Blog

Congratulations! Top Ranked Finish in CFA® Finance Forecasting Competition

Raskob Kambourian Financial Advisors would like to congratulate Phillip B. Kaiser, CFA, CMT, CFP® on his outstanding performance in the Financial Forecasting Challenge hosted by the CFA® Societies of the Western U.S. on the forecasting site Good Judgment® Open (www.gjopen.com).  The objective of the yearlong competition was to accurately predict the outcome of economic and…

Market Update – Let’s Make a Deal

When I was younger, one of my favorite activities during a sick day or school shutdown day was watching game shows on television.  I enjoyed the enthusiastic contestants, fun games, and high stakes on the line (high stakes for me at the time).  A couple of my favorite shows were Family Feud and The Price…

Enhanced Investment Offerings

At Raskob Kambourian, we are constantly in search of the best investment products to offer our clients.  In addition to equities, bonds, mutual and exchange-traded funds, we also offer clients an assortment of alternative investments.  Recently, our suite of investment products has been enhanced with the addition of mutual and exchange-traded funds that provide protection…

Anatomy of a Phishing Email

The above email has several signs that indicate fraud. Item 1 is the suspicious email address from the sender. Items 2 and 5 express urgency as well as a threat. Items 3 and 4 offer a gift in exchange for personal information. Item six is an attachment that could create a virus in your computer,…

2019 Social Security Updates

Benefit Increase. Monthly benefit checks have been increased for 2019 by a cost of living adjustment. The cost-of-living adjustment (COLA) is based on the Consumer Price Index (CPI) for Urban Wage Earners and Clerical Workers. Due to these increases, the average monthly retirement check will have been increased $39 from the 2018 level.  The maximum…

Obscure Tax Facts You Probably Didn’t Know

1. “Uncle Sam wants you to be healthy! If you quit smoking, you can write off any smoking cessation products or programs. Have a life-threatening medical condition like diabetes, high blood pressure, or heart disease? If a doctor signs off on it, you can write off diet/fitness products, classes, and programs. One person was able…

Market Update – Barbarians at the Gate

I was cleaning out my closet this weekend and happened to come across some old books. In addition to accounting and economics textbooks long forgotten, I came across some paperbacks spanning a range of business topics. Included in the mix was the book Barbarians at the Gate: The Fall of RJR Nabisco by Bryan Burrough…

Market Update – Between Scylla and Charybdis

It has been said there are two certainties in life: death and taxes.  These days another certainty can be added to the list: a reduction in the federal funds rate at the July Federal Open Market Committee (FOMC) meeting.  According to the CME Group’s FedWatch Tool, futures traders are pricing in a 100% probability that…

Market Update – Slowdown or Recession?

In recent months there has been much debate about whether the U.S. economy is heading for a recession. While there is no denying a slowdown is taking place, we believe the U.S. economy remains healthy and the probability of a recession is low. Our assessment is based on a review of the factors affecting the…

Market Update – Caution, Not Panic

Given the equity market volatility over the last several months, emotions are running high and there is a sense of panic in the air. After reaching all-time highs this year, the major U.S. equity market indexes have done an about face and have declined by double digit percentages from those peaks. The causes of the…