Many of you may share in our astonishment that we are nearing the end of 2024! Thank you for the confidence you have placed in us and for riding out what has been a volatile year.
Investors have been rewarded over the past two years with some of the best returns in market history. Additionally, with the much-anticipated election behind us, we currently see some positive signs – inflation seems to be contracting, and consumer confidence appears to be holding.
Your Purus Investment Committee is looking to the future and what this means for your portfolios. In just a couple of weeks, the Federal Reserve will meet to decide if they will cut rates by, what is assumed to be, another 0.25 percentage points or hold rates for now. We continue to position your portfolios for future growth, while being cognizant of unknown factors that may arise.
We thank you again for staying the course, and we wish you and your loved ones a happy holiday season and a wonderful New Year ahead.
"The buzz (can we say, vibe?) surrounding the newly established Department of Government Efficiency (DOGE) is undeniable. But the question remains: can DOGE truly deliver on their promise to reduce government spending? Proposing an extensive list of programs to cut is one thing—actually implementing those cuts is another."
"Time in the market is more important than timing the market” is a concept that’s especially relevant for those investing in quality stocks. Here’s why."
"Following Election Day, one clear outcome is the removal of political uncertainty, which had been a cloud hanging over the U.S. for more than a year, as many polls predicated a close race. The overwhelming vote totals may account for a remarkable post-election rally in financial markets, since the election results will not be challenged."
"What time of year is best to make charitable contributions? We’ll start by saying that it’s always a good time to give, no matter the time of year. But, the end of the year can be one of the most impactful times to give—the last few months of the year is when many charities need extra help."
A donor advised fund (DAF) is a simple, tax smart investment solution for charitable giving. To learn more about how a DAF works, please reach out to your Purus Advisor.
In addition, please refer to the Charles Schwab article below and our past Purus Insights webinar, Intro to Charitable Giving, for more information.
For more information and resources, reach out to our Cybersecurity Team!