Newsletters

US stock markets had an excellent year in 2024 and outperformed international and emerging markets.

The price-to-earnings (P/E) ratio discount of international stocks vs. US stocks is greater today than the 20-year average.

It makes sense to rebalance your portfolio when your stock allocation gets either too far above or below the target allocation.

The US equity market posted positive returns for the quarter and outperformed both non-US developed and emerging markets.

Developed markets outside of the US posted negative returns for the quarter and underperformed the US market, but outperformed emerging markets.

Within the US Treasury market, interest rates generally increased during the quarter.

The US equity market posted positive returns for the quarter and underperformed both non-US developed and emerging markets.

REIT indices outperformed equity market indices.

The Bloomberg Commodity Total Return Index returned +0.68% for the third quarter of 2024.

Review your marginal tax brackets for ordinary income and capital gains rates to decide which account to withdraw from.

Don’t make the mistake of overfunding retirement accounts at the expense of your brokerage (taxable) accounts. It’s important to have non-retirement assets for flexible spending and savings goals. If you haven’t set up a taxable brokerage account, perhaps this is the next move to make for any money leftover that you haven’t found a home for

End of year provides you with the opportunity to think about managing liabilities. Consider the relative advantage to paying down debts with assets. What is the tax impact of doing so? Would it make a difference to your peace of mind?

Cycles of US stock outperformance and underperformance vs. International stocks are normal.

The international equity outperformance from. 2000 to 2009 was especially painful for US investors because US stocks averaged negative returns for 10 years - now known as “The Lost Decade.”

Valuation measures such as price-to-earnings ratios lead some to believe that International stocks may outperform US stocks over the coming yearsmay outperform US stocks over the coming yearsmay outperform US stocks over the coming years

The US equity market posted positive returns for the quarter and outperformed non-US developed markets, but underperformed emerging markets.

The Bloomberg Commodity Total Return Index returned +2.89% for the second quarter of 2024.

Interest rates generally increased across global developed markets for the quarter.