Finding the Sweet Spot in Your Financial Plan - October 10, 2024
Equilibrium Wealth Advisors
Wealth Management firm serving physicians, retirees, corporate leaders, and business owners.
Finding the sweet spot in your finances is striking the balance between the many paradoxes that come with success:
A good financial plan can help you navigate and calibrate your life by design which we define as living stress free now and looking back with no regrets later.
I. Market Commentary
II. EWA's Weekly Picks
Weekly Video Pick- 5 Tax Tips for Business Owners- Tip 3- Use S Corp Election to Lower Salary
Weekly Reading Pick-? ?One Percent Better?by?Brian Cain
III. Weekly Podcast
The Markets?
Last week, the S&P 500 Index and Dow Jones Industrial Average closed higher after the U.S. employment report showed 254,000 jobs were created in September. That was well above expectations. The number of jobs created in July and August were revised higher, too. Yields on many maturities of U.S. Treasuries moved higher last week.
Weekly Video Pick- ?5 Tax Tips for Business Owners - Tip 3 - Use S Corp Election to Lower Salary
Weekly Reading Pick-? One Percent Better?by?Brian Cain
"One Percent Better" by Brian Cain focuses on the power of incremental improvement and how small, consistent changes can lead to significant results over time. Drawing on principles from sports psychology and performance coaching, Cain provides actionable strategies for enhancing performance in all areas of life. The concept of getting just one percent better each day emphasizes the importance of daily habits and mindset in achieving long-term success.
Team Takeaways:
1) Small, consistent improvements can lead to significant results over time.
2) Focusing on daily habits and routines can help you achieve long-term goals and enhance overall performance.
3) Embracing a mindset of continuous improvement can boost motivation and resilience
4) Tracking progress and celebrating small wins can reinforce positive behavior and maintain momentum.
In this quarterly portfolio and market update, Matt Blocki?reviews the past quarter and shares EWA's outlook for Q3 and beyond. Client detailed quarterly performance reports are now available in their eMoney vaults. These reports cover current asset allocation, recent trades, diversification, and performance since inception. EWA's bullish outlook remains intact as stocks continue to be favored over bonds, US over international, and growth over value. This video discusses the strategic lean into growth, particularly in tech and semiconductors, which has yielded positive results. Matt also discusses the broader economic landscape, Fed policies, and adjustments to EWA's portfolio strategy.