In this month’s newsletter, we discuss year-end planning and the Buffet Indicator
We hope you and your family are enjoying the fall!
On this month’s podcast, Liz Garvey and Beth Parker discuss the key year-end planning topics to have on your radar. As always, we invite you to connect with our team if you’d like help on any of the topics we discussed.
The “Buffet Indicator” compares the total market cap of the U.S. stock market to U.S. GDP. The higher the value, the more expensive U.S. stocks are relative to economic output.
This indicator can be tracked over time, and historically, higher readings on the Buffet Indicator are correlated with lower forward-looking returns. Conversely, lower readings on the Buffet Indicator tend to correlate with higher forward-looking returns.
This chart shows the projected annualized market returns — as suggested by the Buffet Indicator — for 26 developed and emerging markets. This is just one of many ratios tracking the market, so take the exact projections with a sizeable grain of salt.
However, the key takeaway is this: Emerging markets have lower valuations today than their developed market counterparts, meaning they could hold opportunities for the value investor.
Employee Favorites
A custom book company
I See Me is a company that makes personalized children’s books. They make an excellent keepsake for new babies, siblings of new babies, or a holiday gift. We hope you enjoy these books as much as we do!
Thank you to all of you who were able to attend our Cyber Security Webinar on October 27th. We hope that you enjoyed it and found it informative.
Kate and Joe played in a golf tournament in early October hosted by First Trust where they were able to engage in some friendly competition with other local advisors.
Liz is now a Certified Divorce Financial Analyst, as she sat for and passed the exam this last month. Congratulations, Liz!
The team held a baby shower for Liz to celebrate the upcoming arrival of her baby girl. We can't wait to meet her, Liz!
Kate and Dan both celebrated a birthday in October - Dan on October 7th and Kate on October 28th. Happy Birthday, Dan and Kate!
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