Summer is almost here, and optimism is rising along with the temperature. With half of Americans fully vaccinated, the economy continues to open, and the stock market is still rising. The S&P 500 set another record high of 4238 on May 7 and at the time of writing is still above the previous high of 4187.62 set on April 26. Consumer stocks are experiencing positive momentum while airline and other travel-related stocks should take off as travel restrictions are slowly lifted. Overall, pent-up consumer spending is likely to come bursting to the fore as reopening offers opportunities for social life and travel to resume.
To get started, we’ve included an updated chart that illustrates very clearly why investing in stocks over the long term is a winning strategy for investors. Our next piece offers helpful advice regarding 401(k) plans and when to roll over plans from previous employers. Recent upticks in inflation, stock market gyrations and a gasoline shortage tossed in for good measure have thrown consumers for a loop. Read our next piece to find out why there is no cause for alarm. Finally, the first of June means that Father’s Day is around the corner. We’ve included an article with some great ideas for gifts that will put a big smile on Dad’s face.
Articles of Interest
This chart offers striking insight into the value of investing in stocks for the long term. Stock returns may be volatile, but an almost century-long history of market performance shows that bull markets outnumber bear markets and their gains substantially outweigh bear market losses. Looking at bull and bear markets together, it’s clear that investing in stocks rewards the disciplined investor.
It used to be that preparing for retirement was a lot easier. People tended to stay in their jobs longer, and often qualified for a pension as well as Social Security. Today, employees move from firm to firm and retirement benefits come in the form of a self-directed, tax-deferred 401(k). Multiple accounts, a variety of employers, different benefits administrators; it can become confusing. Read on to learn more about when the time is right to roll over accounts from previous employers.
Just say the word inflation and consumers start to get jittery. Add a southerly move in stock prices, throw in a temporary gas shortage due to a cybercrime at a pipeline company, and things can get a little bit out of hand. Fortunately, there’s no cause for alarm. Depressed prices on some goods during the pandemic are now being impacted by an explosion in demand now that the economy is re-opening. Nothing we’re seeing is unexpected or a cause for alarm. Read on for answers to your pressing questions about the economy.
June 20 is Father’s Day, and it’s not too early to start looking for the perfect gift now. Dads can be hard to shop for. Ask them what they want; they’ll give you a blank stare and an “I don’t need anything.” But this helpful roundup offers suggestions for every type of dad – those who like to bbq, garden, watch baseball, drink beer, or take to the open road. You’re sure to find something to please in this comprehensive list.
Symmetry does not provide tax or legal advice and nothing either stated or implied here should be inferred as providing such advice. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions.
Symmetry Partners, LLC is not affiliated with any firm mentioned in this material.