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2025 January
Issue #154
“The economy is not at all correlated to the markets. It is one of the best fictions of the culture. The culture believes that the economy drives the market and thus is predictive. Wrong. This is one reason why we invest in companies not countries.”
In this month’s edition Nick speaks to the relentless upheavals that constantly beset equity investors – and to the need always to be acting on a plan, because otherwise one is doomed to be reacting to shocks that almost invariably come out of nowhere. And it’s never the known unknowns that get you.
My 2024 Year-End Client Letter to you is divided into two parts. First is a brief recap of our shared investment philosophy; second is my perspective on the current market.
Capital Group portfolio managers Martin Romo and Pramod Atluri share their outlook for the economy and markets. Where are the most compelling opportunities in stocks and bonds? What’s the likely path of inflation and interest rates? How will the incoming Trump administration impact the global economy? We’ll tackle those questions and more.
Under which circumstances are qualified retirement plan distributions likely to receive a tax penalty?
Late distributions only.
Pre-mature distributions only.
Both early and late distributions.
If your AGI is over $250,000.
Only if the distributions are used for non-retirement purposes.
Never.
Answer = #3
Both early and late distributions.
Soaring with Capital Group Vice Chair Jody Jonsson
Youtube - 26 December 2024 - 34 minutes
What does a portfolio manager have in common with a pilot? Tune in to hear Capital Group Vice Chair Jody Jonsson discuss her adventures in the sky and in the markets with Mike Gitlin. Learn how Jody earning her pilot’s license helped her evaluate aerospace companies, among other compelling investment opportunities.
MONEY MEMES AND A LITTLE HUMOR
Michael Paulding Thomas
Financial Advisor, Registered Representative, Securities Principal. Series 6, 26, 63, 65, Life
Since 1989 I’ve been helping families make smart choices about building a guaranteed income during retirement.
Retirement Planning • IRAs • 401k's • Rollovers • Mutual Funds • Variable Annuities • College Planning • Term Life Insurance • Living Trusts
