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.
August was another positive month for the U.S. Unemployment dropped to 5.2%, substantially down from peak numbers of 14.7% +/- in 2020. We believe unemployment should continue to decline as the economy starts to fire on all cylinders and labor participation increases. Economic re-opening nears completion with only labor participation, some nagging supply chain issues, and Covid starting to wane after what some argue would call a peak in hospitalizations making headlines. Economic consensus and leading indicators continue to see the next couple years being very robust economically compared to 2019 with Federal Reserve tightening and inflation due to wage and supply chain pressure on the horizon. On the international front, many countries are gaining vaccine and economic traction on several fronts.
The market (as measured by the S&P 500 ETF, SPY) was up 2.98% +/- for the month building on the year’s gains and giving us a very solid start for the year of 20.78% +/-. 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 continue to pour in like Iguazu Falls.
Please continue to make healthy decision like washing your hands, getting plenty of sleep, eating balanced meals, staying hydrated and taking 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/Director of Investments
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 recommendation to buy or sell that security. Advance Wealth Management Service, LLC manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.