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Ed Meek
CEO/Investment Advisor

Edge Portfolio Management

City:Winfield

State: IL



BIOGRAPHY:
At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, playing and following basketball, playing golf, and participating as an advisory board member for Breakthrough Urban Ministries.

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Small Business Confidence Reaches a Year High

"Two good months don’t make a trend, but we can’t have a trend without them, so it’s a start.”

| BY Donald Liebenson

Expectations for the economy to improve drove the National Federation of Independent Business Small Business Optimism Index to its second highest reading since May 2012, the NFIB reported Tuesday.

The Index increased 2.3 points in May to 94.4. This is the second consecutive month in which the Index has posted gains.

Nine out of 10 components that comprise the Index increased, most notably Expect Economy to Improve, which gained 10 points to -5 percent, but Plans to Increase Employment declined  (1 percent) for the first time since last November.

“Small-business confidence rising is always a good thing, but it’s tough to be excited by meager growth in an otherwise tepid economy,” NFIB chief economist Bill Dunkelberg said in a statement. “While the stock market sets records, GDP posts mediocre growth. The unemployment rate remains in the mid-7s and it is departures from the labor force—not job creation—that is contributing to its decline when it does fall…

Expectations for the economy to improve drove the National Federation of Independent Business Small Business Optimism Index to its second highest reading since May 2012, the NFIB reported Tuesday.

The Index increased 2.3 points in May to 94.4. This is the second consecutive month in which the Index has posted gains.

Nine out of 10 components that comprise the Index increased, most notably Expect Economy to Improve, which gained 10 points to -5 percent, but Plans to Increase Employment declined  (1 percent) for the first time since last November.

“Small-business confidence rising is always a good thing, but it’s tough to be excited by meager growth in an otherwise tepid economy,” NFIB chief economist Bill Dunkelberg said in a statement. “While the stock market sets records, GDP posts mediocre growth. The unemployment rate remains in the mid-7s and it is departures from the labor force—not job creation—that is contributing to its decline when it does fall… Two good months don’t make a trend, but we can’t have a trend without them, so it’s a start.”

Since May 2012, the Index Optimism Index has been higher in only three months, each time by less than 2 points, the NFIB said.

Taxes (24 percent), government regulations and red tape (23 percent) and poor sales (16 percent) are the three most important problems facing small businesses, survey respondents said. There is more concern about taxes and regulations and red tape than there was one year ago, while there is less concern about poor sales.

In other findings:

·         Nearly half of small business owners (47 percent) hired or tried to hire in the last three months and 38 percent reported few or no qualified applicants for open positions.

·         The net percent of all owners  reporting higher nominal sales in the past three months compared to the prior three months was unchanged at a negative 4 percent, the best reading in nearly a year.

·         The net percent of owners expecting higher real sales volumes rose 4 points to 8 percent of all owners.

·         Eight percent of small business owners characterized the current period as a good time to expand. This is up 4 points from April. The pre-recession mood was an average value of 16 percent.

·         The net percent of owners expecting better business conditions in six months was a net negative 5 percent, 10 points better than April and 23 points better than March.

The May NFIB Small Business Optimism Index is based on the responses of 715 randomly sampled small businesses in NFIB’s membership.

 

 

Since May 2012, the Index Optimism Index has been higher in only three months, each time by less than 2 points, the NFIB said.

Taxes (24 percent), government regulations and red tape (23 percent) and poor sales (16 percent) are the three most important problems facing small businesses, survey respondents said. There is more concern about taxes and regulations and red tape than there was one year ago, while there is less concern about poor sales.

In other findings:

·         Nearly half of small business owners (47 percent) hired or tried to hire in the last three months and 38 percent reported few or no qualified applicants for open positions.

·         The net percent of all owners  reporting higher nominal sales in the past three months compared to the prior three months was unchanged at a negative 4 percent, the best reading in nearly a year.

·         The net percent of owners expecting higher real sales volumes rose 4 points to 8 percent of all owners.

·         Eight percent of small business owners characterized the current period as a good time to expand. This is up 4 points from April. The pre-recession mood was an average value of 16 percent.

·         The net percent of owners expecting better business conditions in six months was a net negative 5 percent, 10 points better than April and 23 points better than March.

The May NFIB Small Business Optimism Index is based on the responses of 715 randomly sampled small businesses in NFIB’s membership.



About the Author


Donald Liebenson

dliebenson@millionairecorner.com

Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.  

A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.