The CFP Board is Confusing and Misleading Consumers
The CFP Board has strayed from its mission of improving life for the consumer. Instead, it is generating as much confusion as possible for the furthering of its own interests. Make no mistake – transparency is not on its agenda. This is a massive disservice to the public.
World Markets Update: October 3, 2022
All eight indexes on our world watch list posted losses through October 3, 2022. The top performer is India's BSE SENSEX with a YTD loss of 2.51%. London's FTSE 100 is in second with a loss of 6.44% and Tokyo's Nikkei 225 is in third with a loss of 8.95%. Coming in last is Hong Kong's Hang Seng with a loss of 27% YTD.
The Importance of Quality Following Interest Rate Hikes
Generally speaking, when rates rise, so does the importance of investing in high-quality companies with strong operating metrics that can weather the higher cost of capital.
Hurricane Ian Highlights the Importance of Flood Insurance, a Hedge on Your Investment
Just 18.5% of homes in Florida counties that were told to evacuate have coverage through the National Flood Insurance Program (NFIP), which is administered by FEMA. Most regular homeowners’ insurance policies don’t cover flood damage, which is why Congress created the NFIP in 1968. But at an average cost of $995 a year, according to Forbes, the insurance may be out of reach to many households.
Moving Averages: S&P Down 9.3% in September
Valid until the market close on October 31, 2022.
The S&P 500 closed September with a monthly loss of 9.34% after a loss of 4.24% in August. At this point, after close on the last day of the month, all five S&P 500 strategies are signaling "cash" — Vanguard REIT Index ETF (VNQ), iShares Barclays 7-10 Year Treasury (IEF) and Vanguard All-World Index ex-US ETF (VEU), and Vanguard Total Stock Market ETF (VTI), Invesco DB Commodity Index Tracking (DBC) — up from last month's quadruple "cash" signal.