In This Issue:
- Market Volatility is Back
- In the Spotlight: Jeremy Represents CA FPA in Sacramento
- Upcoming Events
- Market Update
- 2024 Tax Information
Market Volatility is Back
We understand that recent stock market volatility can be concerning. It’s important to maintain perspective during these times. To help with this, we’ve included a few charts from our friends at First Trust, illustrating historical stock market performance through various major events and crises. We believe this historical context is crucial for long-term investors.
Our primary advice is to remain disciplined and focused on your long-term financial goals. Remember, the financial plans we create, maintain, and update are designed to navigate all market cycles. These plans guide our investment allocations and help us stay on track.
We are actively monitoring your portfolios. We will strategically rebalance when necessary to buy assets that are undervalued and sell those that have performed well relative to the rest of your portfolio.
Additionally, we will continue to tax-loss harvest in taxable accounts when appropriate, to potentially offset capital gains.
Please do not hesitate to reach out if you have any questions or concerns.
13th Annual – FPA California Advocacy Day
We’re excited to share some snapshots from Jeremy’s recent trip to Sacramento! As President of the California Financial Planning Association, he proudly led a delegation to the state capitol, meeting with representatives to advocate for expanded financial literacy opportunities – a cause close to his heart and reflective of his dedication to our community.
- Please send us a copy of your completed 2024 tax returns so we can review them for potential planning opportunities. For secure and efficient delivery, please upload your documents directly to the vault in your planning portal. If you need assistance accessing your portal, please feel free to contact us.
- Baseball Season is here! We’re planning some fun client events to celebrate. Keep an eye on your inbox for more details coming soon!
Market Update
As of March 27, 2024*
- S&P 500 is down -2.90% YTD
- Dow Jones Industrial Average is down -0.17% YTD
| *Year-to-date performance data provided by S&P Global and reflects the total return of the S&P 500 and Dow Jones Industrial Average indices. |
2024 Tax Information
- Charles Schwab: Tax forms will be available from January 31st through February 28th. Click here for a link to the release schedule for specific Schwab tax forms. You may also find this Schwab Tax Guide helpful in understanding the various tax forms you may receive from Schwab.
- Altruist: If your accounts are held at Altruist visit the Altruist Tax Center to download copies of your 2024 Consolidated tax forms. Your tax documents should be available by the end of today.