the Special Sauce of Stock Markets

Profit margins from corporations are falling for the first time in two years. It could be the beginning of expecting smaller margins for the individual investor’s growth. The steady increases in margins was part of the secret sauce since the 1980s, but this could be slowly evaporating. Also, globalization forces that helped boost earnings are waning. In the past, soaring margins have provided a sweet stock market ride. However, with the downward trend, the road could be bumpy. It matters more than ever how much you save and don’t spend versus how much you make in the market. Keep reading to find out more. If you need some guidance on how to navigate your investment plan, give us a call.

Subscription Fatigue: Survey Shows Streaming Services Number over 300

The current boom of streaming services has presented consumers with a wide array of options. But a survey by Deloitte has revealed that the influx has saturated the homes of Americans to the point of fatigue. Here are a few statistics from the survey:

  • Original content continues to be a dominant factor in streaming video growth, with 57% of all current U.S. streaming consumers saying they subscribe to streaming video services to access original content.
  • Pay TV ads: 75% of consumers say they would be more satisfied if there were fewer ads. Eight minutes of ads per hour of programming was reasonable  — while 16 minutes or more would be the pain threshold.
  • Voice assistants: Ownership of voice-enabled home speakers grew 140% year-over-year in 2018, with total penetration soaring from 15% to 36%. However, half of consumers said they don’t use voice-enabled digital assistants at all.
  • Video games: 41% of U.S. consumers play games at least weekly; Gaming consoles are being used more often as an entertainment hub — to stream TV and movie content.

For more details from the survey, click here.

An In-Depth Look at The Sizzling Hot Job Market

Lots of people who were previously unable to secure jobs are now getting work. In September 2018, the unemployment rate was at 3.7 percent; the lowest it has hit in half a century. According to the Bureau of Labor Statistics, there are plenty of job openings in America than there are people with no work for the past 100 successive months. Which begs the question, what has helped turn the tide? Read more on the latest updates on unemployment numbers and the recent decrease in claims here.

We love writing about all things finance to help you learn more about how to achieve financial goals; both personally and with your business. Be sure to check out our blog page for an array of topics covering various aspects of finance, wealth management, and all things employer-sponsored retirement planning. FJY Financial specializes in Financial Planning, Investment Management, and Company Employee Retirement Plans, crafting the right strategy and plan for your specific needs. Contact us today to learn more!