When a company splits its stock, it takes each share and divides it into some larger number of shares. It can be a 2-for-1 stock split or any other combination. When the stock is split, more shares are available, but the total value of all the shares remains the same. Accordingly, if you owned one share worth $100, and the issuing company conducted a 2-for-1 stock split, you would own two shares worth $50 each. Companies can also do reverse splits, making one share from numerous shares, if they want to increase the per-share price of the stock.Continue reading “What Is a Stock Split?”
There’s no doubt about it–owning a home is an exciting prospect. After all, you’ve always dreamed of having a place that you could truly call your own. But buying a home can be stressful, especially when you’re buying one for the first time. Fortunately, knowing what to expect can make it a lot easier.Continue reading “Buying a Home”
Are you one of the many retirement account holders who took a Required Minimum Distribution (RMD) this year? If so, you may want to consider reducing your income by paying back those distributions, as the requirement for taking them has been waived this year. There are some essential details to keep in mind, however. Here’s what you need to know.Continue reading “The 2020 RMD Reversal Deadline Is Almost Here”
Condor Capital Management is proud to announce that we have been recognized as a top registered investment advisor (RIA) in FA’s 2020 Annual RIA Ranking. Condor Capital is listed as #7 in the state of New Jersey and #287 overall in the ranking.
With a readership of 110,000 qualified subscribers every month, Financial Advisor delivers crucial strategies and information about the markets to financial planners, RIAs, and independent broker-dealers. Each year, the publication conducts a survey to determine the best RIAs in the country based on information submitted by individual firms. Companies are ranked based on the total of their discretionary and nondiscretionary assets, percentage growth in total assets, and percentage growth in assets per client.
About Condor Capital Management
Founded in 1988, Condor Capital Management is an employee-owned, SEC-registered investment advisor based in Martinsville, N.J., employing 20 professional and support staff. Since Condor is a fee-only investment management firm, its fees are based on portfolio size, not sales commissions or number of trades. As a true fiduciary, Condor is always working in a client’s best interests and utilizes an integrated approach to investment management that includes thorough financial planning advice on a complimentary, as-needed basis.
For more information on Condor Capital Management, please visit https://www.condorcapital.com or call 732-356-7323.
On July 16, mortgage giant Freddie Mac announced that the average interest rate for a 30-year home loan had fallen to 2.98%. In addition, the average interest rate for a 15-year home loan had declined to 2.48%.1
A 30-year mortgage at less than 3% interest? A 15-year mortgage at less than 2.5% interest? These lows were historic milestones, unseen in the 49 years of Freddie’s weekly surveys. It’s unclear how long this low-rate environment may persist.1
Are you considering refinancing your mortgage? Keep in mind that just two summers ago, the average interest rate on a 15-year, fixed-rate mortgage hovered around 4%, while the 30-year was in the vicinity of 4.5%.2Continue reading “Should You Consider Refinancing Your Mortgage?”