Crime related to fraudulent new accounts is responsible for 80% of all identity fraud reports. If you haven’t already, consider freezing your credit at TransUnion, Experian, and Equifax to help prevent unauthorized credit cards and loans being opened in your name.

A recent Vanguard study highlighted the difficulty in market timing: If an investor invested $100,000 from 1996 to 2024 into a balanced 60/40 portfolio and left it alone, it would be worth $865,000. If they tried to time the market and missed out on just the best 5 days, they would be left with $659,000. Similarly, they would have $540,000 if they missed just the best 10 days.

In the past four years, the S&P 500 has experienced two bear markets resulting in declines of more than -33% in 2020 and -24% in 2022. Despite these declines, the S&P 500 has gained more than 58% over this period. Focusing on the bigger picture and tuning out the short-term noise is helpful in maintaining your long-term strategy.

In 2023, Elser Financial clients gifted more than $8.6 million tax efficiently to charities through donor-advised funds and qualified charitable donations. Thank you for giving back to your communities!

The Federal Reserve held interest rates steady in September, but kept open the option of another rate hike in the near term. They forecasted that rates may stay above 5% through 2024 due to a resilient labor market.

The growth in the market in the first 5 months was largely due to a small group of stocks, demonstrating the difficulty in selecting the “winners” (see reverse side graph). Although economic indicators have been signaling a slowing U.S. economy, breadth expanded in June and the markets performed well.