Weekly Market Recap – December 13, 2021
The Markets (as of market close December 10, 2021) Stocks closed last week higher for the first time in three weeks. The S&P 500 enjoyed its best weekly gain since February. Fears over the effects of the Omicron variant on economic growth seemed to subside somewhat as each of the benchmark indexes recorded notable gains. […]
Weekly Market Recap – December 6, 2021
Wall Street could not maintain its early momentum, closing the week down. Lower-than-expected employment, new reports of Omicron variant cases, and a hawkish stance from the Federal Reserve led to uncertainty in the market. Each of the benchmark indexes ended the week lower, led by the small caps of the Russell 2000 and the tech-heavy […]
Four ways to make charity part of your family’s financial plan
As your family’s wealth grows, you may start to prioritize giving back to your community. Cultivating philanthropic values can help foster responsibility and a sense of purpose among both young and old alike, while fulfilling your financial goals. Charitable donations may be eligible for income tax deductions (if you itemize) and can help reduce capital […]
ADJEX to make distribution on 12/20
The Azzad Ethical Fund (ADJEX) will distribute capital gains to its shareholders on December 20, 2021. Shareholders may see the fund’s share price drop for a couple of days while the capital gains are processed and distributed. The post below should help explain this standard procedure of capital gains distributions for mutual funds in the U.S. […]
RMDs are back
Over your lifetime, you may have been focused more on accumulating assets in tax-deferred retirement accounts like 401(K)s and traditional IRAs. However, Uncle Sam will soon come knocking for his portion of the pie that you’ve accumulated, specifically when you turn 72. Here are a few things you should know about required minimum distributions (or […]
Weekly Market Recap – November 29, 2021
Thanksgiving week proved to be a tumultuous one for investors. Each of the major benchmark indexes ended the week in the red following news of a new COVID variant in South Africa. In response, several countries, including the United States, initiated travel bans and tightened border controls. Crude oil prices fell 13.5% in the week […]
College Board Releases 2021-2022 Cost Data
Every year, the College Board releases new college cost data and trends in its annual report. Although costs can vary significantly depending on region and college, the College Board publishes average cost figures, which are based on a survey of approximately 4,000 colleges across the country. Over the past decade, average tuition, fee, room, and […]
Financial Planning – Helping You See the Big Picture
Investments, including the investments of the Ethical Wrap Program, are not FDIC insured, so you may lose money. For more information please read the firm’s ADV Part 2 and wrap brochure. Please also see Azzad’s Form CRS Relationship Summary. These documents contain more information about the program’s objectives, risks, fees, and performance. Past performance cannot […]
Weekly Market Recap – November 22, 2021
The Markets (as of market close November 19, 2021) Stocks closed last week mixed, with the Nasdaq and the S&P 500 posting gains, while the Russell 2000, the Global Dow, and the Dow fell. Another round of strong corporate earnings data was enough to overcome investor concerns that rising inflation might accelerate the withdrawal of […]
Are you wealthy or just rich?
Bashar Qasem, CSAA, President and CEO “If the son of Adam had a valley full of gold, he would like to have two valleys.” – Prophet Muhammad (peace be upon him) As a financial advisor going on twenty-five years now, I’ve seen and heard a lot. This ranges from inspiring stories of financial success to […]
