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J. Michael Stolp

J. Michael Stolp is Managing Member of CFO Solutions LLC, founded by Michael in 1991. CFO is a registered investment advisory and boutique financial planning firm with corporate offices in Scottsdale, Arizona. He is based and resides in Scottsdale. CFO specializes in the unique planning needs of doctors, other professionals, and small business owners, and the economic issues facing them.

Keep Your Money Safe for Retirement! You’ve worked hard. You’ve earned your savings. Don’t lose it all now on risky investments. We can help you keep your money safe and create the retirement you want, when you want it. We charge no commissions, and no client of ours has ever lost a dime who followed our risk averse philosophy. Contact one of our CFO Financial Advisors today and find out how.

At CFO Solutions, we hear the following comments all the time, “I wish I would have started this process earlier in my life”, and “I wish I would have heard about you sooner”. It’s never too late, but when it comes to preparing for the future, the sooner you start the better. An earlier start will allow your investments more time to earn and mature.

Healthy retirement planning depends on asset allocation rather than on the performance of one single investment. For this reason, we recommend that you spread your investment capital around. However, don’t just spread your savings for the sake of diversification. Be sure your investments are safe and thoroughly discussed with a professional.

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A strong majority of Americans say the U.S. economy is running strong, and most believe the upward trend will continue under President Trump, according to a Harvard-Harris poll provided exclusively to The Hill.The survey found that 61 percent view the economy as strong, against 39 percent who say it is weak.A plurality, 42 percent, said they believe the economy is on the right track, versus 39 percent who said it is on the wrong track.

Source: Americans brimming with optimism on the economy | TheHill

‘We’re going to be announcing something I would say over the next two or three weeks that will be phenomenal’

Source: Trump: ‘Phenomenal’ Tax Cut Package Coming in 2-3 Weeks :: Grabien News

Club For Growth founder Stephen Moore reacted to reporting that since President Trump was elected, the stock market gained $2 trillion in wealth.

Source: Economist: Stock Market Gained $2T in Wealth Since Trump Elected | Fox News Insider

President Donald Trump is expected to sign an executive order as early as Monday stating his intention to renegotiate the free trade agreement between the United States, Canada and Mexico, a White House official told NBC News. Eliminating the North American Free Trade Agreement (NAFTA), which was crafted by former President Bill Clinton and enacted in 1994, was a frequent Trump campaign promise. The deal was intended to eliminate most trade tariffs between the three nations, increase investment and tighten protection and enforcement of intellectual property.

Source: Trump to sign executive order to renegotiate NAFTA and intent to leave TPP

U.S. supermarket operator Kroger Co said on Monday it would fill 10,000 permanent positions in its supermarket divisions. Kroger, which had about 431,000 full- and part-time employees as of Jan. 30, 2016, also said its total active workforce grew by more than 12,000 in 2016. The world’s No. 1 retailer Wal-Mart Stores Inc said last week it would create about 10,000 jobs in the United States this year, as President Donald Trump puts pressure on companies to hire more U.S. workers. Companies such as General Motors Co and Amazon.com Inc have also announced plans to add jobs in the United States. German drug and chemical maker Bayer AG, which is awaiting approval to buy U.S. seeds company Monsanto Co for $66 billion, said last week it would maintain more than 9,000 jobs in the United States and add 3,000 new U.S.-based high-tech positions.

Source: Supermarket operator Kroger to fill 10,000 permanent posts | Reuters

China has ordered the closure of a sixth of the country’s golf courses since 2011, its top economic planner said, in an ongoing crackdown on a sport controversial for its links with wealthy elites. China’s ruling Communist Party has an ambivalent relationship with golf. Local authorities have profited from selling land for courses, but they are seen as venues for shady dealmaking between elites and politicians. Central authorities ordered a nationwide freeze on new golf courses in 2004, which was largely ignored.

Source: China orders more than 100 golf courses shut: govt | Daily Mail Online

Foxconn, the world’s largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7 billion, company chairman and chief executive Terry Gou said on Sunday. The plans come after U.S. President Donald Trump pledged to

Source: Foxconn CEO says investment for display plant in U.S. would exceed $7 billion

Optimism among America’s small businesses soared in December by the most since 1980 as expectations about the economy’s prospects improved dramatically in the aftermath of the presidential election.

