The Fed Says Lower for Longer

Cameron Hamilton

Weekly Update

The Fed will be more tolerant of inflation in hopes of maximizing employment The Fed will continue aggressive asset purchases and low rate targets The Fed believes that additional Federal stimulus is necessary for recovery Rates will not be increased until 2023!  This was the takeaway headline we heard repeated ad nauseum last week in … Continued

Summary of Recent Presidential Memoranda and Executive Orders

Frank Yozwiak

Weekly Update

As we at Ballast have done throughout the year, we want to continue to give updates on some of the goings-on related to the Coronavirus – especially those with financial effect.  In that context, earlier this month, President Trump signed several presidential memoranda and executive orders with the stated goal of providing some economic relief … Continued

How Unemployment Insurance Works

Cameron Hamilton

Weekly Update

Unemployment systems are not designed to withstand a year like 2020 Unemployment claims this year are 10x higher than previous highs Unemployment insurance funds are being depleted at the state level Business owners will likely pay the shortfall in future years without reform The all-time chart of unemployment claims will need to be remade after … Continued

How Uncertainty is Changing Consumer Behavior

Brian Burton

Weekly Update

This pandemic has presented new and continuously evolving challenges for all of us, and it appears these uncertainties are likely to last for some time. Nearly all sectors of the global economy have felt some level of pain, forcing businesses both big and small to adapt in order to survive. One specific area where we … Continued

Evaluating Pension Options

Cameron Hamilton

Weekly Update

Each year we are seeing fewer workers covered by a company pension plan. Overwhelmingly, companies are trending away from the traditional pension – a defined benefit, to a defined contribution plan like a 401k. By and large employers have decided that guaranteeing a retirement income is too expensive. If you are lucky enough to be … Continued

Why am I an Investor?

Andy Reynolds

Weekly Update

Investing is not a get-rich-quick-scheme, but rather an infusion of cash into a company that provides a service or product with the goal of accelerating the growth of the company over time. Ultimately, nearly all investors are trying to grow wealth to increase their net worth, to keep up with inflation and maintain a withdrawal … Continued

Introducing the Stump Ballast Challenge

Cameron Hamilton

Weekly Update

Our firm was founded with a simple vision: build a team we would want to take care of our own families. This principle informs every decision we make, both in our daily conversations as we guide clients, as well as in our long-term strategic planning as a firm. Over the years, we have continually sought … Continued