As I begin my 29th year as a Financial Advisor, it still amazes me how much emphasis is put on NEW YEAR predictions. It might be a “feel good” moment when one sees a large firm predict the market being up 10% or more, yet these predictions are rarely right…like the weatherman. In fact, last year, all of the large firm market forecasts were wrong.
Last year, I suggested in January we were due for a tough year and that bear markets or corrections are healthy and happen every so often. S&P 500 down nearly 20% and Bonds down nearly 15% for 2022. It was one of those rare years where both bonds and stocks were down. The good news for 2023 is that bonds now yield over 4% and will provide a nice dividend going forward. The stock market, however, has more potential volatility ahead and is tough to call in the next 6 months. I believe we will have more clarity on this recession and the FED over the next quarter or two.
Our team continues to diversify our clients for long term, with a focus on dividends. We continue to keep liquidity a priority for our retired clients so they can continue their active lifestyle into 2023. Thanks for your confidence and here is the summary on the numbers: Annual Summary 2022
Jeff is enjoying more free time, with both kids in college, golfing/visiting family/hawks games. Here is a snapshot from their visit during the holidays.
The McKane family has been busy this fall. Hughes started playing NYO tee-ball and soccer and Ridley continued to participate in Tophat soccer and played some basketball. Kevin and Meg rang in the New Year by attending the UGA win over Ohio State….Go Dawgs!!
