Hello ,
What a great start to the year we got in the first quarter with many major U.S. indices hitting all time high's yet again.
2020 First Quarter Investment Market Report
What a difference a year makes! Unlike the situation in the first quarter of 2020, U.S. stocks posted healthy gains since the start of the year, and there is optimism that the recent flurry of government checks to individual consumers, plus the huge infrastructure project on the drawing board, will give the economy a shot in the arm. Other countries are looking at the U.S. bull market with envy, and the American economy seems to have weathered its biggest challenge since at least 2008.
Return on Tax Investments
You might wonder what you get in return for your tax dollars. The question isn’t so far-fetched; after all, the government collects those taxes—theoretically, at least—in order to give you back a comparable value in services like police protection, education, infrastructure and a social safety net.
COVID Relief From Congress
There’s a lot to unpack in the newly-passed, newly-signed American Rescue Plan bill, beyond the fact that the government is once again sending checks out to American families. The goal is to help relieve the economic suffering caused by the COVID pandemic in a variety of sectors.
Travel Insurance Basics
Someday, maybe before long, it will become normal again to get on a plane, and the more daring of us might even decide to travel outside the United States. But as we ease back into long-distance vacations, there is going to be an uneasy period where there are greater than normal numbers of cancellations, delays and (though we hope this never happens) the need for medical care in a foreign destination.
High Prices, Low Rents
We are definitely living in strange times, with a year of pandemic, microscopically low interest rates, a soaring stock market and everybody walking around looking like bank robbers. And so there were bound to be odd distortions in different sectors of the economy.
Please let me know if we might be of assistance.
Have a wonderful rest of your day,
Ashley Murphy, CFP® AIF®
Areté Wealth Strategists, LLC.
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