I would like to wish all of you a Wonderful Thanksgiving Holiday! No matter what is going on your world, I’m confident all of us have much to be thankful.
I’m personally thankful for much, as I’m fortunate to have a wonderful family, including my mom, my daughter, son-in-law and 3 cousins and several nieces. I’m thankful I remain good friends with my ex-spouse. I’m thankful for my recent new relationship that is putting a smile on my face. I’m thankful I’m able to get up every morning and begin my day at the gym.
I’m very thankful that I have a passion for being the advisor to so many wonderful clients. I truly come to work excited and full of energy each day. Knowing that I have an exceptional assistant in Ellen Polcari is the icing on the cake.
I hope all of you take the time to reflect and tell the people who are important in your life that you love them!
Markets Pause Last Week
Last week was mostly a flat to down week for equities however the pressure was insignificant.
The Dow Jones was down (.41%), the S&P 500 lost (.29%) and the Russell 2000 was down (.45%).
Internationally, the MSCI EAFE Developed Market Stock Index lost (.57%) and the Emerging Market Index was flat down a mere (.01%)
It will be interesting to see how the European Markets fare going forward as the new ECB chief Christine Largarde is calling for a “new European policy mix that emphasizes the role of fiscal stimulus.”
Bonds last week moved up in value as the Barclay’s Aggregate Bond Index gained .29% and now stands at a positive 8.63% year to date. The 10 Year US Treasury Yield dropped slightly to 1.77%. Keep in mind as we started the year, our 10 Year US Treasury Yield stood at 2.69%.
Question of the Week…
There are a handful of strategies available to arrange for your retirement income. Which strategy arranges your investment assets in a way that the funds you need each year are already in separate buckets and invested based on specific criteria and your time horizon.
- Systematic Withdrawal Approach
- Time Segmentation Approach
- Certificate of Deposit or a Bond Ladder
- Interest/Dividends only for income
Answer to last week’s question…!
How many calories does the average person consume on Thanksgiving Day?
The answer is #2 – The average person consumes 3000 calories on Thanksgiving day!
** This is a WOW!!!; the average person consumes 229 grams of fat on Thanksgiving!!!!