Blog Investment & Financial News
2023 1st Quarter Investment Commentary
Stocks, as measured by the S&P 500, rose for the second quarter in a row but remain in a year-long trading range. The second largest bank failure in U.S. history quickly changed bond yields. Markets were priced for interest rate cuts by the end of 2023. The dramatic change in interest rate expectations caused a…
Welcome, Glenn!
All of us at Leonard Rickey Investment Advisors want to welcome and introduce our newest team member, Glenn McKee! Glenn started working at Leonard Rickey Investment Advisors in April. You will find him at our Yakima office working alongside Matt in investment analysis and trading. Glenn recently graduated from Central Washington University with a…
Form 5498
If you made a contribution to an individual retirement account (IRA) in 2022, you will receive a Form 5498 in May 2023. By this time, you have likely already filed your taxes and reported any IRA contributions. You should keep the Form 5498 with your tax records. It is a copy of the form from…
Yakima Shreds & Meds Day – April 22nd
Mark your calendars! The next Shreds & Meds event will be held on Saturday, April 22, 2023 at the Valley Mall next to the old Bank of America Building from 9 a.m. – 1 p.m. You can safely dispose of your unused or unwanted medications and safely destroy your unwanted personal documents. Maximum two banker boxes or three grocery bags…
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…
Welcome, Vicky Aguilar!
All of us at Leonard Rickey Investment Advisors want to welcome and introduce our newest member of the team, Vicky! Vicky started working at Leonard Rickey Investment Advisors in February 2023. You will find Vicky at our Richland office! We asked Vicky to tell us a little bit about herself below: What is the…
Market 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…
Debt Ceiling: Should Investors Worry?
The U.S. debt limit – commonly called the debt ceiling – is the total amount of money that the U.S. government is authorized to borrow. When the debt limit is reached, the government can no longer borrow money to cover its obligations. Congress has raised or suspended the debt ceiling over one hundred times since…