Advance Wealth Management News:
As you work to build a finical future for yourself and the one’s you love. You must consider the world around you and the outside factors that will impact how your wealth can grow and thrive in a Global Economy.
May was a very positive month for the U.S. Unemployment ticked up a little to 5.8%, substantially down from peak numbers of 14.7% +/- in 2020. We believe unemployment should continue to decline as economic restrictions normalize and unemployment extra benefits expire. As the economic opening evolves, many economists and analysts have struggled with forecasting what the future holds for the U.S. economy but most would agree that this year will be very robust economically compared to last year with wage and supply chain inflation on the horizon. On the international front, many countries are still struggling with vaccine traction with Europe stumbling economically and falling into what looks like a double dip recession, hopefully a shallow one.
Other news on the economic front is that the vast majority of leading economic indicators still show a robust economic recovery in 2021. The market (as measured by the S&P 500 ETF, SPY) was up .66% +/- for the month building on the year’s gains and giving us a very solid start for the year of 12.35% +/-. At AWMS we still own equities/stocks for the same reasons we always have and that is for their long-term growth and consistent dividend cash flow. Although stock values can be volatile at times, dividend and interest payments continuing to pour in like Victoria Falls.
Please continue to make healthy decision like washing your hands, getting plenty of sleep, eating balanced meals, staying hydrated and take a stroll if you feel like it. Reach out to a friend or loved one and have a great conversation.
Until next time, be well and keep putting one foot in front of the other. If you are not a client and would like to receive our newsletter, please use the contact tab on our website and drop us an email.
Thaddeus Phelps, President
This commentary on this website reflects the personal opinions, viewpoints and analyses of an Advance Wealth Management Service, LLC employee, and should not be regarded as a description of advisory services provided by Advance Wealth Management Service, LLC or performance returns of any Advance Wealth Management Service, LLC client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a