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MPowered Finance Newsletter: January 2023



To My Readers,


Predictions vs reality


At the start of last year, almost all of the top investment companies made predictions on where they thought the S&P 500 index would finish on the last day of 2022.


Here are some of those predictions:

Goldman Sachs- 5,100

Wells Fargo – 5,200

JP Morgan – 5,050


The S&P 500 actually ended the year at 3,839


The truth is, NO ONE KNOWS! No one has a crystal ball which means all of this is just speculation and guessing.

My advice: Ignore the noise and keep investing based on your plan.



Thank you, 


Sid Misra, CFP® Beacon Financial Group


 

New YouTube Videos


Check out some of my new videos on YouTube!



 

By The Numbers


Take the good with the bad

Since 1950, the average bull market has lasted 66 months and generated a gain of 192%.


In that same time, the average bear market decline has lasted 11 months and incurred a loss of 34%


There will always be bad with the good. The investors who are positioned properly and stay the course will be rewarded. (Source: MFS By The Numbers)


Caregiving Costs


The average out of pocket expenses for family caregivers totaled $7,242. On average, family caregivers spent 26% of their income on caregiving activities. (Source: AARP)


If you have questions on how to take care of a family member or how to fund coverage for yourself through long-term care, please don’t hesitate to reach out to us.



Bet On Yourself


Before the start of the 2022 MLB regular season, Yankees slugger Aaron Judge turned down an offer from the team of $213.5 million over 7 years. Judge felt that his play would allow him to increase his value.


That bet paid off as Judge recently signed a 9-year deal worth $360 million – boosting his pay by $146.5 million


 

Champions of the World


Argentina won the 2022 FIFA World Cup, giving Lionel Messi the trophy that has eluded him his entire career. After losing the 2014 WC Final to Germany, Messi and company finished the job in Qatar last month.


Messi is also on the path to receiving his 8th Ballon d'Or award. This annual award is given to the worlds best soccer player.


What a career and player!





 

The opinions voiced in this material are for general information only and are not intended to provide specific advice financial or tax recommendations for any individual.


All performance referenced is historical and is no guarantee of future results.


All indices are unmanaged and may not be invested into directly.

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