The Scott Report (June 2023)
As I have in the past, I am quoting J.P. Morgan’s famous statement when asked what he thought the stock market would do that year?
It Will Fluctuate
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And that, my friends is exactly what the market has done in 2023 and will most likely continue to fluctuate. As I discussed in our May 2023 newsletter, the market has been climbing the wall of worry. Despite the high anxiety, there are signs of a firmer tone to stock prices and a change of trend from negative to positive in select sectors of the economy.
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Look at the two charts below: S&P 500 index1 and the NASDAQ composite.2
You’ll notice on both charts we’ve highlighted two lines titled channel lines. This is one of the basics of “Charting 101” and can be very helpful in determining risk and reward. What these charts tell me is that the downtrend has reversed, a positive trend has evolved and suggests that the Buyers have the ball and more upside potential might be achieved. **
From a different perspective I see it as a shift towards growth. For our clients, I will employ the process we have used for decades at The Wealth Management Group to manage their growth.
Insurance Products: Replacing your paycheck with Lifetime Income!
- Doesn’t it make more sense to look at options that are designed to remove this liability from your balance sheet?
- Wouldn’t you be less stressed and more relaxed about your money and your life?
- Wouldn’t you be happier knowing that you were always going to be paid?
Happy people have more fun!
And you deserve that!
RISK MANAGEMENT
How much risk are you really taking? Can you put a dollar number on it? Did you know that you can put a number on it?
We use a technology that helps you assess your risk and lets YOU decide personal your risk exposure.
If you are curious to know what your Risk Number is, email me at scott.lask@wedbush.com and write MY RISK NUMBER on the subject line. It’s simple, easy and quick. And no cost.
To visit all of our blog content click here: THE SCOTT REPORT
LIABILITY MANAGEMENT
Folks, in my opinion, the best way to manage your assets is to manage your liabilities. To put it another way: If you don’t carefully manage your liabilities, this could impact your ASS-ETS!!
Your Focus of the Month
Review and update your insurance portfolios.
Here is what I suggest focus on:
- Do you need less or additional coverage?
- Your current dividend rates.
- Are your policy features & benefits out of sync with the current state of the art policies?
Let me make you aware that our insurance partners through Wedbush Securities, Inc have been helping our client manage the liability side of your personal balance sheet. The conversations have been productive and fun!
YEAH, SUMMER IS HERE!
Friends, with the long Memorial Day holiday weekend just behind us, I wanted to give thanks and share some personal thoughts.
First, to all our veterans, I say thank you for your service to our country. My generation grew up totally free because of our veterans. So, thank you all!
Your Focus of the Month
Review and update your insurance portfolios.
Here is what I suggest focus on:
- Do you need less or additional coverage?
- Your current dividend rates.
- Are your policy features & benefits out of sync with the current state of the art policies?
Let me make you aware that our insurance partners through Wedbush Securities, Inc have been helping our client manage the liability side of your personal balance sheet. The conversations have been productive and fun!
Second, it is summertime. Do your best to get out there and have some fun. You deserve it! For me it means more BBQs, beach time, golf, fine dining and playing a lot more Guitar!
Whatever it is for you, Get After It!
TO BE CONTINUED…
INVESTORS LEARNING FORUM
Investors need and should have continual learning. To that end, please join us at the monthly ZOOM meetings of the Investors’ Learning Forum where all are welcome to come, learn, ask questions, and share common concerns. For the schedule and topics please click here.