Source: U.S. Small-Business Optimism Index Surges by Most Since 1980 – Bloomberg

The Commerce Department said that construction spending increased 0.9 percent to $1.18 trillion, the highest level since April 2006.

Source: Construction spending in Nov. 2016, ISM manufacturing in Dec.

Ford cancels plans to build a new plant in Mexico. It will invest $700 million in Michigan instead, creating 700 U.S. jobs. In exclusive interview with CNN’s Poppy Harlow, Ford CEO Mark Fields says it’s a “vote of confidence” in Trump.

Source: Ford cancels Mexico plant. Will create 700 U.S. jobs in ‘vote of confidence’ in Trump – Jan. 3, 2017

Former U.S. Treasury Secretary Lawrence Summers said investors are being far too sanguine about the risks associated with Donald Trump’s incoming administration.

Source: Summers Says Markets Underestimating Risks of Trump Presidency – Bloomberg

NEW YORK (Reuters) – The U.S. dollar index dipped after hitting a near 14-year high on Wednesday while oil prices swung in a volatile session as traders were caught between a build in U.S. stockpiles and the chance of an output cut.Declines in bank stocks more than offset gains in the technology sector on Wall Street. The S&P 500 had ended on Tuesday at a 10-week high while the Dow industrials set a record close, fueled by a post-U.S. election rally.”We had a pretty sharp rally off the election and it was pretty impressive, but it seems pretty clear to me that sort of emotional reaction, if you will, is now long off,” said Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas.The dollar has surged in the past week, tracking Treasury yields higher on the expectation increased U.S government spending could trigger higher inflation.

Source: Dollar hits 14-year high; oil dips in choppy trade

LONDON (Reuters) – European stocks rose on Thursday following extraordinary gains in Asia and the United States, as exuberance shot through markets and reversed initial dives in reaction to Donald Trump’s U.S. presidential victory. Investors focused on Trump’s priorities – including tax cuts and higher infrastructure and defense spending, along with bank deregulation – and set aside for the moment longer-term worries about whether he will slap punitive tariffs on Chinese and Mexican exports, risking a global trade war. European stocks hit a two-week high, with the pan-European STOXX 600 index up 1.3 percent in early dealings, and “safe haven” government bonds sold off after Trump suggested he would spend billions on infrastructure. This marked an abrupt change from the sharp recoil on markets on Wednesday after the Republican candidate’s triumph. Investors saw signs that Trump will ditch the budget austerity policies that Western governments have pursued since the 2008 global financial crisis after he takes over in January. “Trump’s speech following the victory was hugely influential in yesterday’s sudden U-turn, as he focused more on unity and the need to spend to get the economy growing again. These policies combined with his desire to deregulate and lower taxes are all very market-friendly,” said Craig Erlam, senior market analyst at OANDA.

Source: Investors exuberant as Trump signals shift from austerity era

That didn’t take long. An overnight panic in global markets evaporated as Wall Street gave an emphatic welcome to President-elect Donald Trump. The Dow soared 257 points and brushed up against lifetime highs on Wednesday, in defiance of those who predicted Trump’s election would bring about a plunge in the stock market. The S&P 500 and the Nasdaq rose 1.1% apiece. The impressive market performance represents a dramatic reversal from the knee-jerk panic in global markets overnight as the results were coming in. Dow futures plummeted nearly 900 points at one point as investors expressed fear that no one would emerge victorious and concern about the inherent uncertainties brought on by a Trump White House.

Source: Wall Street welcomes Trump with a bang – Nov. 9, 2016

The election of Donald Trump as the next U.S. president was met with disbelief and despondency on Wednesday among some United Nations officials and diplomats amid uncertainty surrounding his foreign policy and likely engagement with the world body. Trump, a Republican, has described the 71-year-old United Nations as weak and incompetent and threatened to pull out of a global deal to combat climate change – a cornerstone of the legacy of U.N. chief Ban Ki-moon, who steps down at the end of 2016 after serving two five-year terms as secretary-general. “The United Nations is not a friend of democracy, it’s not a friend to freedom, it’s not a friend even to the United States of America,” Trump said during a speech in March to the American Israel Public Affairs Committee.

Source: Disbelief, questions at United Nations after Trump victory | Reuters