Our Thoughts

FJY News to Know #27

Wall Street’s Golden Goose Comes Under Threat

Wall Street has always been the intermediary between money managers and corporate executives, but now that could be changing. If more companies and money managers working directly with one another — Wall Street as the matchmaker may be cut out of the process. What does that mean? Hundreds of millions of dollars in fees cut. Is this banding between five large investors really going to materialize? Keep reading to find out more.

Is it time to refinance?

Mortgage rates are the lowest they have been since 2016. Rates keep dropping, and thus a refinance analysis might be back on the table, even if you only refinanced 1.5 years ago. So, if you missed refinancing your house last year, this might be your golden opportunity. The general rule is that the rates on the market need to be 0.5% lower than your current rate for a refinance to make sense.  But what are the other factors involved?

Safe Haven Demand Fuels Gold Jump

The price of gold has continued to soar for the past 6 years, with the biggest jump being $1,436/oz. recently. Market uncertainty is always a big one for this metal, and the latest sanction slaps by the U.S. on Iran have only increased the uncertainty. What are the other contributing factors?

6 Sure-Fire Ways You Can Write Off the Summer Camp Costs

Summer is here, and while it comes with its fair share of fun, it can also prove to be quite costly. The good news is, you can still send your children to camp without breaking the bank. It’s possible to claim a tax credit of up to $2,100 for two or more kids for summer camp. While it’s not possible to get a tax credit for sleep-away camps, summer day camps are tax deductible. Discover other ways you can save money this summer.