In this Issue: Data needs to settle. Think beyond.
Last cool analogy about 2022
Basic ideas about economy, market, investors
Clark Capital Replay link - debt ceiling discussion
Taking your RMD, Required Minimum Distribution
Centering kids in family values - Movie: Wonder
Considering community living - our elder resources
On our website/On-the-Mark
Helping our community: lamps to Saints Place; sewing machines to SewGreen; sympathy cards to our friends
The market in 2022 was like skiing a mogul field: Bumps, steep and deep with twists and turns all the way down. At the end, you're bruised and exhausted.Enough said about 2022.
Economic data looks backwards. It reports on what happened. Markets think forward, looking for change in trends. Investors are in the moment, driven by fear and greed.
The domestic consumer is key to every economic cycle in the US representing 68% of spending. Consumers spend more freely when they have jobs. Employment is high. Spending is high. Consumer debt is still low.
However, 57% of Americans indicate they would have trouble meeting a $1000 emergency and credit card debt is growing as inflation impacts food and energy.
The economy is a mixed bag, with positive signals like falling inflation and historically low unemployment. There are some worrying ones like still stubborn inflation, rising unemployment figures, consumers continuing to spend robustly, big layoffs in big tech and conflicting labor data.
What's the trend for jobs and what does it mean for recession? The current opinion by many: rigorous recession-low chance; mild recession -biggest bet; no recession- skinny chance. It's about jobs and consumers.
The battle over the Debt Ceiling in today's political environment will create headline noise that will bombard us with fear. It is scary discussion. Fear will heighten volatility. Volatility will heighten fear. This nasty drama will likely flow into summer. Chill with Glenn Dorsey of Clark Capital who discusses the intricacies of the debt ceiling and how it affects the United States' financialoutlook.Click here for a replay of this recent webinar (approx 20 mins of presentation with approx 8 mins of questions.) Build your investor stamina. Hear it here. Hear it again. Share it with others who might find this one more stressor. Call with questions or discussion. All this reminds us that our investment partners navigate on our behalf.
A well known accountant encouraged clients to take their RMD by spring each year. Get it done early. Some people think they will get the benefit of the full year by waiting until Dec. It works if you have a 12% CD but markets are unreliable, rates are low. Have a problem and there can be an difficult dash amidst the holiday season. Die during the year without the RMD withdrawal and leave a natty mess for your executor. Think like Nike.Just Do It!
Wonder (2017) tells the incredibly inspiring and heartwarming story of August Pullman, a boy with facial differences who enters the fifth grade after homeschooling. This film is skillful storytelling from various perspectives. Build skills of compassion against bullying via movie night with family. Roth thumbsup!
Kathy recently accompanied a client to several of Rochester’s independent living communities. If this is a topic that you are mulling and want to hash it over, come forward for conversation. We may add updated information to your knowledge base about living a future chapter. If a potential move involves health complications, we collaborate with trusted specialists who can efficiently steer through local options. These professionals know the details of the communities and the healthcare system. They save time, angst and money. Collaboration with communities resources is part of our value proposition.We help you think through the unexpected.
We have had two truly gentle men recently pass at ages 90+. Both wives mentioned the power of sympathy cards. The reminder of friends, small stories helped the widows feel the connections. Email doesn't deliver the same gesture of sensitive support. A physical greeting card is worth the extra effort.
On the Mark- Opportunity in Growth, Value or Both?On the Mark - Dooming Debt or Deja Vu?Click here to preview these items.Past 3 newsletters are kept for reference.
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Securities offered through American Portfolios Financial Services, Inc.(APFS) Member FINRA /SIPC. Investment Advisory Services offered through American Portfolios Advisors, Inc. (APA), an SEC Registered Investment Advisor. Waterstone Financial Services is not affiliated with APFS and APA.
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