Wealth Management News 2023

Effective planning requires that you have a good understanding of your current tax situation, as well as a reasonable estimate of how your circumstances might change next year. There's a real opportunity for tax savings if you'll be paying taxes at a lower rate in one year than in the other. However, the window for most tax-saving moves closes on December 31, so don't procrastinate.

Read the full Year-End 2023 Tax Tips newsletter.

Stocks declined for the third straight month in October, with each of the benchmark indexes listed here ending the month notably lower. The Nasdaq and the S&P 500 endured their worst October since 2018. The S&P 500, down for three straight months, had its worst three-month performance since the period ended June 2022. The Nasdaq also had its worst October since 2018, down about 11.0% over the past three months, marking its poorest three-month performance since the August-October period in 2022. This was not a good month for the Dow, which suffered its worst October since 2020.

Read the full Monthly Market Insights newsletter.

The positive momentum of the first two quarters of the year did not carry over to the third quarter. Inflation continued to prove stubborn throughout the third quarter, moderating somewhat, but not enough to curb the Federal Reserve's hawkish monetary policy. Crude oil and gasoline prices soared during the summer. Job gains, while steady, declined throughout the third quarter. The housing sector slowed on rising mortgage rates and dwindling inventory. The third quarter saw most of the market sectors decline from the second quarter. Utilities, real estate, information technology, consumer staples, and consumer discretionary fell the furthest, while energy rose by more than 16.0%.

Read the full Quarterly Market Insights newsletter.

"If the current annual inflation rate is 3 percent, why do my bills seem like they're 10 percent higher than last year?"

Many of us ask ourselves that question, and it illustrates the importance of understanding how inflation is reported and how it can affect investments.

Read the full Inflation & Your Money newsletter.

Investors are routinely warned about allowing their emotions to influence their decisions. However, they are not often cautioned about their preconceptions and biases that may color their financial choices.

In a battle between facts & biases, our biases may win. If we acknowledge this tendency, we may be able to avoid some unexamined choices when it comes to personal finance. It may actually "pay" to recognize blind spots and biases with investing. Here are some common examples of bias creeping into our financial lives.

Read the full Do Our Biases Affect Our Financial Choices? newsletter.

Stocks extended their rally in the second quarter, boosted by cooling inflation, the prospect of a shift in monetary policy, and enthusiasm over artificial intelligence. For the three months ending June 30, the Dow Jones Industrial Average added 3.41 percent while the Standard & Poor’s 500 Index picked up 8.30 percent. The Nasdaq Composite, which led in the first quarter, led again, gaining 12.81 percent.

Read the full Quarterly Market Insights newsletter.

Forty-two percent of Americans do not own any stocks or stock-related investments, according to a recent Gallup poll.

Individuals may cite different reasons for not investing, but with important long-term financial goals, such as retirement, in the balance, the reasons may not be good enough.

Read the full Four Really Good Reasons to Invest newsletter.

What Graham understood—and modern research is catching up to—is the idea that we all have emotions and biases that affect our decision-making. The innate wiring built to survive pre-modern times can be counterproductive in our modern world, especially when it comes to investing.

Let's take a quick look at a few of the human emotions and biases that can adversely impact sound investment decision-making.

Read the full Don't Be Your Own Worst Enemy newsletter.

Stocks posted solid gains in the first quarter as investors navigated corporate earnings, shifting monetary signals, and troubles in the banking sector. For the three months ending March 31, the Dow Jones Industrial Average rose 0.38 percent while the Standard & Poor’s 500 Index gained 7.03 percent. The Nasdaq Composite led, picking up 16.77 percent.

Read the full Quarterly Market Insights newsletter.

According to Yale University's Crash Confidence Index, only about 24% of investors are confident the stock market will not crash sometime during the next six months.1

If fear leads investors to avoid the entire investment class, they may limit their potential returns. For example, for most of the 10-year period between 2012 and 2022, stocks outperformed both cash and the 10-year treasury. Cash pulled ahead twice, once in 2018 and again in 2022. The 10-year treasury pulled ahead only once, in 2015.2

Read the full Best-Performing Asset Classes newsletter.

In the final days of 2022, Congress passed a new set of retirement rules designed to make it easier to contribute to retirement plans and access those funds earmarked for retirement. The law is called SECURE 2.0, and it's a follow-up to the Setting Every Community Up for Retirement Enhancement (SECURE) Act, passed in 2019.

The sweeping legislation has dozens of significant provisions, we have outlined the major provisions of the new law into four sections.

Read the full Secure Act 2.0: An Overview newsletter.

Stocks ended a volatile fourth quarter with a slight gain, helping to repair some of the damage since the beginning of the year. This sentiment was boosted by stronger-than-expected earnings, a deceleration in inflation, and the hope that the Fed would slow its pace of interest rate hikes.

Read the full Quarterly Market Insights newsletter.