It's been a long, cold winter but if you take a close look you will see the days are staying lighter a little longer every day. Thus, imparting newness and change. The economy is continually showing signs of growth. The consumer index rose to its highest point in 8 months indicating Americans are increasingly confident that better days are upon us. After two years of frugality, Americans are spending again! Credit cards and auto loans are up. Banks are reporting an increase in willingness to make consumer installment loans. The NY Stock Exchange released data showing margin credit(money that investors borrow to buy shares) increased from 233 billion to 276 billion in December, reflecting a sharply higher stock market but also an appetite for borrowing.
General Motors workers will see performance bonuses of 4% to 16% of their base salaries with a small group seeing payments equal to as much as 50%. Disney posted a 54% jump in earnings in the last quarter and McDonald's sales rose 5.3% in January. Dow Chemical reported sharply higher 4th quarter profit this week. AOL earnings rose and GE equipment orders rose 20%. Labor markets are finally healing and unemployment is slowly declining.
It is also time to look at your investment, is it reflecting enough of a positive change? If you don't have a portfolio, this is the time to start one. We are proud to say that our business is continually growing in this challenging economy. Omega Planning Associates is here to provide you with excellent services with Mutual Funds, Annuities, College Funding/Financial Aid, Business Planning, Life Insurance, Disability Insurance, Estate Planning, 403b, Retirement Planning and Will and Trust Analysis. We invite you to come and grow with us as we are experiencing wonderful results for our investment clients. To contact Omega Planning Associates, call:631-689-5900 or visit our website: www.omegaplanning.com