Legacy is hiring! We are adding a Client Service Administrator to our growing team. Our firm culture, wonderful clients, and growth opportunities make Legacy a fantastic place to work. The Client Service Administrator plays a critical part in putting our clients’ financial plans into action. If you know someone who would be a great fit, …
The equity and bond market worldwide has entered into what many believe is the “capitulation” stage. This usually entails widespread selling without regard to economic fundamentals or positive earnings reports. It is typically a time when speculative (not long-term) investors experience enough emotional distress that they will sell their positions at any cost and without …
You’ve heard us preach that long-term market trends are more important than short-term movements. This idea is crucial to financial sustainability, and once again, it is tied directly to current market conditions. However, this time there is a twist – right now, it applies to fixed income positions more prominently. Bond prices are inversely correlated …
When writing financial commentary on the events in Ukraine, it is crucial to note that we approach the topic not by normalizing tragedy but by considering reality. It feels like a disservice for us to be consumed by a temporary drop in investment values when others fear for their families and freedoms. However, Legacy has …
Market volatility is back. 2022 began with market contractions based on interest rates, Covid, and monetary policy. The drop appeared to be short-lived, as the last few days of January and the first days of February saw a swift recovery. Unfortunately, the rally was cut short as the geopolitical concerns between Russia and Ukraine grew. …
Once again, panic runs rampant in the headlines of the financial world. Describing and understanding this market contraction proves difficult due to the sheer number of variables at play: the FED open market operations, interest rate hikes, Omicron, and the perceived overvaluation of high growth companies, to name a few. With that said, GDP numbers …
A Brief History of Interest Rate Hikes, and What A Hike Means for Your Portfolio Read More »
Once again, the market has taken a noticeable pull-back. With Fed decisions and Covid flashing in the news, uncertainty is in the air. As we process rapid market movements, let’s review some historical comparisons. First, on average, the market experiences a sizeable drop once a year. So, market corrections are not a surprise – …
As we took in the events of 2021, Legacy positioned our portfolios in expectation of inflation rearing its head due to supply chain issues. As a result, we intentionally allowed our allocation to equities to drift upward to combat inflation and capture returns provided by the equity markets this year. As expected, despite the recent jitters …
A Reminder in Times of Market Volatility As we watch the market swing due to the public’s immediate gut reaction to global events, it is wise to pause and reflect on why the drop is taking place and note the similarities to early 2020. The current volatility is in response to the newly discovered Omicron …
In a world with information overload, it is easy to get caught up in Wall Street’s obsession with outsmarting markets. However, historical perspective and data have provided a different narrative. The number one predictor of investment success is investor behavior during uncertain times. It’s not stock picking, marking timing, or technical analysis. Instead, it is …
Opportunity Awaits – For Those Who Stick to the Plan Read More »
