Month: December 2017

Top 15 Blog Posts of 2017

On behalf of Runnymede Capital Management, we wish you a Happy and Prosperous New Year! We're so thankful for such a great community of individuals, families, companies and organizations.

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3 Actionable Tips to get Financially Fit in 2018

As we near December 31st, many people are making their New Year's resolutions. I've never been a fan of resolutions, but last year my pants were getting tight in October and weren't helped by so many holiday treats. I made the decision to get in better shape. It was really more of a goal than a resolution but I digress. I bought a $20 Groupon to try out CKO Kickboxing for 6 classes and after my first class, I was totally hooked. I loved hitting the heavy bag and have been going twice a week ever since. In conjunction, I also focused on eating clean and enjoy having salad during most weekday lunches. I'm happy to report that after a year, my pants are no longer tight around the waist. The funny thing is that I've actually gained weight over last year but it is now muscle instead of fat. This year I'm tempted to write out more formal resolutions and goals to see what I can accomplish.

Since I write mainly about financial topics, today I will focus on 3 actionable tips to help you get financially fit in 2018. I know that many of you are worried that I'm going to go into budgets, planning, emergency funds, 401ks and other boring crap. But worry not, I won't mention any of these terms. I promise. Let's jump into the good stuff!

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Will the stock market boom or bust in 2018?

This is one of my favorite posts to write every year as we get to look back on Wall Street predictions and see how they panned out. We have done this in 2014, 2015, 2016 and 2017 so it is becoming a tradition to see which strategists did well and which missed the mark.

Last year, the strategists predicted a bull market for 2017 with an average target of +5% for the S&P 500. Needless to say, they badly missed the mark as the S&P 500 has returned over 20% and blew all predictions out of the water. The most bullish was John Stoltzfus but his target was for just 2450 and today the S&P is 2682. The worst miss was the surprisingly bearish Tom Lee who historically was the most bullish on the street almost year in and year out — he picked a bad year to lose his bullish mojo. He expected the market to have a bad first half and basically end flat at 2275. Now let's take a look at their thoughts on 2018…

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3 year end tax tips spurred by tax reform

While most of us are busy with holiday parties, we don't want to be bogged down by more things to add to our to-do list. But today the GOP takes its next step in its rush to pass sweeping tax reform to give ‘great Christmas gifts' to the middle class (The bad news for us in the tri-state area (NY, NJ, CT), many of us are facing a potential tax increase thanks to the $10k cap on real estate or state and local tax deduction). It is therefore important for taxpayers, both personal and business, to be aware of the potential effect on their finances. Here are 3 actionable tips to take before year end to put you in a better position for the coming tax code changes.

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