Hello everyone,
Welcome to our third quarter market perspectives. It feels strange writing about the strength of the markets, the resilience of the economy, the broad stability of the employment outlook, and the first Federal Reserve rate cut in four years. It is strange because many of our colleagues, clients, and friends in Tryon, Asheville and the Western North Carolina region are struggling. Hurricane Helene devastated towns, destroyed homes and businesses, and shook people’s psyches. As I write this, many are still without power, water, internet and only have spotty, if any, cell service.
“Significant life events such as changing jobs, having children, getting married or divorced, illness, or death can and often do change a person’s financial goals. These events don’t always necessitate changes to a client’s portfolio, but they do prompt a discussion about their impact on the financial plan.”
Modera’s investment team is pleased to provide our market review for the second quarter of 2024.
The Modera Wealth Research Team and I are happy to share our first quarter 2024 market and economic review.
Probably since before you made your first dollar, you were told about the importance of investing in the stock market – about the wonders of compounding returns over time that can transform a lifetime of savings into a car, a house, and a comfortable retirement.
It’s not unusual to get nostalgic, looking back at images or other relics of bygone days.
Sometimes even the best of ideas are only good in theory because they are impossible to implement in practice.
When you see trading activity in your account, it generally falls into three main types of investment trades: raising or investing cash, rebalancing, and block trading.
For many of our clients, the idea that their portfolios should “never walk alone” is probably obvious enough.
Investment Commentary: Q4 2024
The Importance of Balance As We Welcome 2025
Welcome to 2025! As my wife often says, the days are long, but the years are short. There’s something beautiful about winter’s chill balancing with the warmth and sunshine of spring and summer. While I love summer, I’m a winter person. I’ve been skating as long as I can remember and have been on skis since I was three. Winter also means firing up my Ariens snow blower to tackle the snowbanks left by the plows at the end of the driveway.