In this month’s newsletter, we discuss Chat GPT, gold, and rental rates
March is an important month for women around the world: the month of March is Women’s History Month and March 8th is International Women’s Day. We hope you are enjoying the start of Women’s History Month and the waning days of winter!
If you have any questions about the investment markets or your personalized plan of action, we invite you to connect with our team.
Best Regards, The Barry Team
Best of the Blog
Why Are Central Banks Stocking Up On Gold?
Since the early days of the COVID-19 pandemic, gold has massively underperformed relative to other...
During the Covid-19 pandemic, the real estate market surged around the world. And with it, rental prices sky rocketed. This chart shows the prolific climb in rental rates during the last four years and the more recent trend. The good news for renters: year-over-year growth in rental rates has returned to near zero. The bad news: rental rates are still well above 2019 levels. Discretionary spending is a key component of U.S. GDP, and charts like these are important for understanding the broader macroeconomic environment.
Employee Highlight
Kate Alves
Starting this month, we thought we would change things up a bit and highlight a Barry team member so that all of you can become more familiar with the team and maybe learn something about that person that you didn't know.
To kick it off, we will start with Kate Alves!
Kate has been working with Joe Barry for over THIRTY years. Kate's time at Barry is the ultimate success story. She started with Joe as an Administrative Assistant in 1992 and shortly after that, became a trader. Kate then obtained her CFP® license and became a CERTIFIED FINANCIAL PLANNER™ and is now a Financial Advisor and President of the firm. Kate's energy is uncanny, and she is a true motivator for the team. She leads the team using many of the lessons that she learned back in her (State Championship!) softball and field hockey days. Specifically, that individual achievement is critical to success but as a team, you need to put the team's interests above your own. Her focus on bringing the team together as a cohesive unit to serve our clients to the best of our ability is of utmost importance.
Not only is Kate a great team leader, but she is also a Bourbon Connoisseur! She can tell you pretty much anything you want to know about bourbon and is about to learn even more, as she and her family plan to spend a week touring different bourbon distilleries in Kentucky this summer.
Thanks for all that you do for Barry, Kate!
Investing Wisdom
“What is right is not always popular and what is popular is not always right.” Albert Einstein
The Lighter Side of Investing
Barry Team Happenings
During February, Dan Pinheiro completed Ed Slott’s IRA Success program through the American College of Financial Services. The IRA Success program helps advisors gain knowledge on various topics including the SECURE Act, Individual Retirement Accounts (IRAs), trusts as IRA beneficiaries, required minimum distributions (RMDs), estate planning with IRAs, and more.
The team held its Annual Offsite Business Development meeting in February, where we discussed various marketing and networking initiatives.
Tyler Craig's birthday was on February 19th. Happy Birthday, Tyler!
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