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How a Biden victory might impact your portfolio
Democratic contender Joe Biden maintains a lead against President Donald Trump in opinion polls. Granted, plenty can change in the days leading up to next month’s vote, but how might your portfolio perform if the polls are right and Biden wins on November 3rd? A Biden victory would undercut the lower-tax, lower-regulation era installed by President Trump and the Republican party. Under Biden, the corporate tax rate is likely to increase to 28%, reversing half of the cut enacted in late 2017 and hurting corporate earnings, a major driver of stock prices. Of course, plenty of investors remain unconvinced that
How charitable giving will change in 2020
The United States has been the most generous country in the world over the past decade, according to the World Giving Index measure of 128 countries. With all this economic uncertainty, high unemployment and market volatility, what will happen to charitable giving in 2020? Upon evaluation of COVID-19’s impact on charitable donations, we must consider several issues: Oftentimes, there is a high correlation between charitable giving in America and the GDP. Since the mid-1900s, charitable giving hovered around 2 percent of the annual GDP. That 2 percent even held true following the 2008 financial crisis when it only decreased to
Introducing the Waqf of Al Khammash
After months of investigation, research, and translation, we are thrilled to share the waqf (endowment) document of Sheikh Abdul Wahed Efendi Al Khammash (may Allah have mercy on him), great great grandfather of Azzad’s founder and CEO Bashar Qasem. Sheikh Abdul Wahed was the grand judge of the city of Nablus, Palestine in the 1850s. He set up his waqf, made up of income producing properties for the benefit of his family, under Ottoman law. The waqf is still active almost 160 years later. Azzad’s founder Bashar Qasem discovered the family document last year during a trip to his ancestral
Why you need a financial advisor in times like these
Conventional wisdom says investors should hang tough and ride out market declines. But a big plunge always drives plenty of people to the sidelines. That happened in March, when investors pulled a net $326 billion from mutual funds and other pooled investments, according to data provider Morningstar. Much of that money is still on the sidelines. Sometimes, it seems like investing is the only business where, when things are on sale, people run out of the store. Good investors should view market drops as an opportunity to buy, but as we see too often in our line of business, many
Latest Blog Posts
How a Biden victory might impact your portfolio
How charitable giving will change in 2020
Introducing the Waqf of Al Khammash
Why you need a financial advisor in times like these
Fab five stocks are driving this market
Azzad remembers the victims of Hiroshima and Nagasaki
Think twice before speculating on a COVID-19 cure
Why going 100% cash is stupid
