Money News You Can Use

Knowledge is power, and that’s why we created ‘Money News You Can Use.’ I pick the five best articles I read each month and post them here so you can stay informed of the latest financial news and arm yourself with knowledge when preparing for retirement. I know most people don’t have time to sift through hundreds of articles to find the most relevant and helpful ones, which is why I do it for you!

September is a superstitious month for Wall Street. The “September Effect” refers to a phenomenon where the month of September holds a poor-performing market compared to the rest of the year. Market data from the past 100 years of the Dow Jones Industrial Average shows that September is the only calendar month with a negative return over that time frame. However, the negative returns in September are nothing major in the long run, and – although there is a correlation – the effect is not a causal factor for future indication. No matter your superstitions,  it’s important to know what’s going on in the markets this September.

– Happy Reading
Premiere Wealth Advisors Founder
Jeff Vogan – RFC, CEP

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