Coming off one the strongest quarters on record, the third quarter of 2020 saw the domestic equity market move higher once again. While the market did pull back a bit in September after five consecutive months of gains amid concerns about stretched equity valuations and trepidation over the upcoming presidential election, the S&P 500 Index still returned a very healthy 8.93% through quarter’s end. The consumer discretionary and basic materials sectors were the quarter’s top contributors, and large-cap names generally outpaced their mid- and small-cap peers. The growing bifurcation between growth and value continued to play out in the quarter, with growth stocks faring substantially better than their value counterparts across all market caps.Continue reading “Condor Capital Reviews 3rd Quarter 2020”
On Sunday, December 27, 2020, the Consolidated Appropriations Act, 2021 (CAA 2021) was signed into law. A $900 billion emergency relief package is included as part of this omnibus spending bill. It is intended to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis. Major relief provisions are summarized here, as well as some additional tax provisions.Continue reading “Consolidated Appropriations Act Provides Relief to Individuals and Businesses”
U.S. retail sales suffered in the spring of 2020 due to safety concerns, government-mandated lockdowns, and economic uncertainty wrought by the coronavirus pandemic. Sales — including purchases at stores, restaurants, and online — plunged from $483.95 billion in March to $412.77 billion in April, a record 16.4% drop.1Continue reading “How COVID-19 Has Changed Consumer Behavior and the Future of Retail”
Condor Capital Wealth Management is pleased to announce that our President, Ken Schapiro, and Vice President of Portfolio Management, Jeanette Lucas, have been selected as Five Star Wealth Manager award winners. This marks the tenth and first times they have received this award respectively.Continue reading “Condor Capital Wealth Management’s Ken Schapiro and Jeanette Lucas Selected as Five Star Wealth Managers for 2021”
If you use part of your home to conduct your trade or business, you might be able to deduct certain related expenses. To qualify for the home office deduction, you must pass certain tests.Continue reading “Can I Deduct Home Office Expenses?”
What is it?
A trustee is a person (or institution) selected to administer a trust. A trustee’s role is to adhere to the terms of the trust document and fulfill its objectives. A trustee can be an individual (professional or nonprofessional) or a corporate trustee, such as a bank or trust company. You, as the grantor, should choose a trustee carefully because an inappropriate choice could invalidate the trust and have serious tax consequences. You must also weigh many other personal, family, business, investment, and nontax concerns. For a large or complicated trust, a combination of individual and corporate trustees may best provide the expertise needed to manage the trust with the flexibility to respond to beneficiaries’ changing needs.Continue reading “Selecting a Trustee”
Government-sponsored disability insurance programs are designed by federal, state, and local governments to provide basic income protection (and sometimes medical benefits) to disabled individuals. Although these programs may not offer the comprehensive protection you’d like, they can help you and your family if you can’t work.Continue reading “Government-Sponsored Disability Insurance Programs”
What is telemarketing?
A plan, program, or campaign to sell goods or services over the phone
The Federal Trade Commission (FTC) defines telemarketing as a plan, program, or campaign to sell goods or services over the phone. Telemarketing can offer a convenient way to buy products and obtain services. However, many Americans view these unsolicited calls as an annoyance. As a result, Congress has enacted statutes that regulate the practice of telemarketing.Continue reading “How to End Telemarketing Calls”
Every year, the College Board releases updated college cost data and trends in its annual report. Although costs can vary significantly depending on region of the country and college, the College Board publishes average cost figures, which are based on a survey of approximately 4,000 colleges across the country.
Following are cost highlights for the 2020-2021 academic year.1 Because many residential colleges shifted to an online model this year, the College Board estimated 2020-2021 room and board figures to be the same as 2019-2020, adjusted for a 1% inflation rate.
“Total cost of attendance” includes direct billed costs for tuition, fees, room, and board, plus a sum for indirect costs that includes books, transportation, and personal expenses, which will vary by student.Continue reading “New College Cost Data for 2020-2021 School Year”