After the recent market upheaval, fear of future corrections is motivating some investors to sell. But Weston Wellington thinks corrections are proof that the markets are healthy and functioning normally. He explains the upside of market fluctuations in this Dimensional Fund Advisors newsletter. Many investors will seek advice before making any major changes to their portfolios, but what will that actually cost? Online advisory firm Personal Capital has tallied up the surprising actual costs to clients from across 11 brokerage firms. Concerns about costs and quality of service for elder care are leading more families to geriatric care managers. The New York Times reports on what they do and how they can be helpful to those caring for an older relative.

Should Investors Sell After A Correction?–  The S&P 500 index declined 12.35% from its record high of 2130 on May 21 through August 24.  The upside to this is that U.S. stocks have typically delivered above-average returns for up to five years following 10% or more declines. Looking beyond the U.S., other markets display similar results.  Weston Wellington of Dimensional Fund Advisors explains in this article. Read more…

Report Compares Brokerage Firm Fees–  With fees often disclosed in obscure language, buried in fine print and rarely revealed as a sum total cost to the client, many investors don’t know how much money they are spending over the lifetime of their portfolio on investment advice and management. Online advisory firm Personal Capital examined anonymous data from 155,924 of its users to investigate the true client costs from both advisory and fund-related fees across 11 brokerage firms.  Here are the results from the study. Read more…

Why Hire A Geriatric Care Manager?-  This article in the New York Times explains what a geriatric care manager does and why some people would benefit from hiring one to help with an aging family member. Read more…

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John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller

Disclosure – The articles mentioned in Mid Week with Day & Ennis are for information and educational purposes only. They represent a sample of the numerous articles that the firm reads each week to stay current on financial and economic topics. The articles are linked to websites separate from the Day & Ennis website. The opinions expressed in these articles are the opinions of the author and not Day & Ennis. This is not an offer to buy or sell any security. Day & Ennis is under no obligation to update any of the information in these articles. We cannot attest to the accuracy of the data in the articles.