Financial Exchange Blog

Barry Armstrong has more than 25 years of experience in the financial services industry and hosts WRKO's Financial Exchange program every weekday from 10 a.m. to noon. Barry also works with the independent financial professionals at Armstrong Advisory Group, which he founded himself, to serve individual investors and small businesses in New England. For the most up to date information on The Financial Exchange, as well as industry news and info, follow Barry on Twitter @BarryGArmstrong.

08/09/2012 - 11:34am
By: Armstrong Advisory Group
Common mistakes when dealing with real estate ownership

Probate can be a somewhat costly adventure for the estate as an attorney is generally hired to help the executor through the process.  The legal costs may range from 2-4% of the value of the probate estate.  The probate estate consists of the value of all the assets owned in an individual’s own name as of the date of death.  For this and many other reasons, families generally desire to avoid probate and the best way to accomplish this is for individuals to simply die not owning assets in their own name.   This can generally be accomplished through the use...

07/26/2012 - 2:07pm
By: Armstrong Advisory Group
What is vitally important to shaping the direction of the economy

Energy has long been, and continues to be, one of the most important issues faced by the United States. The dependence on scarce resources has fostered corrosive politics at home and abroad – and efforts to generate renewable energy have provided few viable alternatives to traditional fuels.  For the foreseeable future, fossil fuels will likely continue to dominate the energy landscape in the United States. The trends that influence them are vitally important in shaping the direction of the economy and the market.

  • Dependence on foreign oil has long been an issue for the United States, and significant efforts have been...
07/19/2012 - 10:02am
By: Armstrong Advisory Group
The impact of the New England regulatory environment on the economy

Despite the belief that the New England regulatory environment is bad for the regional economy, New England GDP has held up relatively well over the past few years.  Has this benefited any particular sector?

  • In the early 1990s, New England states experienced many bank failures, including the bankruptcy of the Bank of New England, when state incomes and real estate prices declined.  In contrast, between January 1, 2007, and March 31, 2010, 206 federally insured banks failed.  Of that total, 0 were located in New England (Butler Bank of Lowell, MA failed in April of 2010)i.  New England banks held up...