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Well Balanced | Financial Planning, Bucket-Based Investing, Market Perspective, Wealth Management. A passionate and entertaining look at money and investing in and for retirement. For those that enjoy podcasts like Smart Money, On Investing, and BiggerPockets, Well Balanced is worth adding to your feed. Disclosures about our firm and this podcast. Vector Wealth Management is registered as an investment adviser with the Securities Exchange Commission (SEC). Registration as an investment adviser does not constitute an endorsement of the firm by securities regulators nor does it indicate that the adviser has attained a particular level of skill or ability. A copy of Vector’s current written disclosure brochure filed with the SEC discusses among other things, Vector’s business practices, services, and fees, and is available through the SEC’s website at: www.adviserinfo.sec.gov. All content in this podcast is for information purposes. Opinions expressed herein are solely those of Vector Wealth Management, our staff, and guests. Material presented is believed to be from reliable sources, however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed directly and in detail with your financial advisor prior to implementation. This podcast and related content are not intended to render personalized investment advice, nor should it be viewed as an offer to buy or sell, or a solicitation of any offer to buy or sell the securities or strategies discussed. Please note that neither Vector Wealth Management nor any of its agents give legal or tax advice. The firm is not engaged in the practice of law or accounting. Charts, graphs, and returns do not represent the performance of Vector Wealth Management or any of its advisory clients. Returns do not reflect the impact that advisory fees and other expenses would on the results. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment or strategy will be suitable or profitable for a client’s portfolio. All investment strategies have the potential for profit or loss. Past performance is not indicative of future performance. Visit vectorwealth.com/regulatory for the firms form CRS and ADV.
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Friday Aug 23, 2024
Friday Aug 23, 2024
News Recap: Inflation, Mortgage Rates, and the Stock Market.
Learn why owning assets that outpace inflation is a key tenet to navigating today's economic landscape. We explore recent trends in inflation, mortgage rates, and the stock market, offering insights on how to preserve your purchasing power.
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Transcript:
In this episode of Market Perspective, we will explore recent developments in the financial world and what they could mean for you. Specifically, we’ll discuss how recent trends in inflation, mortgage rates, and the stock market are shaping the economic landscape—and why owning assets that outpace inflation is crucial for preserving your purchasing power over time.
First up, let’s talk about inflation. The latest report shows that inflation has cooled to 2.89% year-over-year. This rate is significantly lower than the peak of 9% we saw in 2022. While inflation has certainly come down, it’s important to remember that prices are still rising—just at a slower pace.
Here’s the thing: when we talk about inflation, it’s not just about the rate of change. The overall cost of goods and services is still increasing, which means your dollar doesn’t stretch as far as it used to. This is where the concept of owning assets that outpace inflation comes into play.
Now, let’s pivot to the housing market. Mortgage interest rates have fallen to a 15-month low of around 6.5%, which is encouraging news for those looking to buy a home. Lower rates can mean lower monthly payments, potentially making homeownership more accessible. However, there’s a catch—home affordability remains a challenge. Despite the drop in interest rates, home prices are still relatively high, making it difficult for many to enter the market.
Finally, let’s discuss the stock market. In July and August, the U.S. stock market experienced a decline of about 8.5%, only to recover to near all-time highs. This volatility can be unsettling, but it’s a natural part of the market cycle.
A key tenet here is to plan for uncertainty to avoid becoming a forced seller in a down market. It’s about having the discipline to hold onto your long-term investments during periods of short-term volatility.
The takeaway: Inflation may be cooling, but it’s not gone. Mortgage rates may be dropping, but affordability is still a challenge. And while the stock market can be volatile, we believe it will grow and outpace inflation over the long term.
Please let us know if you have questions about markets, the economy or financial planning. Check out our insights blog for a variety of topics and formats perfect for sharing with friends and family.
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