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Weekly Market Recap – June 5, 2023
The Markets (as of market close June 2, 2023) Stocks began the week on a downturn, but rallied later to end last week higher. Each of the benchmark indexes posted solid weekly gains, led by the Russell 2000, followed by the Nasdaq, the Dow, the S&P 500, and the Global Dow. Investors began the week concerned that the debt ceiling agreement between President Biden and House Speaker McCarthy would not pass the House and Senate. However, both chambers of Congress passed the debt ceiling bill later in the week, removing the risk of government default. In addition, investors may have
Behavioral Finance: Why investors make the decisions they do
“The investor’s chief problem – and even his worst enemy – is likely to be himself.” — Benjamin Graham (1894–1976) Legendary economist and investor Benjamin Graham made his timeless observation decades ago, and yet it reflects our enduring belief: Your own behavioral biases are often the greatest threat to your financial well-being. As investors, we leap before we look. We stay when we should go. We cringe at the very risks that are expected to generate our greatest rewards. All the while, we rush into nearly every move, only to fret and regret them long after the deed is done.
Why I became a financial advisor
by Fatima Iqbal, CFP® I’ve always been a planner. My earliest memory of creating a plan was coming home from school in the 2nd grade after a fire escape drill. My family had moved into a new house and I sketched out an escape plan on a sheet of paper, carefully assessing possible emergency scenarios and drawing out primary and back up routes. Some of my escape routes were undoubtedly ambitious (could my little legs really jump out the window?), but having the map taped on the back of the bedroom door meant we were prepared no matter the danger. In college, I
How to Boost your Retirement Savings
For many of us, a trip to the grocery store is a constant reminder of how much inflation keeps creeping into our pocketbooks. Add taxes, market volatility, and the rising costs of healthcare and it’s no wonder nearly 75% of us are feeling anxious or even overwhelmed when we think about our retirement savings.* Fortunately, when it comes to taxes, you don’t have to feel powerless. By planning now, you can design a tax efficient plan and feel more confident about reaching your goals. There are basically three types of accounts in which you can grow your savings. Two types
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