It Is Time to Drop the Financial Sail and Assess Your Next Course

The stock market is in choppy waters. The year to date has been rewarding, but the roller coaster run since early summer should have caught your attention. It is not our place to give you specific advice, but the material we published about stock prices, specifically the S&P 500, in the September 2024 edition of the Trends Report™ should be a must-read as you look forward.

There appears to a market rotation going on within the 11 sectors that comprise the S&P 500. Even if you do not want to read the specifics we highlight, talk to your financial planner to get their take on what is happening. The horse you have been riding so far in 2024 may not be the one you wish to close out the year on.

Most financial advisors agree that reallocating a portfolio based on results, risk tolerances, tax considerations, and life events should be conducted annually if not twice a year. Read what we had to say in the Trends Report or straight up ask your advisor what they are seeing and talk about reallocating as we head to tax-decision time and a new year with new economic risks and opportunities.

The alternative to not going through the reallocation exercise is that you may be dislocated from future wealth.