Quote of the Week
"Most big, deeply satisfying accomplishments in life take at least five years to achieve. This can include building a business, cultivating a loving relationship, writing a book, getting in the best shape of your life, raising a family, and more. Five years is a long time. It is much slower than most of us would like. If you accept the reality of slow progress, you have every reason to take action today. If you resist the reality of slow progress, five years from now you'll simply be five years older and still looking for a shortcut." - James Clear, author of Atomic Habits.
Our Thoughts- What’s on the Horizon for the U.S. Economy?
2022 has certainly been a year of volatility in the stock market. As a result, we're having a lot of conversations with clients about what has induced the market pullback, what's on the horizon for the rest of the year, and what it all means for your portfolio. Therefore, we wanted to compile our thoughts into one blog post and share it with you below. If you have any follow-up questions or want to discuss further, please submit a request below or give us a call at 615.370.4040.
M&A Minute: What is the Standard Deduction?
In 2017, the tax law was changed to highlight the standard deduction. This update eliminated the need for many individuals and families to itemize deductions on their tax returns. But how does it work? What's the deduction amount? See the video below where Austin and Steve unpack it in 60 seconds.
Chart of the Week
Our investment motto is to buy good investments and hold them for the long term. We use that strategy for a number of reasons, but a big one is due to how moving in and out of the market can harm long-term growth. To show that, see the visual below from Capital Group that shows an investor's return over a 10-year period when missing out on some of the best trading days.
What are the Best Cities for Work/Life Balance?
Kisi, a European software company, took the time to research which cities provided the best work-life balance. The factors included safety, healthcare, remote jobs available, the number of days of paid paternal leave, outdoor space, air quality, and inflation. See the list below and let us know if you agree or disagree. (Spoiler: not one U.S. city made the list!)
Oslo, Norway
Bern, Switzerland
Helsinki
Zurich
Copenhagen, Denmark
Geneva
Ottawa, Ontario
Sydney
Stuttgart, Germany
Munich
As always, thanks for reading, and have a great weekend.
Any opinions are those of Barry McCall, Steve Alverson, and Austin Coley and not necessarily those of RJFS or Raymond James. The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. There is no assurance any of the trends mentioned will continue or forecasts will occur. The information has been obtained from sources considered to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Investing involves risk and you may incur a profit or loss regardless of strategy selected. This is not a recommendation to purchase or sell the stocks of the companies pictured/mentioned.
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