We Provide a Safe Place to Talk About Your Money

Welcome

At Berkshire Money Management, our experienced advisors actively monitor your investment portfolio. We aim to protect your assets and effectively manage your portfolio so that you can realize your financial goals. We also provide financial and retirement planning (including rollovers), financial solutions for college, estate planning, business valuation and other important financial services. Come visit our historic offices in the Berkshires and chat with one of our advisors–and say “Hi” to our pups!

The Extra Mile

Scott C. Little, Vice President, Berkshire Money Management

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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Zack Marcotte, Financial Advisor, Berkshire Money Management

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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Bill Schmick, Managing Director and Portfolio Manager, Berkshire Money Management

Bill Schmick, Managing Director and Portfolio Manager

A family client of mine, led by an 82-year old widow and grandmother, gave me an opportunity to really reach out beyond just business. Over time, I grew to know the family and this lady rather well, and had come to appreciate our conversations.

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Insights & Advice

The brokerage business is not what it used to be

Last week, Charles Schwab, the mega-discount broker, disrupted the brokerage industry yet again by dropping its per-trade commission rates for U.S. and Canadian stocks, exchange traded funds (ETFs), and options for both mobile and internet trades. It was inevitable and simply recognizes what the future holds for that segment of the financial industry. Since Schwab’s announcement on October 1, three additional big brokers—TD Ameritrade, E-Trade and Fidelity Investments—have thrown in the towel leaving only Vanguard (among the big houses) left out of the zero-commission trend. The stock market reacted in shock. Traders hit the sell button on their computers sending…

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The growth vs. value of high school reunions

Dalton — Last week I had one of my roundtable discussions with the financial advisors of my firm. These talks are opportunities for us to aggregate and formalize the water cooler chat we’ve been having regarding the economy and the markets. These chats are great because the rule is to challenge consensus and to point out the flaws in each of our respective hypotheses. The summary of our collective wisdom at Berkshire Money Management is: We’ve got no idea. I’m not proud to say that. I feel very vulnerable saying that I don’t know what’s next for the stock market and…

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An October to remember

October is certainly living up to its reputation. This week, we witnessed a more than 1,000-point decline in the Dow Jones Industrial Average before recovering at the end of the week. Behind the volatility: worry over a slowing economy. On Thursday morning (October 3,2019), the Institute for Supply Management (ISM) announced that the non-manufacturing index hit a three-year low. This was on the heels of earlier negative news from the manufacturing sector. The Institute said that sector had experienced its worst contraction since 2009 with the index falling to 47.8% from 49.1% in September. Economists and traders alike already knew…

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Current News: October 11, 2019 Stocks soar on “skinny” deal

Global markets regained their footing this week, as expected good news on the trade front produced a “relief “rally in equities. Who cared that there was little substance to the deal? Investors decided that even a tiny deal was worth more than no deal at all. As I wrote last week if “Trump believes he needs a ‘win’ to counter the slowing economy and the impeachment inquiry, then even a half-hearted deal might be in the cards. In which case, we could see a 10-15% move higher in the averages.” But before we pop the champagne, I want to see...

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