Broker Check

People & Process - March 2024 Newsletter

A Letter From Managing Partner, Bob Eddy:

As we approach the end of the first quarter of 2024, it's essential to maintain perspective: markets rarely follow a linear trajectory for long periods. Additionally, it's uncommon for the strongest sectors to maintain their leadership consecutively for two years. As we progress through the year, we anticipate potential improvements in previously lagging sectors, such as metals and utilities, even amidst the continued strength of certain technology leaders.

Interest rates have remained relatively stable, mirroring levels observed at the end of 2023. The Federal Reserve, while not yet convinced of complete inflation control, has hinted at potential relaxation of rates later in the year, contingent upon evolving economic data.

In terms of new investment opportunities, notable institutions like Blackrock and Fidelity, among others, have received SEC approval to offer Bitcoin ETFs closely tracking Bitcoin's price. This move has attracted significant deposits, with Fidelity establishing a dedicated digital assets department after extensive research. It's worth noting that investments in this area are inherently high risk/reward and should be considered primarily by aggressive growth funds. Nevertheless, the global movement towards blockchain technology promises functional advantages and cost savings.

Should you wish to delve deeper into these topics, please don't hesitate to reach out to us at any time.

We remain optimistic that the ingenuity and inventiveness of Americans will pave the way for a brighter future, fostering improved quality of life, health, and success for all. Wishing you continued success and prosperity ahead!

Harnessing Technology for Your Wealth Journey

Additionally, we understand that as the world evolves, so do the needs of our clients. To keep pace with these changes, we've made significant strides in strengthening our technology platforms, ensuring that you receive top-tier service in managing your wealth.

We've recently expanded our technology suite to include RightCapital, a powerful tool for addressing your financial planning needs. Our advisors and clients alike are finding value in Right Capital's capabilities for:

Interactive Retirement Planning: Visualize your retirement scenarios and plan effectively for your golden years.
Tax-Efficient Strategies: Make your money work harder for you with strategies designed to minimize tax.
Social Security Optimization: Maximize your benefits with expert advice on Social Security.
Budgeting: Keep track of your spending and saving habits with ease.
Student Loan Management: Get a handle on student debt with intelligent management tools.
Insurance Needs Evaluation: Understand your coverage needs and ensure you're adequately protected.
Estate Planning: Plan for the future and secure your legacy with comprehensive estate planning tools.
Account Aggregation: Monitor all your financial accounts in one place for an accurate, up-to-date picture of your wealth.

If you haven't yet started using RightCapital, please don't hesitate to reach out to your advisor. Our goal is to provide you with the tools and resources you need to confidently navigate your financial journey.