Insights
At Peapack Private, we consider education to be an important part of what we do, both for our clients and for the public overall. That's why we regularly speak to local and national media, and why we contribute articles to leading publications, and our time to professional organizations.
Features
Economic growth in China is being negatively impacted from many different angles, which is making the outlook challenging. Third quarter Chinese GDP figures are set to be released on October 17th and projections indicate that growth should slow to 5.0% year-over-year versus the prior period’s growth rate of 7.9%. One of the major headwinds facing the Chinese economy is the real estate slump that has been precipitated by the liquidity crisis at China Evergrande Group; an enormous developer with approximately $300 billion in liabilities.
investment outlook third quarter 2021: Off peak but not off track
Recently, the Metro-North system, operator of the suburban commuter trains in New York City’s northern suburbs, announced additional train service to its three lines. The increase will bring service levels to 82% of its pre pandemic schedule. But where are the riders? Metro-North’s ridership is off more than 50% from 2019 levels. In an inducement to get reluctant passengers to heed the “all aboard” call, the rail operator plans to continue to offer all riders reduced “off peak” fares, even during rush hour commutes.
Q4 2021: Can the Good Times Continue for Investors?
By David G. Dietze, JD, CFA, CFPTM
Managing Principal, Senior Portfolio Strategist
Managing Principal, Senior Portfolio Strategist
It’s already been an extraordinarily good year for investors. Stocks, including dividends, are up over 19%, twice the typical return for an entire year. Investors have been well rewarded for venturing out from money market funds, yielding just 0.07%, or CDs, as the five-year version returns just 0.44% annually.
Skeptics will counter that the market returns are so strong only because we’ve been coming out of a pandemic.
Skeptics will counter that the market returns are so strong only because we’ve been coming out of a pandemic.
Can stores charge a fee for using a credit or debit card?
It’s not uncommon to see posted signs about surcharges or minimums if you want to pay by credit card. It is indeed legal.
Business owners must pay credit card processing fees, said Lisa McKnight, a certified financial planner with Peapack Private Wealth Management in New Providence.
The fees can vary depending on the type of credit card used and the payment processing system used, she said. “Credit card processing fees have become increasingly expensive, especially for small businesses who may have tight budgets and not bring in as much revenue as their larger competitors,” she said. “These fees can add up for a business, especially as the U.S. moves more and more to a cashless society.”
September 2021 webinar - The HOme stretch: what Lies Ahead for the markets?
Peapack Private Wealth Management's David Dietze and Donna St.Amant will discuss the outlook for the markets for the balance of the year, analyzing how COVID, the Federal Reserve, the infrastructure package and corporate earnings may all impact stocks and other investments.
Social Security beneficiaries will soon see the biggest jump in monthly checks in 40 years. How to prepare
People already getting Social Security do not need to do anything to get the increase — checks will be automatically adjusted.
Before that happens, however, recipients may want to look at their monthly budgets and see if they can put the extra money to use.
“They really need to look at the numbers and what that increase means to them, what it will mean for their monthly check,” said certified financial planner Diahann Lassus, managing principal at Peapack Private Wealth Management, based in New Providence, New Jersey. Having the extra money each month may help some people pay down debt or put some of it into an emergency savings fund, she said.
Archived Posts
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Peapack Private Wealth Management Acquires Princeton Portfolio Strategies Group
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