"I was taught that the way of progress was neither swift nor easy."
- Marie Curie
Volatility has resurfaced in the past few weeks, catalyzed by a growth scare and concerns that the Fed is behind the curve. The outsized market moves have been amplified by the unwind of over-extended and leveraged positions. Economic data does point to some moderation, but non-recessionary growth remains our base case. We are seeing far more volatility in stock prices than the underlying earnings and economic estimates. Encouragingly, profits have set another all-time high this reporting season. How should investors navigate the tricky backdrop? Are there any new catalysts or concerns? As always, we defer to our technical, fundamental, and macro disciplines to assess the risks and guide our outlook. Click to read the full August BakerAvenue Prudence Indicator (BAPI) commentary and view the market update video from BakerAvenue’s Chief Investment Officer, Doug Couden, CFA.
Most of us have biases and cognitive errors that can play a role in our investment decision-making. Recognizing certain psychological tendencies can help you avoid common errors in judgment that may put achieving your financial goals at risk. Read to learn more about three of these common proclivities that may be influencing the way you invest.
With continued volatility and uncertainty in the market, you may be wondering how it's affecting your retirement planning and financial security. Here are answers to questions we've received regarding drawing from your portfolio and Social Security, tax-loss harvesting, and more. Read about action you can take now, considerations, and pitfalls to avoid.
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About BakerAvenue: Since 2004, BakerAvenue has guided clients through personal and professional transitions. Our firm provides comprehensive wealth management and investment expertise for high-net-worth individuals, families, trusts, foundations, and endowments.
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