Mission Statement:
To financially empower our clients so that they can achieve their most
important goals and to confidently plan for the future that they envision
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Another weird, crazy, unprecedented week
You see that headline above? I've used it before in the last few weeks. Hey, why not? No need to get overly creative or put a new spin on it. It is what it is.
Today's Non-Farm Payroll figure this AM was an OMFG moment, statistically speaking, of course. It would have been worse had it not been for the PPP (Payroll Protection Program) and other Government stimuli. Also, evictions and foreclosures aren't allowed to proceed for a few months. Lastly, a lot of furloughed people don't see their job loss as permanent, so they don't count themselves among the unemployed. We'll see about that soon enough.
But stocks are flying higher. Here's why:
- States are reopening for business.
- Positive news about anti-viral drug Remdesevir in fighting Covid-19.
- Expectations that next Non-Farm Payroll number, to be released on June 5, will show an improvement.
- The next four Thursdays between now and June 5 will give us a real time view of how the labor market is fairing from reopening states. Every Thursday, the Labor Department releases unemployment claims, of which over the last 7 weeks, 33.5 million jobs were lost.
The economic and financial news has been on a reel that seems to be in perpetual repeat. I'm doing what I can over here to keep things in perspective, share knowledge, and keep you informed; all to make us our best version of our financial selves.
This includes a live stream every weekday at 4:30 PM ET. I would love it if you'd tune in sometime. You could catch it on LinkedIn and Facebook. I named it: Be The Boss of Your Money because I want you to be the boss of YOUR money, not your money being the boss of you. Hit me up to connect on LinkedIn (
https://www.linkedin.com/in/mitchellgoldbergfa/
Check out the videos below. One is my masterclass about Dividend ETF's (we get into common stock dividends and the mechanics of ETF's too) and one is a clip from a TV appearance from this past Wednesday, May 6. I would love to hear from you, so please reply me with any personal finance, investment or business questions.
Here goes:
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Stay well and safe,
Mitch
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Want to schedule a phone appointment with me to speak about your financial goals? click the "Let's talk" pic.
Or email me directly:
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I opened ClientFirst Strategy, Inc. because I believe that the only way to help my clients potentially achieve their goals is by offering unbiased advice & investment management expertise. To my clients, thank you for your continued vote of confidence. If you are not a client but would like to explore the possibility of becoming one, I invite you to call me directly, visit my website, join my email list, and/or connect with me on social media.
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Mitchell O. Goldberg
AIF®, AAMS
President | Investment Professional
OSJ Manager
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ClientFirst Strategy, Inc.
290 Broadhollow Road, Suite 200 E, Melville, NY 11747
(D) 631-920-6622 (F) 631-920-6624 (C) 516-818-0338
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All the views expressed in this report/commentary accurately reflect our personal views about any and all of the subject securities or issuers and no part of our compensation was, is, or will be, directly or indirectly related to the specific recommendations or views we have expressed in this report. This material is not intended as an offer or solicitation for the purchase of sale of any security or other financial instrument. Securities, financial instruments, or strategies mentioned herein may not be suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue. Prices, values, or income from securities or investments mentioned in this report may fall against your interests, and you may get back less than the amount you invested. The information contained in this report does not constitute advice on the tax consequences of making any particular investment decision. You should consult with your tax adviser regarding your specific situation. Diversification is a method of managing risk and doesn't protect against loss in a down market. The S&P 500 and Dow Jones Industrial Average are indexes. It is not possible to invest directly in an index. *The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. **The S&P 500 is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy.
Securities and investment advisory services offered through NEXT Financial Group, Inc., member FINRA/SIPC. ClientFirst Strategy, Inc. is not an affiliate of NEXT Financial Group, Inc.
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