An initial public offering (IPO) is the first public sale of stock by a private company. Companies tend to schedule IPOs when investors are feeling good about their financial prospects and are more inclined to take on the risk associated with a new venture. Thus, IPOs tend to reflect broader economic and market trends. And not surprisingly, 2017 was the busiest year for the global IPO market since 2007.
While the vast majority of financial advisors and investment managers have their clients’ best interests at the forefront, there are a few unscrupulous ones who take advantage of hard-working savers. The likes of Bernie Madoff, Allen Stanford, and Frank Gruttadauria have understandably caused investors to question how their money is protected.
Last week started off with excessive volatility and with the Dow Jones Industrial average off almost 500 points. So here is Kevin Myeroff talking about what could be causing it and what the average person should do with their investments. (3 min 54 sec)
The Federal Reserve recently raised short-term interest rates for the 2nd time in less than 4 months. Joining Bill Wills is Melanie Ross to discuss what a rate hike means for both borrowers and savers. (2 min 48 sec)
Kevin Myeroff talks with Brad Sussman - Of the 126 million households in America, 9.2 million own at least one shared vacation product, making that 70% of America's households. Today, the average sales price for a timeshare is $20,940. For most people, it is a financial mistake. (4 min 32 sec)