Financial Planning and Advice Blog for Syracuse
Want to keep up with the latest news in the financial sector? HighPoint Advisors in East Syracuse, NY makes sure all our clients have the latest up to date financial information to better plan for their future. Feel free to browse the blog below to learn more about the current financial market.
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Avoiding COVID-19 Scams
By Sarah Flick May 6, 2020 No Comments
May 6th, 2020 Scammers, fraudsters, and other criminals are taking advantage of rapidly changing data and facts associated with COVID-19, both in the workplace and in our homes. Government agencies, corporations, and news outlets continue to warn individuals to be mindful of increased fraudulent activities during these uncertain times. These scams, which can be sent via email, text message, and social media claim to provide COVID-19 updates, sell products, ask for charitable donations, or reference government aid packages. These messages appear to be legitimate in nature but seek to fraudulently obtain personal information, financial gain, and create panic. Use these tips to identify and avoid scams: Keep on reading...
Portfolio Management Update
By Sarah Flick April 15, 2020 No Comments
April 15th, 2020* We at HighPoint Advisors, LLC wanted to touch base and share some of our insights and strategies during this uncertain time. The news may be changing every minute, but we at HighPoint remain steady and focused on your financial wellbeing. As a rapidly evolving response to the Coronavirus outbreak, massive programs have been put in place across the globe by various governments and agencies to help contain the situation and attempt to provide a path to physical and financial recovery. We have learned from previous crises that recessions can cause lasting damage in terms of lost output, but the damage is substantially less when the recession is not accompanied by a banking crisis. What makes this current crisis materially different from the Great Recession of 2008 is that we have a banking system that is not in crisis. We know that current events are unprecedented and this breeds fear and uncertainty. But we remain confident this situation will pass, and feel strongly that the underlying fundamentals of the U.S. economy are strong. Our job as your trusted financial advisors is to analyze this information and distill it down into a financial plan that will help you reach your goals over time. Keep on reading...