In very anti-climactic fashion, the debt ceiling was raised last week and the fears of a US default on its debt (an any impending doom to follow) were erased. The agreement suspended the borrowing limit until January 2025, so it’s possible we’ll repeat this process again in a couple short years. Michael Townsend at Charles…
Welcome to our May 2023 Viewpoints, a monthly bulletin from PDS Planning to our valued clients and friends. Our goal with each issue of Viewpoints is to provide you with a wide variety of perspectives on life and wealth. Feel free to share with others. By Drew Potosky, CFP® Once we accept our Limits, we go…
The last few years have been a great reminder that predictions based on macroeconomic events can be very unreliable guides to the future. If someone with perfect foresight in January 2020 told you the following would happen over the next 3+ years, how would you react? Global economic shutdown Worst pandemic in 100 years Highest…
Welcome to our April 2023 Viewpoints, a monthly bulletin from PDS Planning to our valued clients and friends. Our goal with each issue of Viewpoints is to provide you with a wide variety of perspectives on life and wealth. Feel free to share with others. By Drew Potosky, CFP® What Worked and What Didn’t 2022 was…
April 2023 PDS Planning Market Commentary It seems there are hundreds of reasons why the market has a bad day, but the good days are glossed over – just another day. Despite a seemingly endless barrage of negatives lately, from the near bank crisis, weak jobs reports, inflation, higher interest rates, and continued talks of…
Beyond Your Finances, Market Commentary
Headlines today are dominated by Silicon Valley Bank’s (SVB) collapse and bank run today. We wanted to provide some initial context to this incredibly fluid situation with what we’ve learned so far before we left. What happened and why? SVB was a unique bank that had grown to the 16th largest in the country, but…
March 2023 PDS Planning Market Commentary The bond market reached many new milestones last year, but not good ones. The Bloomberg U.S. Aggregate Bond Index experienced a (-13.1%) loss due to rapidly increasing interest rates by the Federal Reserve. Last year’s (-13.1%) loss blew the previous worst calendar year return of (-2.9%) in 1994 right…
Welcome to our February Viewpoints, a monthly bulletin from PDS Planning to our valued clients and friends. Our goal with each issue of Viewpoints is to provide you with a wide variety of perspectives on life and wealth. Feel free to share with others. By Drew Potosky, CFP® I Speak For The Trees Early this month…
February 2023 PDS Market Commentary We were hoping for a strong start to the stock market this year and have yet to be disappointed! Through the first five weeks, the S&P has gained 8%, the Nasdaq is up 15%, and the Dow up 3%. Even the US Aggregate bond index is up near 1.5% this…
Many investors are more than ready to turn the page on a turbulent 2022. This was a tough year where inflation soared, central banks aggressively hiked interest rates, stock markets fell and war broke out in Ukraine. In 2022, core bonds did not fulfill their traditional role as a ballast against market volatility. In a…
Welcome to our December Viewpoints, a monthly bulletin from PDS Planning to our valued clients and friends. Our goal with each issue of Viewpoints is to provide you with a wide variety of perspectives on life and wealth. Feel free to share with others. By Drew Potosky, CFP® 2022 Words of the Year Oxford and…
December 2022 PDS Planning Market Commentary Quite a bit has happened in the markets over the last month. The US Stock market (S&P 500) rose just under 6% through the month of November and has gained about 10% since the start of October. Even the US Aggregate bond market index is up over 2.50% since…
Welcome to our November Viewpoints, a monthly bulletin from PDS Planning to our valued clients and friends. Our goal with each issue of Viewpoints is to provide you with a wide variety of perspectives on life and wealth. Feel free to share with others. By Drew Potosky, CFP® US Inflation Inflation remains high, but reports show…
Beyond Your Finances, Education Planning, Estate & Legacy, Market Commentary, Retirement, Taxes
Year-End Financial Checklist Looking at your year-end financial checklist now allows you and your financial advisor time to review and assess the progress made on goals set at the start of the year, while still having time before the end of the year to make adjustments if needed. With this timeline in mind, here are…
November 2022 PDS Planning Market Commentary The Dow Jones Industrial Average had its best month since 1976 posting a return of 14% during October. Investors were hopeful comments from the Fed indicated a slowdown in inflation was on the way and therefore a slowdown to rate increases. But, as we’ve seen time and time again…
