PHOENIX - Nov. 18, 2024 - PRLog -- Trajan Wealth shares its October 2024 Market Review, authored by Chief Investment Officer Udayan Mitra, CFA. Read the full review here.
October 2024 Market Review
- Following the 2024 US General Election, US equities are up, while bonds are declining. "Pro-growth" policies, such as making the 2017 Tax Cut and Jobs Act permanent by a second Trump Administration, are expected, as are rollbacks of many corporate regulations.
- Heading into the US General Elections, US Fixed Income returns fell sharply. While the US equity markets stalled during the month, US equities as an asset class remained resilient year-to-date despite previous quarterly earnings.
- Our recommendation is still based on multiple factors, including remaining earned income horizons, short and long-term liquidity needs, and risk tolerance levels. Time and disciplined investing have proven to be the most effective ally in wealth accumulation.
- Market forces determine outcomes over the long term rather than political prerogatives. Remain diversified to attain the best possible risk-adjusted investment outcomes.
- We see growing levels of our nation's fiscal indebtedness as a source of potential systemic risk.
- Make precautionary adjustments to mitigate tail-risk in our clients' strategic asset allocations for investment and fixed-income markets. Allocations to "real assets," such as Infrastructure and certain real estate leases backed by high-quality properties, could be part of qualifying clients' overall asset allocation.
- Plan for higher taxes as we navigate past the next few years. The prospect of frozen or diminished benefits from entitlement programs such as Social Security and Medicare should also be factored into saving/investing and spending habits.
- We caution against making impulsive changes to our clients' investment portfolios based on the 2024 election result. US markets have proven remarkably resilient regardless of party. Take a long-term view of markets and maintain a disciplined approach based on investment goals and risk tolerance rather than election outcomes.
Trajan Wealth, LLC was founded in 2012 by CEO Jeff Junior. Before his 20+ years in the financial services profession, Jeff served in the United States Marine Corps. He continues to serve his clients and employees with the utmost service, respect, and attention to detail.
By using low-cost, diversified portfolios under its fiduciary standard and working closely with its investment advisors and estate attorneys within one office, the company provides long-term support for client's retirement needs and estate plans, including wealth accumulation and tax planning strategies. The firm has locations across Arizona, Colorado, Florida, Georgia, Texas, Utah, and Illinois.
For more information, visit https://trajanwealth.com or call 1-800-838-3079.
Disclaimer:
*Advisory services offered through Trajan® Wealth L.L.C., an SEC registered investment advisor. Legal services are offered through Trajan® Estate, L.L.C. in Arizona and Utah, and independent law firms in other states. Private equity may require accreditation.
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Source: Trajan Wealth
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