S&P 500 Concentration Craziness: Can the Outperformance of the Magnificent 7 Continue?
If you read DWM’s 4q23 Market Commentary, you are already familiar with the term “Magnificent Seven.” If not, these are Apple, Microsoft, Amazon, Alphabet, Meta, Nvidia, and Tesla, tech stocks that soared +111% in…
Leaving a Legacy That Lasts is More than Money
Someday, your physical life on this Earth will come to an end. You’ll leave behind your legacy. Certainly, you will likely leave money and property. You can also leave a positive, memorable impact on others- family, friends,…
Bitcoin Spot ETFs Approved
For the last decade and a half, the majority of individual investors have held some confusion and uncertainty regarding the cryptocurrency, Bitcoin (BTC). Most didn’t understand what cryptocurrency actually was, the blockchain…
Avoid the Estate Planning Mistakes of Celebrities
In this week’s blog, we’re diving into the glamorous yet often complicated world of celebrity estate planning. It’s not all red carpets and award shows; even the stars can stumble when it comes to managing their wealth for the future….
The Economy is Doing Well- Why are so Many Americans Unhappy?
The very good results are confirmed. The 3Q23 GDP came in at 4.9%. GDP is net of inflation. This is a real increase- double of 2Q23. Consumer spending, which makes up 68% of GDP, keeps charging ahead. And the job market is doing well….
Planning for Your Later Years- Part 3
In the last two weeks we have reviewed the pros and cons of aging in place here and outlined basic information about the costs of senior housing here. Today we will provide information about long-term care insurance, income and estate…
Fed’s Rate Hike Yesterday May Be Its Last
As expected, the Federal Open Market Committee hiked rates .25% yesterday. It moved the Fed Funds Rate to a range of 5.25% to 5.5%. This is a 22-year high. Fed Chair Jerome Powell said it was too soon to tell whether this was the last…
Japan Confronts a Sea Change
Big changes are happening in Japan. Since the early 1990s, Japan has been fighting persistent deflation. Their inflation rate from 1995 to 2022 has been a low of negative 1.35% to a high of 2.76%. Consumer prices actually fell in…
Diversification and Fundamentals Matter
By one measure, the S&P 500 index, excluding dividends, has slipped into negative territory for 2023. In another, the S&P 500 is up 9.5% since January 1, 2023. The difference is whether you look at all 500 stocks and weigh them…
Debunking Common Credit Score Myths
Having good credit is a big deal. Your credit score not only tells a lender if you’re worthy of credit or not, but it also tells them how much of a premium they should charge on the money they lend you. For someone house hunting…