November 2022
401(k) Allocation
No changes this month.
By: Lynda Elley
Last month we added some “risk on”, i.e. stocks, to the Aggressive and Growth allocations due to the oversold condition of the markets, and that should have worked out well for our more aggressive clients.
The increase from the Federal Reserve of an additional .75% to the short-term Fed Funds rate was expected, but it was hoped that they would signal an easing to the future pace of increases. Powell shot down those hopes the following day, so we maintain our risk-off for the balance of the risk categories. Next week has both the mid-term elections and the next monthly inflation numbers, so will be a busy week for providing some future guidance on whether a Santa Claus rally will be possible before year-end.
As always, if you need assistance in rebalancing your 401K, don’t hesitate to reach out to us at the office.
If you have questions, please contact us.
MARKET UPDATE
FINANCIAL PLANNING
FRAUD ALERT
TAX PLANNING
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** If High Yield Bonds are not an option in your 401k, you can allocate that portion to a Total Return or Short Term bond fund.
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