Weekly Market Recap Week Ended March 24, 2023
Another choppy week A key U.S. Federal Reserve meeting and continuing concerns about bank stability dominated the week as the major U.S. stock indexes recorded gains of 1% to 2%. Despite the overall rise, markets were unsettled, shifting quickly between gains and losses.
Diversification
Don’t put all your eggs in one basket. It’s a key axiom when it comes to managing your money.
Investing in your 20s and 30s is a great way to set yourself up for long-term financial success.
Here are some investment strategies for investing in your 20s and 30s:
Market Recap Week Ending March 17, 2023
Down, up, down, up, down—and up for the week. That was the story last week as the stock market navigated regional bank volatility in the lead-up to this week’s key interest rate announcement. Last Monday the S&P 500 (SPX) fell to its lowest low since January 3, but zigzagged its way to a five-day high on Thursday, and ended the week with a gain despite pulling back on Friday:
Estate Planning
Estate planning is the process of preparing for the distribution of your assets after you pass away. It can help ensure that your assets are handled per your wishes and minimize the tax consequences for your heirs. Here are some key elements of estate planning:
Open an FDIC-insured Cash Management Account at Duncan Williams Asset Management
You have cash assets. Now it's time to make them work harder for you.
Market Recap Week Ending March 10th
Market Recap Week Ending March 10th
Financial Planning
Financial planning is critical to managing and achieving your long-term financial goals. Here are some vital steps to help you put together a comprehensive financial planning strategy:
What is a recession?
One popular definition of a recession is two consecutive quarters of economic contraction. Recessions are always caused by imbalances in the market, triggered by external or internal factors.
Sec. Janet Yellen sees economic growth slowing and lower inflation on the horizon
United States Secretary of the Treasury Janet Yellen says, barring any unanticipated shocks to the global economy, inflation in the United States should continue to recede over the next year.
How Do Americans View Higher Inflation?
1. Worry about inflation has now risen to the point where it is perceived by Americans as the top problem facing the nation. As my Gallup colleague Jeff Jones recently reviewed, mentions of inflation as the most important problem facing the nation averaged only 1% between 1990 and 2021. But such mentions zoomed to 18% in our latest May Gallup poll. Inflation is thus now essentially tied with issues relating to the way the nation is being governed as the top problem facing the nation.
There are several year-end tax tips to keep in mind. These include:
1. Maximize annual retirement plan contributions.Tax-advantaged retirement accounts are funded with pre-tax dollars and compound over time. You may make pre-tax contributions to a 401(k) up to $20,500 if you are under 50 and $27,000 for those 50 and over. If it is not possible to contribute the maximum amount, you can try to contribute any amount matched by your employer. The maximum yearly contribution for an Individual Retirement Account (IRA) is $6,000 (under age 50) and $7,000 (50 and over).