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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.

03/13/2012 - 10:48am
By: Armstrong Advisory Group
Could a conflict with Iran constrict the global economic recovery?

As the possibility of either a European Union embargo on Iranian oil or an Israeli strike on Iran’s nuclear facilities increases, West Texas Intermediate crude oil has quickly risen to approximately $106 per barrel. According to an analysis by Deutsche Bank, each $10 increase in the price of crude oil decreases real GDP growth by 0.2 percent. Could a conflict in Iran constrict the global economic recovery?

  • Iran’s economy could be severely impacted by the restrictions. In 2010 Iran was the third largest exporter of crude oil and contained the fifth largest reserves of natural gas. Because of their lack of...
03/08/2012 - 2:39pm
By: Armstrong Advisory Group
Open Road Or Open A Business

American entrepreneurs started businesses at a rate of approximately 565,000 a month in 2010, the last year the data was available. According to the Kauffman Index of Entrepreneurial Activity, the 55 to 64 age group has seen the greatest increase in number of Americans to launch a business since 2007. That trend coincides with a 2007 Merrill Lynch study showing of the nation's 78 million baby boomers, 76 million plan to keep working in retirement, more than half plan to change careers and many are foregoing the traveling retiree lifestyle in favor of building a new business.
 
Becoming a...

02/27/2012 - 2:54pm
By: Armstrong Advisory Group
Should you rent your unsold or second home?

In a down economy and depressed housing market, you may find yourself stuck with an extra home for reasons you never dreamed of - including having to relocate to take a job, losing the ability to pay mortgages, taxes and upkeep for two properties or simply not being able to use the home as much as you would like to. If you can't face a year of double expenses, you might want to consider becoming a landlord.
 
While renting your unused home can help you recoup all or part of your mortgage and other costs, like any other investment,...