Womack Investment Advisers

What is the number one financial regret of Americans?  According to personal finance website Nerd Wallet, it turns out that roughly 71% of Americans express regret about their ability to manage their money.  First on the list was not planning early enough (48%), followed by too much spending on non-essentials (39%), credit-card debt (33%), and not having a budget (32%).  While baby boomers led in the way in the "not planning early enough" category, Generation X and millennials were tied in regretting spending on non-essentials.

Womack Weekly Commentary October 30, 2017 The Markets The last full week of October was a box full of surprises. First, U.S. economic growth exceeded expectations. The devastation wrought by Hurricanes Harvey, Irma, and Maria was widely expected to stifle U.S. quarterly growth, according to NPR . The Atlanta Federal Reserve predicted 2.5 percent gross domestic product (GDP)* growth for third quarter, down from 3.1 percent the previous quarter. Instead, U.S. GDP grew by 3.0 percent. In fact, productivity has been flourishing around the globe. The Financial Times reported: “…activity has again broken upwards in recent weeks, with growth in the advanced economies close to the highest rates seen since before the Great Financial Crash (GFC), apart from in the immediate recovery phase in 2010. Furthermore, world trade volume has now joined the recovery, and corporate expenditure on jobs and machinery is picking up. Overall, it seems that some of the sympto...