In this month’s newsletter we cover AI-related stocks, rising interest rates and the growth of ETFs
On this episode of the Barry Broadcast, Joe Barry provides a market update covering three important trends impacting investors this year, including: The rapid growth in AI-related stocks, why rising interest rates are benefiting fixed-income allocations, and how the recent growth in ETF offerings has helped investors.
The Nasdaq 100 index, which tracks the top non-financial firms based on their market capitalization, saw industry leaders such as Apple and Microsoft represent over a quarter of its total market cap in April 2023. Alongside the next five leading firms - Alphabet, Amazon, NVIDIA, Meta, and Tesla - they accounted for over half the index's total weight, highlighting the significant influence of these key players in the market.
Employee Highlight
Liz Garvey, CFP®
Liz Garvey has been at Barry Investment Advisors for thirteen years and was recently promoted to Vice President, Director of Financial Planning! In addition to her role as a Financial Planner, Liz recently obtained her Certified Divorce Financial Analyst (CDFA®) certification, allowing her to provide financial guidance to individuals going through divorce proceedings.
Liz's level of dedication, commitment and loyalty to both her clients and our team is extraordinary. For those of you (and us!) who have worked with Liz, you know that she truly will go above and beyond to assist you. She consistently strives to succeed at everything she does and wants the same for her clients and team. Something that you may not know is that Liz also has a quirky side of her and is always adding a bit of humor to conversations with her silly one-liners and comments!
It goes without saying that we all enjoy working with Liz and appreciate her motivation and drive to be the best she can be every day!
Investing Wisdom
“The lack of money is the root of all evil.”
– Mark Twain
The Lighter Side of Investing
Barry Team Happenings
This picture was taken at our team outing a couple of weeks ago. The entire team (and families!) enjoyed a night at the Newport Polo match in Middletown, Rhode Island! It was a fun night filled with great food, drinks, conversation and even some divot stomping!
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