Coming off an unprecedented year in financial markets, domestic equities continued to move higher in the first quarter of 2021, with the S&P 500 Index rising 6.2% to finish at an all-time high. An improving labor market, a healthy rise in consumer spending, and a growing deployment of vaccines provided investors with greater clarity into the country’s ongoing economic revival and guided domestic equities’ quarterly performance. However, while the prior year’s performance was mainly defined by a relative outperformance in technology and growth-related names, the energy, financial, and industrial sectors were the primary contributors during the quarter. The rotation into these sectors was reflective of a larger pattern of value-oriented sectors outperforming their growth-based counterparts, bucking the long-standing trend of growth’s dominance. Additionally, the improving economic backdrop continued to support small-cap stocks, which are more sensitive to economic conditions but tend to fare better during recoveries. As such, small-caps led the way during the quarter, followed by mid-caps and then large-caps.Continue reading “Condor Capital Reviews 1st Quarter 2021”
By one estimate, U.S. landlords were owed about $57 billion in unpaid back rent at the beginning of 2021. The average household that fell behind owed about four months of rent, or $5,600. Altogether, more than 10 million U.S. families were facing the possibility of eviction.1Continue reading “Crisis Averted? Financial Help for Struggling Renters and Landlords”
Over time, the value of your home has grown and your mortgage balance has been reduced (or even eliminated). The equity (the property’s value minus any liens against it) you now have in your home is a reservoir of funding potential. You may decide to tap into it for various purposes, such as remodeling your home, paying off high-interest loans or credit card debt, buying a car, or sending your child to college.Continue reading “Tapping the Equity in Your Home”
Starting with the school year of 2023-2024, students will no longer need to disclose cash support during the FAFSA application. Grandparents with 529 accounts for their grandchildren who wish to use these funds toward college tuition may do so without negatively impacting their grandchildren’s eligibility for financial aid.Continue reading “FAFSA Changes: What This Means for Grandparents and Families”
Vacation homes require a special type of insurance–one that protects your vacation home but doesn’t overlap with your already existing homeowners insurance coverage. Here are some things to consider when insuring your vacation home.Continue reading “Insuring Your Vacation Home”
All states have financial responsibility laws that either explicitly or in effect require you to purchase at least some auto insurance. However, there is often a large gap between the amount of coverage you’re required to have and the amount of coverage you really need. Even in states with the most stringent requirements, many insurance professionals suggest that you have a broader scope of coverage (i.e., more types) than what the state mandates, and that your coverage limits in most areas exceed the required state minimums.Continue reading “How Much Auto Insurance Coverage Do You Need?”
If you have qualifying children under the age of 18, you may be able to claim a child tax credit. (You may also be able to claim a partial credit for certain other dependents who are not qualifying children.) The American Rescue Plan Act of 2021 makes substantial, temporary improvements to the child tax credit for 2021, which may increase the amount you might receive.Continue reading “Enhanced Child Tax Credit for 2021”
Condor has sent out its 2021 1st Quarter Newsletter!
- Condor Capital Reviews 1st Quarter 2021
- Coping with Medical Bills
- Credit Traps for the Unwary
- Debt Consolidation
You can read our online copy by clicking here.
Since most people finance their home purchases, buying a home usually involves applying for a mortgage. Here is some basic information to help guide you through the process.Continue reading “Applying for a Mortgage”