November 2024 Newsletter
This big picture graph reminds us that life is not a long term graph. We live our years day by day. You invest according to your age and life stage. Career workers keep on accumulating. Retirees balance participation and protection as they distribute for income.
Many well-known strategists agree to continued strength for the near term but anticipate changing tides ahead. They conclude based on their proprietary methodologies and data. Here is a sampling of names you know.
Warren Buffet – “The Buffett Indicator, also known as Market Capitalization to GDP Ratio is a long-term valuation indicator for stocks that has become popular in recent years. Warren Buffett's substantial cash reserves is a potential indicator of market turbulence ahead.” 1
Bill Gross, former Bond King and Co-founder of Pimco - "We're not in a bear market, but this isn't the same bull market". Gross states, predicting that equities will yield " low but positive" returns moving forward. 2
Goldman Sachs - Goldman Sachs predicted annualized returns for the S&P 500 could drop to 3%/yr over the next 10 years. 3 US stocks are unlikely to sustain their above-average performance of the Goldman Sachs Group Inc. strategists said. 4
Be calm. Our tactical strategists are flexible and adaptive as conditions change. Their methodologies draw from a variety of asset classes as the world turns. Realistically, methods require data. Strategists will not likely reap the peak of US growth stocks and they won’t dive to the depths. Our goal is a health ride down the middle. Professional due diligence is an ongoing process to keep the methods transparent and verified.
Prepare for change that will eventually show by reviewing the methodologies of your investment strategies. Visit with us at the office, via zoom or a structured phone call.
1 and 2 The Wealth Advisor, Investor Bill Gross Questions The Market's Sustainability, October 10, 2024
3 Business Insider, 4 charts Goldman Sachs is watching as it predicts an era of weak stock returns ahead, Jennifer Sor. Oct 28, 2024
4 Bloomberg News, Decade of Big S&P 500 Gains Is Over, Goldman Strategists Say, Sagarika Jaisinghani 10/22/24
Osaic transition continues with advisor training – With origins in 2003, Advisors Group came into being as Osaic Wealth, Inc in 2023 as a digitally integrated broker-dealer platform and is now populating with investment groups and clients. The client and advisor investment strategy will be processed online from start to finish. Clients and advisors will spend more time in front of a screen together or remotely per your choice in documenting rational, signing documents and receiving delivery online or physical mail. Clients will find more costs for physical deliveries of statements, prospectuses, proxy voting and other communications…
(Think first class stamps at $.73 and 15 page statements.)
Call or text 585 586-5640 (J) or 585-586-5641 (K) any time you want clarification.
Issues of Longevity: Senior Mover
Priscilla and team provide focus and function as people downsize their lifetime family accumulations to efficient living in new surroundings. She moves, donates, auctions and trashes as is appropriate so that clients live well and community benefits. She has 10+ years of experience in this field, is award winning and is skilled in American Sign Language (ASL). Keep this in mind to benefit those in your circle of care. Visit yourbestmoveny.com for services and contact information.
Happy Halloween and Dias d los Muertos!!
See the animated film, Book of Life for seasonal fun and a hint of insight into the beloved presence of skeletons in Mexican culture.