Economic Update, Retirement Risks and Modern Investing: 3/29/24
Perspective on the Economy: Telescope, Microscope, or Kaleidoscope?
Depending on your focus, the story the recent economic data is telling may be different. But one point of view has been remarkably consistent this year: the market does not seem to care about any of it.
February saw the S&P 500’s first break through the 5,000 ceiling, and there were eight new closing highs during the month.
A strong equity market is welcome, but how will it impact the rest of the economy? With interest rates high and inflation still on the way down but not hitting the target, the cost of everything has increased.
Headlines We're Tracking:
Upstarts Challenge a Foundation of Modern Investing
Bloomberg
In November a curious paper dropped on SSRN, an online hub widely used by economists to circulate their work. The paper’s authors are two of the most important figures in academic finance: Kenneth French, of Dartmouth College’s Tuck School of Business, and Eugene Fama, a Nobel Prize-winning economist from the University of Chicago. The article itself seems modest, reading like a technical footnote to research the duo published 30 years ago, about stock market returns.
The Top 9 Financial Risks Facing Retirees
The Humble Dollar
We've all heard the maxim that “without risk, there’s no reward.” Over the years, we’ve all taken countless risks—big and small, financial and otherwise—to get to where we are today.
Every activity has a risk associated with it, and that includes retirement. It’s best to be aware of these risks and, when prudent, take steps to limit them. Here are nine risks that retirees face.
Are You On Track for Retirement?
We've fielded a ton of questions from readers like you over the years. From investing to insurance to entrepreneurship to retirement to taxes, you all have asked questions covering almost every corner of financial planning.
That being said, there's one question that tends to come up more frequently than any other. The most asked question, by far, is whether you're "on track". On track for retirement. On track to buy that business or that new house. On track to pay down debt. On track toward your other goals. While answering one off questions might be helpful to engaged readers like you, it doesn't really help you determine whether you're "on track."
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Which is precisely why we're rolling out WealthGauge. WealthGauge is a 3-minute assessment to give you direction surrounding whether you're "on track". To be clear, WealthGauge is not advice or a deep dive analysis. It's some quick feedback about your financial situation and our thoughts on what to look out for. No more, no less.
Click the link below to take our short questionnaire. We'll run your information through our financial planning software, and email you a short, private video sharing the output and thoughts & observations.
Recent YouTube Videos
How to Lock In Better Interest Rates While They're Still High
Interest rates are higher now than they’ve been in a very long time. Which means you’re hopefully getting a decent return on your cash savings. These rates might not be around for much longer though. This video covers why you might consider locking in these higher rates now, when it might be a bad idea, and exactly how to do it.
Latest From the Podcast
ESOP Opportunities for Business Exits With Michael Koeppel
This week our guest on the show is Michael Koeppel. Michael is the managing director and founder of Lakelet Advisory Group. In his roles as a board director, C-level leader, and business transformation strategist, he has helped companies in the manufacturing, technology, healthcare device, and financial industries achieve sustainable growth and turnarounds. Michael joins us to share his knowledge on the ins and outs of the ESOP (Employee Stock Ownership Plan), who may and may not be a good candidate for it, the costs, the benefits, and more.
Thanks for Reading!
Feel free to shoot me a message with your feedback about Marketplace Perspectives or other content ideas.
-Grant
Managing Director & Founder, Lakelet Advisory Group | Board Director | Growth & Turnaround Strategies | M&A | Spin-offs, Divestitures & IPOs | Complex Business Valuations
8 个月Well said