Joltin’ Joe DiMaggio, What Do You Know…How About the Dow Reaching 50,000?

December 23, 2017 | posted in: Blog, Financial Insights | by

Stock Performance from 1926 to Now
Many of you have sat in my conference room and viewed what we in the financial industry call the “Mountain Chart” of market performance.  The chart, courtesy of Morningstar, reveals that since its inception on 12/31/1925, the S&P Composite Index has averaged annual returns of over 10% per year.  I think my Dad, born in 1925, a year before the Mountain Chart begins, would agree with me that 91 years of performance history is a long and significant period for making observations.  Dad still talks about getting ice delivered to his apartment in the Bronx, about accompanying his dad during the Depression as he visited neighbors to collect life insurance policy premiums paid in weekly cash installments, (and getting robbed along the route more than a time or two!) and about how impressed he was watching Joe DiMaggio play center field at Yankee Stadium during his rookie season in 1936. The point is, 91 years is a long time.   Read More  »

Austin Frye Interviewed for Bloomberg Businessweek

December 1, 2017 | posted in: Blog, Financial Insights, In The News | by

Stock Wealth Surges for the Oldest Americans While the Young Miss Out
“Many households reduced their equity investments from 2007 to 2016. Those headed by people 75 and over loaded up.” Interviewed by Jordan Yadoo and Ben Steverman, Austin shared his perspective on why baby boomers’ portfolios are “booming” while younger investors’ may not be.   “Financial advisers say there’s also a particular reason some retirees are choosing stocks now. “There’s a lack of alternatives out there,” says Austin Frye, a financial planner at FryeFinancial Center in Aventura, Fla. Yields on bonds are at near-record lows, while the most generous banks pay savers rates of barely 1 percent per year. As a result, dividend-paying stocks have become popular among seniors because they generate income.   Read More  »

Bruised and Battered, but Not Broken!

September 15, 2017 | posted in: Blog, Frye Happenings | by

Dear clients and colleagues, Hurricane Irma has been deadly for some, simply devastating for others, and somewhat to quite disruptive for the majority of Floridians. Fortunately for my own office, we fall in the somewhat disruptive category.  As I write this, Minerva is on the road returning from Tennessee; Alex is marooned in Cartagena, Colombia, waiting for the next available flight; Sarah just got in from NYC; and Tanya has just returned from Athens, GA. I chose to ride out the storm in my home in North Dade, and experienced many “interesting” and memorable moments.  I am writing this piece to not only share them with you, but also to preserve my memories of the Hurricane Irma adventure that otherwise would be sure to fade with time. So here, in no particular order, are some of my experiences, thoughts and observations. I’m sure many of you out there have had similar and/or you own interesting experiences to write about. I’d love to hear about yours.   Read More  »

Post-Irma Special Edition: We’re Back!

September 15, 2017 | posted in: Blog, Frye Happenings | by

Bruised and Battered, but Not Broken!
Dear clients and colleagues, Hurricane Irma has been deadly for some, simply devastating for others, and somewhat to quite disruptive for the majority of Floridians. Fortunately for my own office, we fall in the somewhat disruptive category. As I write this, Minerva is on the road returning from Tennessee; Alex is marooned in Cartagena, Colombia, waiting for the next available flight; Sarah just got in from NYC; and Tanya has just returned from Athens, GA.   Read More  »

How to Remain Financially Empowered During a Hurricane

September 6, 2017 | posted in: Blog, Financial Insights | by

To remain financially empowered following potential hurricane damage, implement these three planning steps: Review and Update | Gather and Organize | Protect

What, me work? I just retired!

August 8, 2017 | posted in: Blog, Financial Insights | by

Working part time in retirement offers more than just extra income.
Opportunities for socializing, and exercise are among seven reasons why you might want to keep on working! Read more from U.S. News & World Report‘s Emily Brandon here.