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And they definitely shouldn’t let politics upend their long-term financial plans. Because historically, financialmarkets have rewarded investors who stay the course. stock market has gone up over time—regardless of who is running for office. Yes, the market hates uncertainty, including political ambiguity.
Additionally, there was a notable increase in GST collections for January 2024, rising by 10.4% Meanwhile, global markets showed varied responses, with the US markets experiencing a downturn on Wednesday. India’s Real GDP is projected to grow by 7.3% to exceed ₹ 1.72 lakh crore, reflecting vigorous economic activity.
Petersen, CPA, CFP ® , CP, Affluent Wealth Planning The holidays are upon us! That must mean it’s time to roll up my sleeves and get to work on year-end financial planning – with an emphasis on 2023 income tax. This excludes financialmarket changes in the value of our investments, which we track separately.
Jerome Powell, the Federal Reserve Chairman has been paying attention to these statistics, as evidenced by the central bank’s forecast at the Fed’s recent policy meeting last month on December 13 th for three interest rate cuts in 2024. This new bull market had a great start in 2023, but in historical terms, it is only a baby.
And they definitely shouldn’t let politics upend their long-term financial plans. Because historically, financialmarkets have rewarded investors who stay the course. stock market has gone up over time—regardless of who is running for office. Yes, the market hates uncertainty, including political ambiguity.
As part of the new rules, non-spouse beneficiaries inheriting a pre-tax retirement account after 2020 must drain the account within 10 years (and potentially take RMDs within that time also, though further guidance is expected in 2024). This way you won’t be out of the market or incur additional transaction costs.
Source: TradingEconomics.com Inflation Moving in the Right Direction After such a lousy 2022 in the financialmarkets, why such a searing return for 2023? In fact, investors are currently betting for multiple interest rate cuts in 2024. Slome, CFA, CFP® Plan. www.Sidoxia.com Wade W.
Slome, CFA, CFP® Plan. This article is an excerpt from a previously released Sidoxia Capital Management complimentary newsletter (August 1, 2024). Rather than getting caught up in a fool’s errand, make sure your investment portfolio is diversified and built to withstand volatile rotations. www.Sidoxia.com Wade W.
To put this AI wave into perspective, you need look no further than to the comments made by Meta CEO Mark Zuckerberg, who stated by the end of 2024, the company should have 350,000 of NVIDIA’s H100 graphics processing units (GPUs) as part of the company’s AI infrastructure. Slome, CFA, CFP® Plan. www.Sidoxia.com Wade W.
Michael Kitces Reason to Follow: Unparalleled insights and thought leadership in financial planning and wealth management Michael Kitces, a legend among financial advisors, is an industry name who needs no introduction. You can check out his podcast and books for more info. You can connect with Samantha on LinkedIn here.
Michael Kitces Reason to Follow: Unparalleled insights and thought leadership in financial planning and wealth management Michael Kitces, a legend among financial advisors, is an industry name who needs no introduction. You can check out his podcast and books for more info. You can connect with Samantha on LinkedIn here.
We’ll see if there is any gravy left for investors during the last month of the year, but so far 2024 has been a satiating feast that has stuffed investors. But 2024 has been a blockbuster year and there has been plenty to be thankful for, especially the performance of the U.S. stock market. Slome, CFA, CFP® Plan.
The general consensus among industry experts is that housing inventory could get back to pre-pandemic levels by the end of 2024. All that being said, timing the housing market is a bit like timing the financialmarkets. The post 2023 Housing Market: Selling a Home This Year appeared first on Your Richest Life.
The race into 2024 has begun, and the U.S. market is off to a quick start. The bull market rally broadened out at the end of 2023, but 2024 returned to the leaders of last year’s pack, the Magnificent 7 (see also Mission Accomplished ). Slome, CFA, CFP® Plan. www.Sidoxia.com Wade W.
If the stock market was a patient, its 2024 checkup would produce a large smile. Coming into 2024, most pundits were calling for a series of seven interest rate cuts by the end of the year. Slome, CFA, CFP® Plan. Why so happy? Because the S&P 500 index is up a healthy +5.6% www.Sidoxia.com Wade W.
It’s been a sweltering summer but not yet too hot for investors to get roasted out of the stock market kitchen. Slome, CFA, CFP® Plan. This article is an excerpt from a previously released Sidoxia Capital Management complimentary newsletter (September 3, 2024). www.Sidoxia.com Wade W.
The monthly gains are adding to a 2024 that is shaping up to be a potentially banner year. Slome, CFA, CFP® Plan. This article is an excerpt from a previously released Sidoxia Capital Management complimentary newsletter (October 1, 2024). So far, the adrenaline is doing its job. www.Sidoxia.com Wade W.
Samantha was also a finalist in the 2024 Wealthies. ( The Wealthies are prestigious awards in the financial industry, honoring outstanding achievements by companies, organizations, and individuals that support financial advisor success.) Join her over 42,000 followers on LinkedIn. Learn more about Caleb on LinkedIn.
Uncertainty is generally petrifying to investors, resulting in downward pressure on stock prices, but with less than a week until election day, the stock market is providing more treats than tricks. Slome, CFA, CFP® Plan. For the month, investors experienced modest declines as they braced for the election results.
Despite the short-lived bear markets, stock prices have appreciated more than 30x-fold since the end of World War II. Source: Yardeni.com 2024 Predictions There were plenty of pundits and talking heads who falsely predicted a recession in 2024, but the odds certainly worked in investors favor. Slome, CFA, CFP Plan.
Slome, CFA, CFP® Plan. This article is an excerpt from a previously released Sidoxia Capital Management complimentary newsletter (April 1, 2024). The way things look now, investors are wiping their feet on the welcome doormat and ready to walk right in. www.Sidoxia.com Wade W. Subscribe Here to view all monthly articles.
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