To My Readers, Year-To-Date, the S&P 500 is down close to 20%. While no one wants poor market
performance, it is important to remember that downturns are a normal part of the market cycle.
What is more important is how you handle this volatility.
Investor affirmation: The short-term volatility of the market doesn’t have an effect on my long-term plans. I am invested based on my plan which accounts for my goals, time- frame, and risk level. I will only make moves if these factors change, not because of the recent swings in markets.
Those with a plan are far less likely to make decisions based on fear and panic. They are more likely to remain positive and stay the course.
For those without a plan, now may be a good time to revisit how and why you are investing. We are always happy to have a conversation to help with your planning. Thank you, Sid Misra, CFP® Beacon Financial Group
If you know someone who would find this info beneficial, please don’t hesitate to forward this newsletter on to them.
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By The Numbers
The British Pound fell to its lowest-ever level against the US Dollar on 9/22. At the time, 1 British Pound was worth approximately 1.08 US Dollars.
In September 2021, 1 BP was worth approx. $1.35 USD
Kim Kardashian recently agreed to pay $1.3 million in civil fines imposed by the SEC. She ran afoul of the SEC’s anti-touting provision which states you cannot communicate about a security without first disclosing if you have been paid for it.
Kim promoted a crypto asset on Instagram without disclosing her $250k payment to
to publish the post
She has also agreed to not promote any crypto securities for 3 years
Global Tightening: Many central banks across the world are hiking interest rates at the exact same time…the most to do so simultaneously in history. This is in direct response to a rise in global inflation.
The chart below is from the Council on Foreign Relations and their Global Monetary
Policy Tracker. The purpose of the tracker is as follows:
CFR’s Global Monetary Policy Tracker compiles data from 54 countries around the
world to highlight significant global trends in monetary policy. Who is tightening
policy? Who is loosening policy? And what is the policy stance of the world as a
Is This You?
“We make good money, but we are concerned”
“We are concerned that:
We aren’t in a good financial position
We aren’t heading in the right direction
We don’t know what the right direction is
We will never be in a position to stop working
We will eventually be a burden to our children”
These concerns won’t go away without addressing them head-on.
You and your family deserve peace of mind when it comes to your finances
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.