Author:Laurence Schiffman

March 2024 Monthly Recap

2-3 minute read   March in Review: Markets continued to climb in March. The S&P rose 3.2%, while the DOW and NASDAQ followed at 2.2% and 1.9%, respectively. Small caps performed particularly well, with the Russell 2000 rising 3.6% in March alone. We all know about the Mag 7 from last year and are likely aware that it is quickly becoming the Mag 6, 5, 4… this means that there is an opportunity for the rest of the S&P to drive returns.  Inflows for equal-weighted S&P funds continue to rise as well.   While the Tech giants are still figuring out if they’re going to boom...

Feb 2024 Monthly Recap

3-4 minute read In February we saw, higher highs and higher lows With the S&P notching 8 new record highs at close And while NVIDIA was the S&P’s the 3rd best performer Ralph Lauren and Constellation Energy, grew even further Overseas, headlines, repeated again as the wars in Gaza, and Ukraine didn’t end While Alexi’s death, sure looks like murder, Putin denies it and won’t discuss further The contrarians held steady with their negative outlook While analysts, who rely on the data, weren’t shook We all know that markets are hard to predict, which is the reason our investment mandates are strict   Greetings from the snowy abyss of Denver, where we had 2...

Jan 2024 Recap & Portfolio Adjustments

5-7 minute read Welcome back my friends and I hope your 2024 is off to a great start. Since we made some portfolio adjustments and rebalanced everyone’s accounts this past week, this is going to be a longer video so buckle up. Since many of the portfolio changes tie into January events, I’m going to save the that for the end to give them more context, but with the first month of the year in the rearview, let's see how 2024 is shaping up.   US Markets & Events After coming into the final week of the month with the S&P up 3.4%, J Powell’s comments...

2023 Year in Review and 2024 Outlook

Hello my friends, and welcome back. I hope the holidays treated everyone well and that your 2024 is off to a great start. Given that December was a fairly quiet month for the markets, as is often the case, we're going to take a look back at 2023 and finish off with what's in store for 2024.   So let's start with a look back at the key events that happened in 2023. The year started off with unemployment at 3.4%, the cost of eggs peaking at $4.82 a dozen, and the probability of a recession before year end being in the 60% range. We also...

Student Loan Forgiveness

If you haven’t heard, the beta version of the public student loan forgiveness application went live.  This application for student loan forgiveness is the largest ever one-time student loan discharge ever offered by the US government. While student loan forgiveness has become a polarizing political issue it has also become a reality for millions of Americans and the potential planning implications are too important to ignore.   First the facts: Currently there are 1.6 trillion dollars in outstanding public student loan debt in the United States. Over 43 million Americans currently have student loan debt. The current student loan forgiveness program will...

Death, Taxes, and Market Volatility

It’s always difficult (some say impossible) to accurately explain the entirety of the financial markets at any single point in time.  There are several macro factors affecting the equity, bond, and real estate markets as a whole that are worth acknowledging as well as our response to them.  Its important to note, this is not personalized financial advice, do not take this as investment advice and please reach out to us concerning any opportunities you may have before you pursue them.   Inflation First and foremost, inflation is the bogeyman that has likely been blamed for all of the market woes at one...

Tax Planning vs Prepping

Taxes tend to be synonymous with discomfort.  Whether we are worried about paying too much, too little, or filing the right forms; tax season brings with it a bevy of headaches.  The U.S tax code is increasing in complexity and the constant “legislative updates” and “tax code simplifications” always seem to do more harm than good.  With these concerns, clients often struggle to navigate the tax code and as a result reach out to friends, mentors, and professionals for tax advice.  Most often, this culminates in either tax preparation services or tax planning. While the two may sound similar, they differ...

I-Bond

Have you heard the recent buzz of I-Bonds, but are left wondering what they are and if they're right for you? We've got you covered. The rise in popularity of I-Bonds raises a lot of questions: How much/many can I purchase? Individuals are limited to purchasing $10,000 of I-bonds annually, couples can each purchase $10,000 for a total of $20,000 annually.  Though individuals can only purchase $10,000 in bonds there are ample opportunities to increase the total value of bonds purchased.  Business’s, living trusts and children can purchase up to $10,000 each of I-bonds.  Additionally, taxpayers that expect to receive a refund can opt...

How We Use Actively Managed Funds in Our Portfolios

Part of our core investment philosophy is optimizing the risk/reward relationship within our portfolios. In the context of portfolio design, the risk/reward relationship we are referring to is that for each fund category, relative to its benchmark index. Broadly speaking, index funds follow rules-based management and are meant to replicate the volatility and performance of their respective index, with very little variation, and low expenses. As such, we use index funds as the baseline when evaluating other funds in that category. On the other hand, actively managed funds have more discretion in what the fund is investing in, as long as those...

Traverse Planning’s 2021 Market Recap

[video width="1280" height="720" mp4="https://traverseplanning.com/wp-content/uploads/2021-Market-Recap.mp4"][/video]   Clear Creek Financial Management, LLC dba Traverse Planning is a Registered Investment Adviser. This content is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Clear Creek Financial Management, LLC and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Clear Creek Financial Management, LLC unless a service agreement is in place....