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Bumpy road ahead?
Investors can always find a reason to sell. But long term, the market rewards those who stay patient. Third quarter market recap What happened: Every quarter this year has brought major events for investors to digest. The third quarter was no different. From a United States’ credit rating downgrade to higher energy prices, investors had a lot to digest. Ultimately, however, most asset classes did end the quarter lower. Rising interest rates were a main driver of the lackluster results across asset classes. Yes, but: Despite the market struggling thus far in the back half of the year, the broader
Market Timing Reminder: Just Say No
Should you sell out of the market and go to cash when you’ve got a hunch markets are headed lower? Of course not. While moving to cash might feel good mentally and help you avoid short-term stock market volatility, it is unlikely to be a wise move over the long term. Here’s why: When your money is in the stock market and the market is down, you may feel like you’ve lost money, but you really haven’t. At this point, it’s a hypothetical, or paper, loss. A turnaround in the market can put you right back to breakeven and maybe even
Why I became a financial advisor
Ehab Alalfey, Azzad Investment Advisor I have been around the wealth management industry for as long as I can remember. I recall helping my father, an immigrant to this country, with his work as a junior advisor at a practice in Maryland when he was just getting started. I would help him when I was a young teenager, going to the office on the weekends to file documents, mail out birthday cards, or whatever else was needed. English was not his first language. His colleagues would often poke fun, underestimating him and assuming that he wouldn’t do well. When times
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
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College Cost Data for 2022-2023 School Year
Planning Opportunities to Consider Before Year-End
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Have you formalized your charitable giving strategy?
Client note on volatility and inflation
Revising Estate Planning Strategies
