Posts by Matt Hargreaves
Bank Update
In light of recent events in the banking sector, we wanted to provide a recap and an overview of the impact to your accounts. Financial markets shook last week as Silicon Valley Bank (SVB), the California bank subsidiary of SVB Financial Group (SIVB), fell into FDIC receivership. SVB is the first FDIC-insured institution to fail…
Read MoreMarket Update: February 2023
It’s been an encouraging start to the year after a challenging 2022. Falling inflation, interest rates, and decent earnings have provided fuel for a nice market run to start the year. The S&P 500 is up over 8% this year and up over 15% since it bottomed in October 2022. Bonds (1) are up over…
Read More2022 4th Quarter Investment Commentary
Despite a fourth quarter rally, both U.S. stocks and bonds declined for the year causing a 60/40 portfolio to have its third-worst return since 1926. We expected better days ahead. Markets may be down, but most of the damage was done in the first half of the year. Since the end of June, stocks…
Read MoreWhat Do We Want in the New Year?
On Happiness, Meaning and Psychological Richness Written by: Hal Hershfield, Ph.D. How Do You Define Leading a ‘Good’ Life? As we look forward to this new year, we want to look at a fresh way to approach resolution-making. I suspect that what lies under the hood of many New Year’s resolutions is partly a desire…
Read MoreClient Question of the Month: Why do I still own bonds when their returns have been negative?
Bonds historically have helped stabilize portfolios when markets—particularly stock markets—grow volatile. The US bond market has recorded positive returns, before inflation, in all but four years since 1976. High-quality bonds, in particular, have typically held their value when stocks have endured their worst periods of performance. 2022 has been an outlier – bonds haven’t stabilized…
Read More2022 3rd Quarter Investment Commentary
The macroeconomic factors of rising interest rates and stubborn inflation remained chief concerns and weighed down both stocks and bonds. Despite a strong employment picture, economic data continued to moderate, and markets priced in a rising risk of recession in 2023. Stocks ended the quarter at reasonable valuations and bond yields were at their highest…
Read MoreThe Huge Cost of Doing Nothing
One of the biggest decisions when transitioning into adult life is when to start saving. Putting off savings till later comes with a cost of waiting. Cost of waiting describes the opportunity cost when an individual decides to wait before beginning to save money. This cost can result in a smaller portfolio at retirement, larger…
Read MoreWhat Should you do when there’s Market Volatility?
During this time of market volatility, we want to share the things we are doing and some things that you can do to help ease your worries. Rebalancing your portfolio. Volatile times can lead to rebalancing opportunities. Market changes can skew your allocation from its original target. We may rebalance your portfolio by selling positions…
Read More2022 2nd Quarter Investment Commentary
 • Stocks and bonds had a difficult start to 2022, falling together through the first half of the year. Rising interest rates amid an inflation spike was the main catalyst. • The economic backdrop remained uncertain with the U.S. economy contracting in the 1st quarter. Data was mixed but recessions risks increased. • Better…
Read MoreDoes Having More Money Equate to More Happiness?
The relationship between happiness and money is complicated. Just consider this sampling of the myriad studies that explore the link between the dollars we earn and the happiness we feel. A study from the 1970s by Philip Brickman, Dan Coates and Ronnie Janoff-Bulman for the Journal of Personality and Social Psychology even found that lottery…
Read More