Bill Schmick

New York

Philanthropy and Marketing Coordinator at The Berkshire Eagle

Award-winning columnist and money manager with over 33 years of financial experience providing advice to retirement community worldwide.

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Articles

June should be a good month for stocks — but watch out for July

2 days ago | berkshireeagle.com | Bill Schmick

Stocks should climb a bit higher this month. The next round of tariffs is not due to be levied until July nor will Trump’s "big beautiful bill" be passed until then. That gives investors some breathing room to book some gains. The first-quarter earnings season is just about over. Overall results have beat estimates by 6 points, with 79 percent of companies delivering an upside earnings surprise.
The Retired Investor: Has the Real Estate Market turned?

3 days ago | iberkshires.com | Bill Schmick

Home About Archives RSS Feed iBerkshires columnist 04:29PM / Thursday June 05, 2025 Home prices have been climbing for years, but the pace of that growth is beginning to cool. That may be good news for some buyers, but relatively few Americans can still find a place they can afford to buy.
Rising beef prices this summer may chill your grill

5 days ago | berkshireeagle.com | Bill Schmick

The American tradition of firing up the backyard grill for a barbecue among friends and family is upon us. However, this year’s record high prices for beef, brought on by generational lows in cattle inventories, make serving up steaks and hamburgers a budget-busting event. A look at cattle futures on the Chicago Mercantile Exchange reveals what we can expect in terms of price increases this summer. Over the last month, live cattle futures have hit a record high of $2.18 a pound.
Stocks go nowhere fast

1 week ago | berkshireeagle.com | Bill Schmick

Equities remained on hold this week but managed to produce gains for the month. Tariff news dominated the tape, while the quarterly earnings results supported the market overall. Thanks to strong earnings from Nvidia and a federal court decision against reciprocal tariffs. It was a Mr. Myagi kind of week as tariffs off, tariffs on ping-ponged through the federal court system while global markets reacted in kind.
@theMarket: Stocks Go Nowhere Fast

1 week ago | iberkshires.com | Bill Schmick

Home About Archives RSS Feed iBerkshires columnist 02:41PM / Friday May 30, 2025 Equities remained on hold this week but managed to produce gains for the month. Tariff news dominated the tape, while the quarterly earnings results supported the market overall. Thanks to strong earnings from Nvidia and a federal court decision against reciprocal tariffs.
The Retired Investor: Rising Beef Prices This Summer May Chill Your Grill

1 week ago | iberkshires.com | Bill Schmick

Home About Archives RSS Feed iBerkshires columnist 05:47PM / Thursday May 29, 2025 The American tradition of firing up the backyard grill for a BBQ among friends and family is upon us. However, this year's record high prices for beef, brought on by generational lows in cattle inventories, make serving up steaks and hamburgers a budget-busting event.
Trump tariff escalation sinks markets - again

2 weeks ago | berkshireeagle.com | Bill Schmick

On Friday morning, President Donald Trump decided to ruin investors' Memorial Day holiday weekend by threatening Apple with 25 percent tariffs on foreign-made iPhones and 50 percent tariffs on Europe. Stocks sank worldwide in response. Whether the president will carry through on his threats remains to be seen. His track record for implementing such actions in the recent past has been spotty at best.
The Retired Investor: Pope Leo and the Business of the Vatican

2 weeks ago | iberkshires.com | Bill Schmick

Home About Archives RSS Feed iBerkshires columnist 04:36PM / Thursday May 22, 2025 As Pope Leo takes control, the church's financial health will be high on his agenda. The Holy See, which is the governing body of the Vatican, is also the business arm of the Catholic Church. The Vatican is audited by the Office of the Auditor General, which was established in 2014 by Pope Francis.
Fraught finances of the Vatican's Holy See

2 weeks ago | berkshireeagle.com | Bill Schmick

As America's Pope Leo XIV begins his reign at the head of the world's smallest country, this Catholic sovereign city-state's financial and economic challenges wait to be addressed. It may take more than American ingenuity to accomplish that. Located in Rome, the Vatican encompasses 110 acres with a population of under 1,000 souls.
As tariff fears abate, traders look warily to the House reconciliation bill

3 weeks ago | berkshireeagle.com | Bill Schmick

The 90-day reprieve on tariffs has given markets a boost. This week, equity indexes briefly turned positive for the year. Are there more gains ahead? Further upside in stocks is dependent on the next moves out of Washington. For now, tariff fears are on the back burner. Fewer tariffs imply less of a hit on the economy. That has convinced many brokers and money managers to backpedal on their recession predictions.