Home
Our Services
Who We Are
News & Ideas
Financial Briefs
Featured News
Articles Of Interest
Market Data Bank
ClientVault
Account Lookup
Resources
Blog
Local Partners
Client Forms
Event Calendar
Portal Login
Alliance Links
Contact Us
Tell A Friend
Disclosure
Video Blog
Pic Rotator
Log In

Financial Briefs


Printer Friendly Version
Index
Fed Governor Kugler Details Inflation And Economic Outlook
Why Rates May Not Be Cut Until June
Practical Suggestions For Achieving Your 2024 Resolutions
A Sign Of Progress In Solving U.S. Economic Problems
Fed Keeps Rates Unchanged; Expects Easing In 2024
Have You Logged Into Your Social Security Account?
The Great Fake Out Of 2023 Is Poised To Extend Into 2024
Financial Crime Snitches Are In Stitches, Exacting Revenge Against Dishonest Former Employers
Amid A Confluence Of Crises, Keep Financial History Top Of Mind
The Federal Reserve Decided Not To Raise Rates
Finding The Truth About Long-Term Investing Is Too Hard
The Conference Board Predicts Short, Mild Recession For First Half Of 2024
The Coming Reversal of Tax Cuts and Jobs Act Will Be a Financial Setback for America’s High-Income-Earners and High Net-Worth Individuals
What The Federal Reserve Decided Today
What To Know About Converting To Roth IRAs
2023 Year-End Tax Planning, Part 1
 

3Q 2020 Wealth Management Report

4840 2

(Tuesday, Oct. 6, 2020; 10:00 PM EST) Stocks posted a +8.9% gain in the third quarter of 2020, following a +20.5% gain in the second quarter of 2020, which followed a -19.6% Covid-related loss in the first quarter of 2020.

4840 3

U.S. stocks were the second-best performing of the 13 different asset classes represented here in the upper-right chart. 

The Chinese stock market's 33.2% return in the third quarter of 2020 bested major regional foreign markets shown in the upper left. Emerging markets, which are heavily invested in Chinese stocks were the No. 2 performer among major foreign regional stock markets.

Growth stocks led the S&P 500's strong gain.

4840 4

Stocks had hit an all-time high on February 19, 2020, before plunging 33.9% when the outbreak hit the U.S. Stocks recovered and broke a new all-time high on September 20, 2020 before settling lower at the end of the third quarter.

Keep in mind, stocks are just one part of a diversified portfolio and that the Covid epidemic makes year-end tax planning an urgent priority right now.

For individuals earning more than $400,000 or with a net worth of $5.8 million or more, the likelihood of higher taxes makes tax planning a priority.

4840 5

While the election results will determine exactly what strategies are best in your personal situation, the expected delay in the results this year makes it wise to begin evaluating your best choices. While managing your portfolio is important, tax planning at this pivotal moment in U.S. tax policy may preserve your assets strategically and action may be required by the end of the year, which makes this an urgent tax alert.


Nothing contained herein is to be considered a solicitation, research material, an investment recommendation, or advice of any kind, and it is subject to change without notice. It does not take into account your investment objectives, financial or tax situation, or particular needs. Product suitability must be independently determined for each individual investor. Tax advice always depends on your particular personal situation and preferences.

The material represents an assessment of financial, economic and tax law at a specific point in time and is not intended to be a forecast of future events or a guarantee of future results. Forward-looking statements are subject to certain risks and uncertainties. Actual results, performance, or achievements may differ materially from those expressed or implied. Information is based on data gathered from what we believe are reliable sources. It is not guaranteed as to accuracy, does not purport to be complete, and is not intended to be used as a primary basis for investment decisions.

Any investments or strategies referenced herein do not take into account the investment objectives, financial situation or particular needs of any specific person. The material represents an assessment of financial, economic and tax law at a specific point in time and is not a guarantee of future results.


Email this article to a friend


This article was written by a professional financial journalist for LifePlan and is not intended as legal or investment advice.

©2024 Advisor Products Inc. All Rights Reserved.