AAM Weekly Market Wrap, April 30 2010

April 30 2010

Weekly Market Wrap: An up-and-down volatile week ends with the S&P 500 posting a loss but still up for the 9 of the past 11 weeks.  The stock index finished at 1,187 down 2.5% on the week but up 1.5% for the month of April and up 6.5% for the year.  Gold, Oil and the Dollar all posted gains on the week.  Oil finished at $86.15 per barrel up 1.2%, Gold closed at $1,178 per oz up 2% and the dollar wrapped up the week at $81.81 up ½%

Mortgage rates declined slightly this week. The Schwab Bank 15-year rate is now at 4.56% and the 30-year rate is at 5.21%. These rates are as of 4/30/2010 and assume no points, no origination fee and a $250,000 mortgage.

The Week at AAM:

I met with 2 new prospects this week.  I am looking forward to helping more new clients reach their financial goals and make the most of what they have.

I attended a helpful luncheon seminar hosted my Bolhouse Law and the Grandville-Jenison Chamber of Commerce regarding common problems and mistakes made by business owners.  Now I need to spend some time reviewing my business documents.

I helped a client re-title accounts to fund her trust and avoid future problems with probate.

I met with Susan Anderson with Hi Neighbor to begin marketing to families who move into the greater Grandville area or who add to their families.

I met with my Marketing Team, Night-Cry Graphics, to review their ideas for a new AAM logo.  I will be unveiling it soon!

On a personal note I got to take Zach to the doctor to get his cast off on Friday.  I have been looking forward to that ever since he got it on a little over a month ago.  I also started my Knights of Columbus golf league.  I am hoping the golf starts to improve at some point if I play every week.

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Advanced Asset Management
4555 Wilson Ave SW, Suite 2
Grandville, MI 49418

Phone: (616) 531-5220