2019 Investment Outlook
What a difference a year makes! The largest drop in 2017 was less than 3%, while 2018 experienced the largest drop since 2009 at nearly 20%. In 2017, December saw near record highs while December of 2018 was the worst on record (except 1931, The Great Depression);...
Year End Tax Planning
With only six weeks left in the year, we outline two planning strategies that may be relevant for you in 2018 following the 2017 Tax Cuts and Jobs Act (TCJA) - both are related to Charitable Donations and could yield significant tax savings. Please click here to read...
Storm Clouds
Despite what some people may say, no one really knows the exact reason as to why the market has pulled back so ferociously, but what we do know is that in any given year, the market normally has 3 drops of over 5%. This is the 2nd drop this year after zero in 2017. In...
How to Handle a More Volatile Market
"Everyone has a plan until they get punched in the mouth." -Mike Tyson While we are bullish in the short term, we remain cognizant of where we are in the cycle and are preparing ourselves for what a down market may bring. Having a plan in place beforehand helps...
Qualified Opportunity Zones in Virginia
Tax-Deferral Opportunity on the Sale of Low-Basis Assets: Are you considering selling stock, real estate, or a business that has substantially appreciated in value? Are you concerned with the capital gains tax that will accompany those sales? The December 2017 Tax...
Where Do We Go From Here?
Successful investing is often determined by one's ability to stay the course. Since 2009, investors have had every excuse to bail out of stocks, but the market has continued to climb a wall of worry, becoming one of the longest bull markets in history. In fact, since...
Canal named Top 100 Emerging Wealth Manager
Canal Capital Management was recently named by RIA Channel to the list of Top 100 Emerging Wealth Managers for 2017. This year’s unique ranking showcases wealth management firms from $100 million to $500 million in assets under management as of October 31, 2017 that...
Outlook 2018 – Going Global!
“The world is a book and those who do not travel read only one page” – Saint Augustine At Canal Capital, we echo the sentiment of Saint Augustine, not only in life but also in investing. Those investors that take a myopic approach and only invest in the US, are...
December 2017 – Tax Cuts and Jobs Act
We are increasingly expectant that major tax legislation will become law as Republican leaders have indicated that after the latest round of quick negotiations, they have arrived at an agreement – the Tax Cuts and Jobs Act. We have been following the plans closely...
The “Tax Cuts and Jobs Act”
November 3, 2017: Yesterday House Republicans released details of the “Tax Cuts and Jobs Act” (link: Tax Bill). The plan calls for steep tax cuts in business tax rates, an eventual repeal of the estate tax, a reduction in the number of individual income tax...