Virginia’s Tax Workaround for Business Owners
At Canal Capital Management, we provide objective guidance and disciplined investment management for our clients. Importantly, tax strategies are a part of every decision we make. A topic we have been discussing with business owner clients is related to recent...
Commentary on Russia and Ukraine Conflict
Russia’s decision to invade Ukraine has dominated the headlines in recent weeks. We are saddened to see the impact on the innocent lives involved in this crisis. This is obviously a very fluid situation, and we are evaluating all developments closely.Stocks could be...
Open for Business, but Closed to Easy Money
Despite some end of year volatility, major indices rallied during the 4th quarter, with the S&P 500 up 11% and the Dow up 8%. For the full year, the S&P 500 was once again the best performer of the major world indices, returning 26.9% and recording 70 new...
End of the Road?
The 3rd quarter managed a slim profit despite a pullback of over 5% from the market high on September 2nd. Stocks, as measured by the S&P 500, have returned nearly 15% through the first three quarters of the year. We went 211 trading days without a 5% correction,...
1031 Tax Exchange
With significant gains in real estate over the past 10 years, and interest rates at historical lows, diversifying real estate holdings via a 1031 exchange remains an attractive strategy for many investors. Click HERE to read more.
Canal Capital Named to Inc. 5000
Canal Capital Management is pleased to announce that we have been selected to the Inc. 5000 list for 2021, our fourth year in a row. This is an annual ranking that consists of the fastest growing private companies in America. Canal came in ranked at number 4,723, and...
2021 Looking Past the Pandemic
We spent many hours at the end of 2019 trying to figure out what could derail one of the greatest markets in history. Most investors’ biggest concern going into 2020 was the upcoming election and what a potential change in...
Congress Passes Additional COVID-19 Relief
On Monday, December 21, 2020, Congress passed an additional COVID-19 package that contains $900 billion worth of economic relief for numerous government programs across the US, loans for small businesses, vaccine distribution, and a second round of stimulus...
Canal Capital Management has been named to RIA Channel’s Top 50 Emerging RIA list for 2020
We are pleased to announce that Canal Capital Management is a part of the 2020 RIA Channel Top 50 Emerging RIA List. RIA Database® has been producing Top Advisor lists for Forbes for over 10 years. The Emerging RIA list recognizes growing firms under $500 million in...
Listen to our Oct. 2020 webinar on Estate and Tax Planning for a possible Blue Wave.
https://zoom.us/rec/share/psobe-vBd6xkfljgPp0rFqAN_361l9CS0NIUelIxb0DMFjfZ0Dq9cU6dQOsCIwmy.uE1egBSYX_kRS-zJ