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The Extra Mile

Zack Marcotte, Financial Advisor

A client told me he had recently changed jobs and asked if I would roll over his 401(k)—into an existing Roth account. I asked if he knew whether his original 401(k) had been a traditional, or a Roth. Was he sure?

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Peter Coughlin, Executive Director

Two of our clients, a husband and wife on the West Coast, are successful entrepreneurs raising three beautiful children. Their oldest child is a freshman in high school and an elite athlete, traveling the United States and Canada playing hockey.

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Scott C. Little, Vice President

Last Thanksgiving, a client emailed me, asking to transfer funds to another account of hers—electronically. But we can’t do that by email. So, I let her know I’d need to call her.

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Insights & Advice

Don’t rain on my stock market parade

Folks in New England are sick of the last month of weather. It’s been a rainy season, for sure. But a new season is about to start for the stock market. When it comes to stock market seasonality, the worst few months are ahead of us. “Seasonality” refers to the tendency of the stock market to perform certain ways throughout the year. Ever hear the phrase, “Sell in May and go away?” That saying is attributed to seasonality. According to Renaissance Macro Research, since 1928, the return of the S&P 500 from July 27 until October 27 has averaged a…

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Economy grows less than expected

The good news first.  The economy grew by 6.5% in the second quarter, which was one of the best quarters in recent memory. The bad news: it was a big miss. Economists were expecting an 8.4% rise, but the markets took it in stride. One explanation is that investors are well aware that the macroeconomic data is, at best, somewhat unreliable and prone to large revisions. It is not the government’s fault. The pandemic and subsequent reopening of the economy has made gathering economic data difficult. Another reason investors gave the miss a pass is that consumer spending, the biggest…

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Olympic price tag breaks records

After the Olympic games conclude on August 8th 2021, Japan will still be tallying the final cost of hosting the games. Indications are that the final price tag could be more than $20 billion. Was it worth it? The most recent polling data suggest the answer is a resounding “no,” at least as far as the Japanese are concerned. Over 83% of the people polled, who live in Japan, believe the Olympics should not have taken place this week. To the Japanese, it is not just the expense of the games, but the holding of this event while the country…

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Current News: August 3, 2021 Video: Giving Back

Part of the Berkshire Money Management culture, since its earliest days, is giving back to the community that has given so much to us. Animal advocacy, social justice, food access, and the arts have been at the top of the list for the entire BMM team. Performance is not indicative of any specific investment or future results. Views regarding the economy, securities markets or other specialized areas, like all predictors of future events, cannot be guaranteed to be accurate and may result in economic loss to the investor. Investment in securities, including mutual funds, involves the risk of loss.

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