Did you lock that mortgage rate in? Did you move from stocks to bonds?

Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

Published by Jason Comes, Wealth Advisor

Most voters were caught off-guard last month when President Elect Donald Trump won the election. And yes, many Wall Street firms were wrong about their stock market predictions if Trump won as well.

After the initial election night scare, all of the major stock indices have gone up since the election while many of the bond indices have gone down, with some down especially hard. The most important thing to remember about investing in bonds is that interest rates and bond prices are inversely correlated, as interest rates rise prices will fall. So where did the election leave you?

Chances are if you were in the market to buy a home or long on bonds, the market since the election has not been kind to you. With average 30-year-mortgage-rates up from 3.54% to 4.13% (as of Dec 8) according to Freddie Mac. Bond investors were burned as well as the Barclays U.S. Aggregate Bond Index lost 2.62% from Nov. 8 – Dec 2. Longer term bonds were down as much as 8%.

Major changes in macroeconomic trends or geopolitical uncertainty can cause investors to make impulse decisions. However the uncertain nature of the stock market makes trying to the time the market nearly impossible. I would recommend that you review your portfolio for a rebalance once or twice a year. Let us help in giving you a second opinion in these most uncertain times.

cwm-cta-button

 

Share:
facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.
Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

RECENT POSTS

Your Most Common Social Security Questions Answered

Chances are good we’ve all felt a bit like Rachel on “Friends” when she peruses her first paycheck in bewilderment and says, “Who’s FICA? And why’s he taking all my money?”

Claiming Your Social Security Benefits Early: When It May Not Pay to Wait

Ryan Yamada, CFP®, Senior Wealth Planner We’ve all heard the conventional wisdom when it comes to claiming Social Security: you should wait as long as you can before claiming benefits. Wait right up to age 70, if possible. After all, that’s when you would get the greatest monthly benefit.

Which Medicare Plan Is Best for You?

Scott Budd, CFP® Senior Wealth Planner  Choosing the right Medicare plan is one of the most important decisions seniors are faced with. It’s also one of the most difficult. The health care system isn’t user-friendly to begin with. Stack all the Medicare options on top of that and you& …
1 2 3 4 5 6 7 106 107 108

Get in Touch

In just 15 minutes we can get to know your situation, then connect you with an advisor committed to helping you pursue true wealth.

Schedule a Consultation