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”
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”
You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you’ll need to fund your retirement. That’s not as easy as it sounds, because retirement planning is not an exact science. Your specific needs depend on your goals and many other factors.Continue reading “Estimating Your Retirement Income Needs”
Since the pandemic began, disruptions in business activity have varied greatly from region to region, and often from one week to the next, according to the severity of local COVID-19 outbreaks. Unfortunately, many of the official government statistics used to gauge the health of the U.S. economy are backward looking and somewhat delayed.Continue reading “High-Frequency Indicators: Where to Look for Signs of Recovery”
Despite the financial challenges experienced by Americans as a result of the coronavirus pandemic, U.S. credit-card debt dropped to record levels in 2020, decreasing by almost $83 billion.1 This unprecedented drop was likely the result of individuals receiving financial assistance through the Coronavirus Aid, Relief, and Economic Security (CARES) Act and having access to more cash. Economic aid in the form of stimulus payments, suspended student loan payments, and broad state-sponsored unemployment benefits, allowed Americans to pay down their balances.2 In fact, according to a U.S. Census Bureau survey, almost 60% of adults in households that experienced a loss in employment income during the pandemic used their second stimulus check to pay down debt.3
If you are still struggling to pay down your balances, here are some strategies to help eliminate your credit-card debt.Continue reading “U.S. Credit-Card Debt Levels See Record Drop in 2020”
Ken Schapiro, president of Condor Capital Wealth Management, has been listed in Barron’s ranking for the Top 1,200 Financial Advisors in 2021. This makes the fifth consecutive year he has placed in this ranking, and he is now #26 in the state of New Jersey, rising five places since 2020.
“It’s an honor to be selected by Barron’s again,” said Schapiro. “We have always placed the client first in everything we do, and I’m glad to see that this commitment is being recognized. All of the staff at Condor Capital work hard to deliver nothing but the best service to our clients and strive to be transparent in all they do.”
Condor Capital Wealth Management is an employee-owned, SEC-registered investment advisor employing 22 professional and support staff. Condor has been located in Martinsville, N.J. for over 25 years and has enjoyed being part of and servicing the local community and out-of-state clients. For Condor, the client always comes first; fees are based only on portfolio size, not sales commissions or number of trades. As a true fiduciary, Condor is always working in a client’s best interest. Advisors take the time to identify clients’ short- and long-term goals, risk tolerance, tax issues, and other concerns to construct a well-diversified portfolio and ensure clients always have a plan in place.
In this year’s application process, data was provided by advisors across the nation to evaluate top advisors by state. As per Barron’s report, various factors that are taken into consideration for the rankings include: assets under management, revenue generated for the firm, regulatory record, quality of practice, and philanthropic work. With these metrics, Barron’s is able to pinpoint those who provide excellent levels of service to create a comprehensive directory of trustworthy advisors for clients who may be seeking assistance in investing, financial planning, and other services.
To view more information on the award and our other accolades, please click here. To view the Barron’s Top 1,200 Financial Advisors list, please click here. The Barron’s directory listing for Ken Schapiro may be accessed here.
For more information on Condor Capital Wealth Management, please visit https://www.condorcapital.com or call 732-356-7323.
On Thursday, March 11, 2021, the American Rescue Plan Act of 2021 (ARPA 2021) was signed into law. This is a $1.9 trillion emergency relief package that includes payments to individuals and funding for federal programs, vaccines and testing, state and local governments, and schools. It is intended to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis. Major relief provisions are summarized here, including some tax provisions.Continue reading “American Rescue Plan Act Provides Relief to Individuals and Businesses”