Change is in the air. After nearly 100 years, Exxon Mobil is being removed from the Dow Jones Industrial Average, along with Pfizer and Raytheon Technologies. Newcomers are biotech giant, Amgen, manufacturing conglomerate, Honeywell, and enterprise software giant, Salesforce.com. These index changes are fairly common, however this one is particularly interesting and brings into question why the heck the Dow became so popular in the first place.
For anyone that has seen the Oscar nominated movie, Ford vs. Ferrari, you know how this tale worked out. Situated in the 1960s, Ford’s product line was called into question and their inability to compete on the racetrack was turned into motivation for what eventually created the GT40. If you have not seen it, well… we won’t spoil it for you as it’s a worthwhile Quarantine movie.
At Withum Wealth Management, we recognize the fact that Federal tax reform has escalated the cost of living in New Jersey, New York, Connecticut, and Illinois, among other states.
In our technology driven world, can you name an invention where a competitor doesn’t come in and try to replicate the idea in a better, more efficient way as technologies improve?
Accounting Today has released their 14th annual ranking of firms by AUM.
July 30, 2020 – Withum Wealth Management (WWM) is pleased to announce it has been named to the 2020 edition of the Financial Times 300 Top Registered Investment Advisers.
Welcome to our first edition of Perspectives: Wealth Management Ideas for 2020 and Beyond where we will present timely and relevant wealth management topics. We hope you will find tremendous value in the content we will carefully curate for you in each edition.
Investing is challenging to begin with, but even more so when there is a global pandemic at hand, and an economic shock unlike anything we have seen in nearly 100 years.
A surging stock market and historic unemployment levels; incompatible, mirror opposites or is there an explanation?