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Words of Candor

With the tax filing deadline just around the corner (April 15th!), now is the perfect time to start organizing your tax information. Proper organization not only simplifies the tax preparation process but also ensures that you maximize deductions, avoid penalties, and file your taxes accurately and on time.
In last month’s article, I addressed a common question… “Is now a good time to invest?” I referenced in that article that over the past 20+ years, investors could always find a reason to stay away from the markets. The reasons to avoid investing included events like the fallout of the Global Financial Crisis, the Dot-Com bubble, Trade Wars, the War on Terror, and even different biological concerns like the Ebola and Coronavirus epidemics. Yet, despite all of these events, the annualized return of the S&P 500 Total Return Index was about 7%. While I think that just that piece of information is powerful, it only captures one window of returns from 2000-2023. What about all the other years and combinations? 
Back in April of 2023, I had the opportunity to speak to a local group of Orlando business owners and retirees with John Kennedy. We were initially asked in January to talk a bit about our company and some timely topics, and by the time April rolled around, the financial markets were in disarray giving us much to discuss. Signature Bank and Silicon Valley Bank were failing, Credit Suisse looked suspect, and First Republic Bank was teetering on the edge of insolvency as well. A few short months later, all four institutions had failed or were neatly tucked into other banks before they could fail. A crisis was averted as this did not spread to the economy as a whole and while we did explain what happened to these banks, we also spent an equal amount of time explaining why these events were not to be feared. Rather, these events can often present different buying opportunities for long term investors, and 2023 ultimately proved us right.
As we usher in a new year, it's that time again – the season of resolutions and fresh starts. Among the top contenders for our resolutions list, financial goals often claim the top spot. After all, what better time to assess, plan, and set the course for your financial future than the beginning of a new year? In this blog post, we'll explore some key considerations and insights to guide you in setting meaningful financial goals for 2024.
Now that we have passed the 30-day mark for the most recent Israeli-Hamas conflict, I wanted to take the opportunity to see how the market performed in the immediate aftermath.