Today, the Bureau of Labor Statistics posted a great jobs report. The economy added 315,000 jobs, above the consensus estimate with manufacturing job gains coming in strong as well, adding 22,000 positions – again above the consensus. While low wage growth is generally not something to celebrate, th...
This famous quote by Warren Buffet is one of the most well-known quotes related to investing. At its core is the idea that investors’ emotions betray them, and it pays to be contrarian. When the market is up, people feel good about investing and want to “get in.” On the other hand, when the market i...
Income tax planning is a crucial aspect of the overall financial planning process. Making tax efficient decisions requires a deep understanding of the tax rules and regulations. Changes to these rules may present new planning opportunities for those paying close attention. Those not paying attention...
Today’s Struggles: So far, 2022 has been a historically bad year – especially for bonds. The aggregate bond market is down 11.6%. If the year ended today, that would be far worse than its worst year on record, 1994, when it dropped 2.9% (The index’s inception is 1976). Similarly, global stocks would...
Food and Energy prices have risen steadily from January 2021 through May 2022. Over that 17-month period, the direct cost of food and energy has increased by 22%, which has been a huge driver of inflation. That 22% increase means it is a larger share of total consumer spending. As of March, it stood...
In Shakespeare’s The Merchant of Venice, it was asked, “What news on the Rialto?” now finally there’s an answer.
Welcome to Rialto Wealth Management! The founding partners, Ed Barno, Mike Antonacci, and Ethan Gilbert are excited to draw upon their combined over sixty years of work in the financia...
Rialto Wealth Management is a fee-only, fiduciary, advisory firm based in Syracuse, NY. From financial planning to investment management, we help families across New York and beyond. We can be reached by phone at (315) 992-9129 or via email through our website’s secure and confidential contact page.
Our Commentary
The Best Number from Today’s Great Jobs Report
Published September 2, 2022 702 Views
Today, the Bureau of Labor Statistics posted a great jobs report. The economy added 315,000 jobs, above the consensus estimate with manufacturing job gains coming in strong as well, adding 22,000 positions – again above the consensus. While low wage growth is generally not something to celebrate, th...
Read More
Be Fearful when Others are Greedy, and Greedy when Others are Fearful – A Quantitative Examination
Published August 4, 2022 852 Views
This famous quote by Warren Buffet is one of the most well-known quotes related to investing. At its core is the idea that investors’ emotions betray them, and it pays to be contrarian. When the market is up, people feel good about investing and want to “get in.” On the other hand, when the market i...
Read More
Taxes & Legislation
Published July 5, 2022 973 Views
Income tax planning is a crucial aspect of the overall financial planning process. Making tax efficient decisions requires a deep understanding of the tax rules and regulations. Changes to these rules may present new planning opportunities for those paying close attention. Those not paying attention...
Read More
It's Been a Tough Year for the Market, Hang In there
Published June 16, 2022 922 Views
Today’s Struggles: So far, 2022 has been a historically bad year – especially for bonds. The aggregate bond market is down 11.6%. If the year ended today, that would be far worse than its worst year on record, 1994, when it dropped 2.9% (The index’s inception is 1976). Similarly, global stocks would...
Read More
Historical Context for Food & Energy Prices
Published June 2, 2022 765 Views
Food and Energy prices have risen steadily from January 2021 through May 2022. Over that 17-month period, the direct cost of food and energy has increased by 22%, which has been a huge driver of inflation. That 22% increase means it is a larger share of total consumer spending. As of March, it stood...
Read More
Introducing Rialto Wealth Management
Published May 17, 2022 1115 Views
In Shakespeare’s The Merchant of Venice, it was asked, “What news on the Rialto?” now finally there’s an answer. Welcome to Rialto Wealth Management! The founding partners, Ed Barno, Mike Antonacci, and Ethan Gilbert are excited to draw upon their combined over sixty years of work in the financia...
Read More
Rialto Wealth Management is a fee-only, fiduciary, advisory firm based in Syracuse, NY. From financial planning to investment management, we help families across New York and beyond. We can be reached by phone at (315) 992-9129 or via email through our website’s secure and confidential contact page.