Market Comment from Pacific Wealth Management (Oct)
After a robust first half of 2019, stock markets have been in a state of flux over the last few months and are becoming increasingly concerned about the slowing global and U.S. economies.
After a robust first half of 2019, stock markets have been in a state of flux over the last few months and are becoming increasingly concerned about the slowing global and U.S. economies.
529a ABLE accounts are tax-advantaged savings accounts for individuals with disabilities. The primary benefits include: • Income earned by the account will not be taxed nor will withdrawals for ‘qualified expenses’; a wide array of expenses qualify • Anyone can contribute funds to the account • Value is excluded from consideration in means-testing to determine eligibility for public benefits
The last 18 months have been a roller coaster ride for investors, even though stocks and bonds have delivered strong returns this year. With interest rates around the world declining, the financial markets have been mostly ignoring the increasing number of signs our global and U. S. economies are slowing. The volatility that initially reappeared in 2018, then in early May of this year, and now again within the last week, is increasingly looking like a precursor for more in the future. Although we feel the global economic expansion can continue, our business cycle appears to be in the later stages. Investing is likely to become more challenging from here.
Small California estates with assets worth $150,000 or less may be settled without formal probate proceedings, using relatively simple transfer procedures. However, if the gross estate exceeds this amount and it contains assets which must pass through probate, the estate can expect to incur substantial expenses.
Financial markets are now navigating the negatives of “bumpy” trade negotiations and the positives of a more accommodative monetary policy. We expect our U. S. Federal Reserve Bank will leave interest rates alone through the remainder of the year, and neither raise nor cut rates in 2019.
Residents of San Diego County frequently count their homes as one of the most valuable assets on their balance sheets. In one of the most expensive real estate markets in the country, decisions related to the sale and purchase of property are vastly more impactful. As such, an appreciation of the market dynamics at play is critical to making informed financial planning decisions.