Our growing economy and relative calm and stability has fueled the market’s advance.
US Economic Outlook: With the resurgence of manufacturing, economic growth is placing upward pressure on prices, interest rates are moving higher, and consumer confidence is pegged at multi-year highs. These are all indicators of a healthier economy. Even under new White House Leadership, rich market valuations, and global unrest, we believe that the economic outlook will stay positive.
There are three well-known, institutionalized ways of investing your money. With the Banking Industry, you can deposit money into Certificates of Deposit and Money Markets. With the Securities Industry, you can buy Stock, Bonds, and combinations of the two. In the Insurance Industry you can purchase life insurance and annuities.
Each way of investing has its own pros and cons. However, each system believes that it is the best solution. Amusingly, each method is eager to point out the others’ shortcomings. Navigating these waters requires reflection, evaluation and balance—and dare we say guidance from fiduciaries like us.