Quarter 4 - 2024 Newsletter

Welcome to 2025!

Enclosed with this letter is a simplified summary of your investment account values as of

JunDecember 31, 2024. The quarter in brief as of 0701/1608/20254 (1)

3 Month 12 months

Dow Jones Industrial Average +7.940.05% + 8.26+12.83%

S & P 500 +7.942.09% + 8.26+23.62%11

S&P 500 Investment Grade Corp Bond Index - 0.03-3.68% - 0.56+10.49%

After an exceptional stock market run in 2023 and 2024, you may be asking why your portfolio returns might not match those of the S&P 500, a question we often hear after such a run. In the simplest terms, it is because you are not invested in just the S&P 500. Instead, by working together we have built a portfolio that matches your risk/return tolerance, an important step in making sure that your investment strategy is aligned with your goals and objectives. Entering a new year is a great time to revisit your portfolio allocations A funny The main take away for the first half of thing has happened this year was while that despite everyone was worriedying about a recession, the economy did slowed down but it never entered a recession. The U.S has been adding an average of 234,000 jobs a month, the unemployment rate remains at a near all-time low of 3.9%, first quarter earnings reports were exceptionally good and stock markets are at all-time highs.(2)

to ensure that your portfolio is properly diversified and matches your risk profile to help you remain invested for the long term.

A couple of other quick thoughts as we enter the new year:

Make sure your beneficiaries (both primary and contingent) are correct.
Make sure your wills and estate documents are up to date.
Make sure we have your correct banking information on file for any distributions or contributions you plan to make.
Remember, many of your brokerage 1099-B reports may not be released until late February.

If you haven’t heard, I now have a compliant texting function. So if you ever need anything or have a quick question, feel free to text me at 513-729-9742.