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Insightful Articles

Investment Objective and Risk Tolerance Thumbnail

Investment Objective and Risk Tolerance

Risk tolerance is the level of risk of loss you're willing and able to tolerate while pursuing these goals. All investments involve some amount of risk, including the potential for the loss of principal.

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Economic Update - November 6, 2021 Thumbnail

Economic Update - November 6, 2021

There was a lot of market-moving economic news this week. Wednesday, the Federal Reserve ended their two-day meeting and announced their plan to begin reducing asset purchases. Thursday, the Labor Department reported that weekly initial jobless claims fell by 14,000 to 269,000. Friday, The Bureau of Labor Statistics reported that non-farm payroll employment rose by 531,000 in October. Pfizer announced results from their clinical trial of its experimental Covid-19 pill. Former head of the FDA, Dr. Scott Gotlib, said, “By January 4th, this pandemic may well be over, at least as it relates to the United States." Portfolio Model changes in October and November.

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Market Update - 5%+ Correction Thumbnail

Market Update - 5%+ Correction

Monday, September 20th, the S&P 500 sold off 1.7%. It was painful to watch. By Friday, the market recovered the losses and ended the week higher. Market pullbacks can be unpredictable but should be expected. In this chart, we see that since 1980 there have only been three previous years without a pullback of 5% or more. There have not been two years in a row without such a pullback. A drawdown of 5% or more before year-end would be typical. To go the next 15 months without a correction of 5% or more would be a statistical anomaly.

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Charitable Donations Thumbnail

Charitable Donations

Americans have a history of being charitable. According to the Giving USA Foundation's annual report, individuals, corporations, and foundations gave a record $471.44 billion to charities, social causes, and other qualified organizations in 2020. The US tax code encourages charitable giving by providing various income tax incentives to charitably minded taxpayers. Some of the more common tax-favored charitable donation methods are Cash Donations, Qualified Charitable Distributions, and the donation of Long-Term Capital Gain Property.

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June Swoon Thumbnail

June Swoon

In my May 29th client email, I said, "I still expect we may see a Summer Swoon. This isn't unusual between Memorial Day and Labor Day and would not be a cause for alarm." And right on cue, a couple of weeks later, we see a June Swoon. As we get into July, we'll begin to get second-quarter earnings announcements. I expect corporate earnings will continue to be good. Ultimately earnings and earnings expectations are what drive equity prices. Until we get into second-quarter earnings, I expect markets will remain focused on inflation and the Fed. As a result, volatility may continue.

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