Quarterly Commentary
Since a new year is rapidly approaching, we analyze the current market outlook for 2024. While predictions are often made, we emphasize the importance of not trying to perfectly time the market.
While our quarterly commentary is typically focused on financial markets and the economy, this quarter's commentary is different. More and more over the past few years, our business has become focused on retirees and people who are approaching retirement. With that in mind, we wanted to share some ideas for those of you who are approaching retirement in the next few years.
As market performance continues to be disappointing, we delve into why it is important to learn to be comfortable with being uncomfortable. We take this opportunity to examine some of the positives in our current market position.
Most investors recognize the importance of remaining invested during difficult markets but remaining invested becomes more difficult as markets continue to slide. While our brains say that markets will recover, our emotions—fear, panic, doubt—imagine the worst possible scenario. We dive into this scenario in our third quarter commentary.
The second quarter commentary’s main focus is tax planning. As your financial planning team, we develop and implement strategies to help you legally and ethically avoid overpaying the IRS during retirement.
Since many clients have expressed concern about the current economic and social direction of the United States, we take a step back and look at the historical impact politics have had on the market.
In our final commentary of 2021, we discuss the resiliency of the American market throughout history and present day. We also emphasize the importance of faith and how it impacts our long-term outlook.
Our 3rd quarter commentary is based around client concerns given the ongoing COVID-19 pandemic and its correlation to the market. Times of uncertainty, such as the current economic environment, demonstrate the importance of working with a financial advisor.
During the 2nd quarter of 2021, we continue to closely watch the rise of interest rates and the equity market. While we are currently maintaining our portfolio allocations, we are prepared to make adjustments as needed.
In our 2021 1st quarter commentary, we discuss the impact COVID-19 and the resulting stimulus bills have had on the market and how it led us to adjust our models.