SWP Principal Mike Karmin doesn’t know whether or not the economy is heading for a recession in 2023. He does, though, feel strongly that investors should maintain their allocation to the stock market regardless of whether they believe that the Federal Reserve can successfully execute a soft landing.
In this short video, Mike shares some historical data that supports long-term investment in equities, even if a recession does come to fruition.
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You likely heard about Silicon Valley Bank (“SVB”) this past weekend, and by now, you’ve probably also heard that the government took actions to quell fears that SVB’s failure might lead to a broader “contagion” effect. It seems as though the bank will, in fact, “fail” in the sense that its debt and equity will suffer or be wiped out…but customers will not lose their deposits, even temporarily.
What follows is a brief recap of what happened, and what it means for investors who don’t bank with SVB, but who are concerned about the downstream effects of its failure on their portfolios.
Protecting yourself from identity theft is like playing a game of whack-a-mole. As soon as you take steps to safeguard yourself from one issue, up pops another. And you aren’t alone in this struggle; this is an unfortunate reality of the modern world that we all must manage.
It seems that the latest threat involves checking accounts. In the last few months, an alarming number of friends, clients, and relatives have reported that their checking accounts have been hacked and funds have disappeared. For one friend, it happened twice within two weeks.
When I first saw this chart below from our industry peer, Charlie Bilello, I thought, “well of course, stocks would outperform cash long-term.” However, after my initial hasty reaction, I realized there were some meaningful lessons here.
