We are now 70% of the way through the year, and it has been quite a ride for investors. The S&P 500 is up 13.5% year-to-date, even after experiencing an18% pullback back in March.
Other markets have also delivered strong results:
- The Nasdaq, driven by technology stocks, is up 16%.
- The bond market has gained 6.7%.
- International stocks are leading the pack, up an unusual 26.6%.
A common topic of discussion this year has been the dominance of the so-called “tech mega-caps.” And rightfully so. Nine of the top ten stocks in the S&P 500 are technology companies, and together they make up 36% of the index. (The only non-tech company in the top ten is Warren Buffett’s Berkshire Hathaway.)
Ask Cale:
Q: Is it time for my annual investment review?
A: Yes, it is! As we approach year-end, this is the perfect time to step back and review your financial picture before the holiday season kicks in. An annual review helps ensure your plan is aligned with your goals, and it allows us to make proactive adjustments.
Here are a few key areas to consider:
- Investment suitability, making sure your portfolio matches your risk tolerance and goals.
- Year-end tax planning, finding opportunities to optimize before December 31.
- Beneficiary and estate review, ensuring everything is up to date.
- Tax-loss harvesting, using market volatility to your advantage.
- Portfolio adjustments, rebalancing if needed.
If you would like to schedule your year-end review, please reach out and I will be glad to set up a time.
Disclosure: All indices are unmanned, and investors cannot invest directly into an index. Unlike investments, indices do not incur management fees, charges, or expenses. Past performance does not guarantee future results.
