Wealth and Wisdom: Week of November 21, 2022

We’re getting some more encouraging news on inflation lately, with both consumer (retail) prices and producer (wholesale) prices showing signs of moderating. That has prompted the Federal Reserve to signal that it may slow down the pace of interest rate increases at its next meeting in December.

The pain of rising rates and persistent inflation are becoming more evident, however. A New York Fed survey shows households are taking on debt at the fastest pace in 15 years. And a study by the Dallas Fed shows U.S. home prices could drop as much as 20% on surging mortgage rates.

Still, we have much to be thankful for. We at Brown Family Wealth Advisors wish you and your family a Happy Thanksgiving and a joyous holiday season.

No more free returns?

Facing cost pressures, many retailers are making it more difficult – and expensive – for you to return merchandise. (Reading time: 4 minutes)

5 ways to stick to your holiday gift budget

Get an early start this year – and strategize your shopping before you leave home. (Reading time: 3 minutes)

Have you tried the ‘4-gift rule?’

This strategy might make holiday shopping less overwhelming, more focused, and save you money and time. (Reading time: 7 minutes)

Your year-end financial checklist

Take advantage of these final weeks of 2022 to get off to a running start in 2023. (Reading time: 5 minutes)

Four timeless investing lessons

Money has the power to change your life for the better – if you’re smart and disciplined enough to let it. (Reading time: 4 minutes)

A bond term you should know

Rising interest rates have driven down bond prices – but before you invest, make sure you understand the concept of duration. (Reading time: 4 minutes)

How to handle sudden wealth

You may not have won the Powerball, but handling big gifts, inheritances, and legal settlements all require a calm, pragmatic approach. (Reading time: 5 minutes)

25 Things to Do When You Retire

Don’t head for that recliner! The best part of your life may well be ahead of you. (Reading time: 8 minutes)

Investing isn’t supposed to be easy

What Jerry Seinfeld, David Letterman, and Chris Rock can teach you about investing money. (Reading time: 3 minutes)

Mike’s Pro Tip of the Week

Once you finally get that car paid off, keep making those monthly payments. Only from now on, pay yourself. Use the money to accelerate payments on your other debts – especially credit cards. Or keep those monthly payments going into a seperate interest-bearing account so you can buy your next car for cash instead of borrowing and paying interest indefinitely.

Words to the Wise

“Buy when everyone else is selling, and hold until everyone else is buying. This is more than just a catchy slogan. It is the very essence of successful investing.”
J. Paul Getty

Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.

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The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of Brown Family Wealth Advisors and not necessarily those of Raymond James. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Expressions of opinion are as of this date and are subject to change without notice. Past performance does not guarantee future results. Prior to making an investment decision, please consult with your financial advisor about your individual situation.