Recommended for Investors in their 20s Getting started on your financial journey early in adulthood can set the foundation of your financial path for the long-term. When you graduate from college and/or find your first job as adult it’s important to start working on meeting goals that can set your finances on the right path. We recommend working on the following seven items in your 20s to build your financial foundation now: 1. Live on a budget and fully understand your monthly spending Review your net income, which is the amount of wage income that goes into your bank account after taxes and other withholdings. Go through your fixed expenses which are expenses that you have to pay and typically stay the same amount every month such as your rent or mortgage payment, your utility bills and your insurance costs. Your discretionary spending would be considered spending that varies and that may not have to be spent every month. To manage your budget you may want to set limits on your discretionary spending and even some of your fixed expenses to be sure you are not spending more than you earn every month. You can manage this through an excel… Read More
Now the question we are getting is: when will this bear market end? Some pundits have suggested that the following events may act as the catalysts that mark the end of the downdraft: The mid-terms, when Republicans take a majority in Congress, when the Federal Reserve stops raising rates and inflation subsides, after we experience our next recession, and so on.
It seems that way at the moment, doesn’t it? There’s a war in Europe. Each headline appears worse than the one before, and as this trend intensifies, bad on bad, fear on fear, the adaptive forces of humanity take charge – let’s make lemonade. Elon is buying Twitter. Ha…. Mr. Buffett’s Berkshire Hathaway Inc. bought insurer Alleghany Corp. for $11.6 billion – Berkshire’s biggest acquisition in six years. Families are concerned about inflation and the impact higher prices have on their ability to maintain lifestyles. Equity markets, we believe, have the most recent headlines baked into the mix. We believe the most recent Personal Consumption Expenditure (PCE) data will most likely represent the inflationary peak: we expect inflation to begin subsiding. But not in the immediate future: Personal Consumer Spending (PCE), the preferred index of the Federal Reserve, just posted an all-time high of 6.6%, according to The Bureau Of Economic Analysis. Higher than last quarter. Highest in 40 years, give or take. Travel with me; get aboard my time machine. Let’s go back to the late ‘70s and early ’80s. Remember “Stagflation” = high inflation & slowing growth. Our group’s last newsletter, published in January, hinted at this phenomenon: “I just heard… Read More
April, 28 2022 at 12:00 PM
Windsor Wealth Planners & Strategists will present What Women Need to know About Divorce & Widow Social Security Benefits with former SSA Administrator Cindy Lundquist at noon on April 28.
Headline News: Wall Street is set to open sharply lower after Goldman Sachs (GS) missed expectations for Q4 earnings and was trading down 4% in pre-market trading. Also, Treasury yields marched higher as the 2-year yield moved above 1% for the first time since February 2020, and the 10-year note moved to 1.83%, its highest yield since January 2020. Meanwhile, recent data indicates the spread of the omicron variant may be slowing after New York had the seven-day average of daily new cases decline last week. Markets: The S&P 500 traded below support at 4646.41 on Friday but rallied to close higher at 4662.85. However, RSI did not move about the 50 level to support the rally. This morning the index is set to open lower with a projected open of 4610.25. That would be close to the 1/10/2022 low of 4582.24 to start the day. If support is broken, selling could potentially accelerate and break the pattern of high lows going back to the 12/3/2021 low of 4540.51. We are currently Intermediate-term bullish and short-term bearish. John N. Lilly III CPFA Accredited Portfolio Management Advisor℠ Accredited Asset Management Specialist℠ Portfolio Manager, RJFS Partner, DJWMG Windsor Wealth Planners &… Read More
Recently I spoke with a fine lady ill with the bug-of-our time. The conversation, texting, concluded with a comment about living in strange times. If only stock prices weren’t so high…. If only we could go back to normal…. If only I had…. If only…. Often, things are not as we wish them to be. We do not get to direct the economy, disease, politics, our families, or much of anything else, except maybe, our thoughts and our actions. We get to make investment decisions within the world we are given, the circumstances that are, the present. We are not forecasters. We do not pretend to have a construct of the future and then invest accordingly. We cannot see the future. For us, the uncertainty of the future is the only certainty we know. So, for us, it’s a more-like-it-than-not world. What does that look like? The economy is expanding – The Institute for Supply Management cataloged the 14th month of Manufacturing and Service sector growth. According to The Bureau of Economic Analysis (BEA), GDP for the 2nd quarter grew at 6.6% Inflation has steadied at 3.6% according to BEA and appears to be receding. Corporate Earnings, according to S&P… Read More
Everything about this year seems BIG. A pandemic. Big swings in equity markets: Down 35% from intraday high (February 19th to the low, March 23rd ), up 70% from that low to yesterday’s (December 17th) high, HUZZAH…. Big intellects, Big money, Big pharma and Big government intersect to provide us not one, but two vaccines with Big efficacy, 94% or higher. In a Big hurry – never in the history of our world, has a vaccine been developed, manufactured or distributed this quickly: Big, Big and Big. Big faith…. In Capitalism, Inventiveness, and in Us: America. Merry Christmas. Carlos Dominguez – CERTIFIED FINANCIAL PLANNER™, Portfolio Manager, RJFS When you get a minute try out our risk discovery tool – tell your friends https://windsorwealth.management/my-risk-o-meter/ Sources: Photo by: Jamie Hagan @dearjamie Sources are being provided for information purposes only. Raymond James is not affiliated with and does not, authorize, or sponsor any of the listed sources. Raymond James is not responsible for the content of any source or the collection or use of information regarding any source’s users and/or members. Past performance may not be indicative of future results. Any opinions are those of Carlos Dominguez and not necessarily those of… Read More
Thanksgiving just passed, “And we might remind ourselves also, that if those men setting out from Delftshaven had been daunted by the troubles they saw around them, then we could not this autumn be thankful for a fair land.” *, I hope you rejoiced as we did with giving thanks for the blessings of living in a free country. The election has come and mostly gone, the world did not end, equity markets did not melt, but instead sighed in relief like the rest of the world. And in doing so, The Dow Jones Industrial Average posted a new 30,046 record on November 24th – let me hear the cheers. Covid vaccines are popping out of the woodwork thanks to a combination of capitalism, science, and government cooperation. We may be enjoying this summer kinda like we used to; how about that! GDPNow The Atlanta Federal Reserve’s is estimating growth of 5.6% for the fourth quarter. If that comes to pass, it looks like we may be right where we started at the beginning of the year: Hurrah! The Institute for Supply Management’s October Manufacturing ISM® report registered a manufacturing increase of 3.9%, reaching a 59.3% level, the highest since… Read More
