Here’s an update on this week’s financial economic news, informed by financial and tax planning and a perspective suited to investors seeking to build a retirement income portfolio or building a legacy for the next generation.
The Standard & Poor’s 500 stock index closed this Friday at 3,693.23. The index lost -1.72% from Thursday and -4.65% from last week. It was -22.5% lower than the January 3rd all-time high and has gained up +65.06% from the March 23, 2020, Covid-19 bear market low.
For retirement income and investors building wealth for the next generation:
The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. It is a market-value weighted index with each stock's weight proportionate to its market value. Index returns do not include fees or expenses. Investing involves risk, including the loss of principal, and past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted.
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