Park Place Financial Blog

Market volatility creates risk and opportunity for investors. Learn more about what makes stocks go up and down from Park Place Financial.

A portfolio that balances risk with reward can help ensure your investments ultimately meet your financial goals for the future. Managing a well-balanced portfolio requires careful planning, and this could include selling winning securities to help reduce future tax bills.

“Should I pay off my mortgage early?” is a question we are often asked. It depends. What are your motivators? Will paying off your mortgage truly get you closer to your goals? Seeking mortgage payment advice can be motivated by the objective of being debt-free.

Just over a month ago, the video game retailer GameStop seemed to be on its way out. But they went from rock bottom to a value of over $21 billion—all in a matter of days. While sales for the brick-and-mortar chain have declined, their stock soared over 1,500% in late January, topping at about $480 per share.

Each year, as April 15th approaches, we are proactive in reviewing the tax planning strategies of our clients to ensure that an optimal IRA contribution is made prior to the deadline. There is often confusion regarding the various rules and limitations that govern IRAs.

From a historic health crisis felt on a global scale to economic uncertainty, 2020 was a tumultuous year for millions of people. It changed the way people live and work, shifting the global landscape potentially forever. However, it also brought many valuable financial lessons to light that can be applied going forward.

The fact is that most Americans either don’t save for retirement or they don’t save enough. While reasons vary, one common reason our financial planners hear is that they just don’t know or understand their investment and savings options. Saving in stocks, bonds, mutual funds, futures

In recent weeks, we’ve seen several major stories in the news. On the political front, in addition to the arrival of the presidential election through the 2020 caucuses and primaries, we have just experienced the third presidential impeachment in American history. In international news, the latest coronavirus outbreak has hit China, now referred to as COVID-19,

Believe it or not, buying in during a dip in the market may be the perfect opportunity to pursue an investment you have considered for some time. Due to the COVID-19 pandemic, the economy has taken a bigger hit than many have seen in their lifetime. While these are tricky times, the smart move would not be to wait it out, but to take advantage of the opportunities presented.