March 2024 Newsletter

MARCH 2024 NEWSLETTER

Over the past few weeks, the Dow Jones, S&P 500, and the Nasdaq indexes have closed at record highs. With the stock market surging recently is now the time to get in or are timid investors better off staying on the sidelines a little longer?

Once again, the U.S. economy (on paper) has been on a steady climb upward according to the economists & experts, but many average Americans aren't feeling the same way.

Despite good job numbers and lower inflation, many Americans are feeling the sting of higher interest rates when borrowing. However, in our office, where many clients aren't looking to borrow money and don't have debt, we still listen to a lot of grumblings about the economy. But why? Are you being misled by headlines, sound bites, and perspectives from friends, neighbors, and relatives?

It’s easy to think that you’ve “missed out” when markets rise; but remember that they can fall just as quickly. We’ve never been proponents of market timing, nor do we believe it's ever worth “getting in and getting out.” As long as you’re investing for the long term, expect the road to have its share of highs and lows. In the end, timing won’t matter. Staying invested will!

Time is by far your greatest ally when investing. While daily gyrations in the stock market can make anyone a little queasy, staying invested is the best way to ensure you don't miss out on any growth opportunities. At Bevilacqua Associates, we're committed to our client's long-term goals and are always available for a pep-talk whether you're feeling nervous or ecstatic about your accounts!

If you have a fear of missing out when deciding whether to invest in stocks, it is because you might indeed miss out. It is hard to shake the feeling that the market might be a bit frothy. Even as central bankers rein in expectations for rate cuts, investors have embraced bets on generative artificial intelligence. The Nasdaq closed at a high last Thursday, finally rising above the previous peak recorded on Nov.19, 2021.

From our view, the economic outlook is promising, and you've likely seen your accounts grow over the past few months. We see a lot more bright side than doom & gloom for our clients, which is always a good thing. 

We have been saying it for the last 20 years and can’t stress it enough.  Please don’t allow the media to scare you.  They do a poor job reporting objectively and only seem to promote fear.  We are here for our clients with objective, honest advice.  So please call if you ever have any concerns.

On a personal note, Nick is still crushing it in Long Island.  He set the record for most wins by a goalie in league history.  Also, his team won the regular season Founders cup, which goes to the team with the best regular season record.  It was the team’s first ever regular season title.  With the playoffs starting next week, I truly hope they can keep it rolling and finish this amazing season with a championship.  Lexi is doing fantastic in school, as usual.  We took her to visit a few colleges and so far, Fairfield University is her top choice.  We will be going to Bentley, Babson and Dartmouth over April vacation.  I would love her at Bentley with Nick.  Then I could have Nick and the hockey team look out for my princess!!