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.

12/13/2012 - 2:40pm
By: Armstrong Advisory Group
Tips for long-term investing in an uncertain economy

Most investors classify themselves as long-term investors, but at the first sign of trouble most investors also are usually ready to push the sell button. This irrational behavior is frequently cited in reviewing mutual fund flows. For example, in a 20-year study from 1984-2003, mutual fund investors, as a group, experienced lower accumulated returns over this time period than an individual who had just bought and held a position over this whole time period.*   More recently, during the year 2009 when the stock market bottomed following its 38 percent plunge in 2008, over 90 percent of inflows...

12/06/2012 - 2:38pm
By: Armstrong Advisory Group
A House Bill that could affect your long-term care planning

The purpose of House Bill 6300 is to authorize a study, among other things, of the impact of long term care costs and to explore the Medicaid eligibility rules and how they might be changed to reduce dependency on Medicaid long term care financing. They will be looking specifically at the effectiveness of 1. How assets are treated for purposes of determining eligibility for long term care services. 2. The Medicaid Eligibility look back period for the treatment of transferred assets. In essence they are considering making the look back period 10 years instead of the 5 year...

11/28/2012 - 6:54pm
By: Armstrong Advisory Group
The U.S.' Finances: The Tough Facts

With the “fiscal cliff” right around the corner and with the U.S. government brushing up against the debt ceiling again, the U.S. government’s finances will be a focal point for the next few months. However, it would be naïve of any individual to believe that this discussion will disappear. As politicians continue to “worship the great god of reelection,” it has become increasingly frequent that decisions on taxes and spending continue to be pushed off. The Simpson-Bowles debt committee could not even get their budget to be voted on by either the House of Representatives or...