2021 What A Year So Far

Wow… year-end 2021 is fast approaching. As if 2020 was the year we all wanted to turn the page… it is deja vu all over again in 2021. BUT a positive spin can still be put on year-to-date 2021, especially with respect to market returns.

It may be too early to say that stock market gains, to date, have been better than decent in 2021. From the US small-cap index up 12%, to large-cap S&P 500 up 22%, to Nasdaq up 19%, to the Dow Jones up 13%, these are all solid year-to-date returns.

Take the time before year-end to evaluate portfolio gains and asset allocation.

Continue reading “2021 What A Year So Far”

Quick 1Q Wrap-Up

In the interest of the upcoming Easter and current Passover holidays today’s edition will be quick. Similar to the 1st Quarter of 2021 which seemed to FLY BY!

Market – and my clients’ portfolio – performance was strong to start the year. There is caution in the air, however, as 10-year US Treasury yields climbed to levels not seen since early 2020 before the pandemic began. The swiftness of the rise in bond yields warrants caution in the overall stock and bond markets.

The swiftness of the rise in bond yields warrants caution in the overall stock and bond markets.

Continue reading “Quick 1Q Wrap-Up”

Happy 10th Anniversary?

“10th Anniversary of what?” you may ask. Well, it appears you are not the only one in a state of ignorant bliss – no offense intended! I thought it may have been a bigger deal in the news, but very little has been written or reported about this 10-year milestone.

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Photo by PhotoMIX Ltd. on Pexels.com

Newsflash: Things are (mostly) GOOD in the economy, businesses and peoples’ financial lives in the US these days. Don’t take my word for it. Just this week The Wall Street Journal ran an article leading with: “The job market doesn’t get much better than this.”* The title of the article was, “Inside the Hottest Job Market in Half a Century.” Wages on average in the US are rising modestly after “long-term stagnation” (their words not mine), and unemployment is the lowest in 50 years – with women experiencing some of the greatest gains in workforce participation.

BUT – it was 10 years ago this weekend on March 9, 2009 that the US stock market hit its low, with the S&P 500 index ominously touching 666, only to settle around 2750 this week. Ten years ago, the US (and global) economy was in “The Great Recession” and it was ugly. But then, yes, the S&P 500 took its time and has risen in value over four (4) times in roughly 10 years. There have been a few bumps – amidst higher interest rates – but stocks in the US and globally are materially higher which has created and grown wealth along the way. Continue reading “Happy 10th Anniversary?”

Onward to Tax Year 2018

Did you finish your taxes? Technically you have until Tuesday, April 17th to file – and pay if you owe – because of Emancipation Day in Washington, DC on Monday, April 16th AND a Sunday being April 15th.

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Last year was bitter-sweet for taxpayers and investors. The stock markets enjoyed gains, gains, gains in 2017 – almost the 9th year in a row – and the economy delivered mostly good things in the way of jobs and incomes. There are always exceptions, of course, but 2017 was mostly a great year economically and investments-wise. So even though you probably paid more in taxes and likely had less investment losses to offset gains, it was a positive year. Remember, rebalancing your portfolio is a critical tool but one that can create taxable gains — and an attentive, qualified adviser will guide you to minimizing inevitable taxes on a profitable portfolio. Continue reading “Onward to Tax Year 2018”