Fed Fund Watch: The FED is off for the holidays, but our 10-year bond yield is on the rise. am starting to buy into bonds…look to hear from me. I will be here til the end of December, no vacation for me!
Looks like the RMD age will be increased to 75, next year bringing chaos to those of us who have been using 72! But, there will be a phase in, so it is not simple.
Get with me if you want to take charitable contributions from your IRA in 2023.
IRMAA: don’t lose sight of your Medicare Premiums, or you will pay!
It is not magic, tea leaves or Ouija boards. When you see a chart like this, (S&P 500) there is not going to be a quick recovery. Notice the “lower highs and lower lows:” once this sort of downturn pattern gets going…it takes longer than we want for the final bottom.
In addition to my being the Chief Wet Blanket, my other job is making the tough calls about when to put money to work. Look below…the peak on January 1, 2022; then the selloff, a small recovery, and three other failed attempts to recover. Below are four failed highs: I have to tell you, each time I’m worried each time there is a rally…like March, August and October. I was really sweating this last time: I was beginning to think I had missed the final bottom. Not so!
Why does it matter for you? Last week that 800-point drop hit on the arrow on the right side: I could not imagine us going higher. Had it been 800 points up, then the Santa Claus Rally might have been in full swing. Instead, the 800 points were down…and now, we just gotta wait. Stay tuned…this week Wednesday is rallying. Still, it looks like the turnaround we want is not here yet. So, it is not magic, teal leaves or the Ouija board…it is the Charts.
Why does it matter for you? On the journey to clean, renewable energy, it is so interesting to see how the different states and territories create their mix of energy sources. Unfortunately, there has been a resurgence in coal fired plants that have been fired up.
While you see ESG in our logo and in many pieces I write or share, I thought this was a terrific way to see the progression of socially responsible investing, formerly called SRI. We all know what philanthropy is: the next step for many investors is making impact investments. That evolved into socially responsible investing: remember when Calvert was about the only option out there, and often, those funds under-performed traditional funds? Well, I am happy to say we have moved past the “old school” to Sustainable Investing and you no longer under perform if you choose to invest in the areas you value.
Required Disclosures: Always read the fine print! This content reflects the opinions of Julie Skye and is subject to change without notice. This content is for informational and entertainment purposes, and it is not a recommendation regarding the purchase or sale of any security. There is no guarantee that any statements, opinions, or forecasts provided herein will prove to be correct. Past performance may not be indicative of future results. Securities investing involves risk, including the potential for loss of principal. There is no assurance any investment plan or strategy will be successful.
Julie is an Investment Advisor Representative of Sustainable Advisors Alliance, LLC (SAA, LLC): Advisory services are provided by SAA, LLC.
Registration with the SEC does not imply a certain level of skill or training.
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