As another eventful year comes to a close, we’d like to offer a heartfelt “thank you” for being part of the journey.
We’re grateful you’re part of our Eagle Wealth community, and we’re sending our warmest wishes for an amazing end to 2023 and a great start to 2024.
In spite of the uncertainty, stumbling blocks, and worries of 2023, we still count it as an excellent year.
We’re here. We’re safe. We’ve got enough to eat and have a roof over our heads. We’re pursuing our goals and dreams one day at a time.
There are so many in the world who don’t have those blessings this year.
We can’t predict or control what 2024 brings, but as we usher in a new year, let’s commit to a few guiding principles together.
Committing to Big Dreams
Let’s commit to the big dreams that inspire us. Together, let's grow and protect your wealth so you can reach your dreams, retire in comfort, make a difference in the world, and leave a lasting legacy.
Our team is here to help, and your dreams motivate us to work tirelessly on your behalf.
Accepting Our Power
With so much out of our control (the markets, the economy, inflation, politics, wars...), it's so helpful to focus on what we CAN control — our hopes, our goals, and our dreams. Accepting and owning the choices we can control isn’t just a good financial lesson; it’s a powerful life lesson.
Let’s jointly commit to harnessing every ounce of power we have and the choices we can make.
Embracing Kindness And Patience
As we enter another presidential election year and grapple with hard, polarizing choices, let’s demonstrate kindness, patience, love, and respect for one another.
When talking to people we disagree with, we try to remember: "Be kind, for everyone you meet is fighting their own battle."
Even when we disagree with each other, let’s remember we’re all human and we’re all doing the best we can with what we have.
Counting Our Blessings
It’s so easy to focus on the things we don’t have that we lose sight of all the wonders around us. Let’s take time every day to be grateful for what we have — our families, our faiths, our friends, our homes, and our dreams.
As we close out the year, please accept our heartfelt gratitude for your time and trust and warmest wishes for the year ahead.
May you and your loved ones enjoy all the joy of the season.
Your Eagle Wealth Team
P.S. With December 31 approaching, it’s our last chance to make charitable gifts, take Required Minimum Distributions, and make Qualified Charitable Distributions. Need any help? Hit “reply” and let us know.
How To Take A Vacation Without Leaving Home
Vacations provide a ton of benefits and are a great way to relax and take a break from your everyday stressors. But sometimes, you can't swing a whole vacation.
The good news is you can still enjoy a little getaway without leaving the comfort of your own home.
Here are some fun ways to "get away" without actually getting away:
- Create a themed cocktail or drink based on the place you're dreaming of. Whip up a fancy French cocktail and pretend you're sitting on a terrace in Paris, or order a local microbrew from a US destination that you've always wanted to go to.
- You can also create a themed dinner night and take a culinary adventure around the world. Bonus points if you design a real menu.
- Visit a museum (virtually). The Google Arts and Culture Project makes it possible to visit the Tate, Reina Sofia, and Acropolis Museum all from the comfort of your own home.
Whether you want to visit a national park, learn a new language, or try a new recipe, there are countless ways to explore the world from your living room.
Tip adapted from Ideas.ted.com
The Week on Wall Street
Investor optimism and fears of missing out on future gains propelled stocks higher in the last full week of trading before year-end.
The Dow Jones Industrial Average added 0.22%, while the Standard & Poor’s 500 gained 0.75%. The Nasdaq Composite index advanced 1.21% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, added 0.51%.1,2,3
Stocks Build On Gains
The current market narrative of declining inflation, easing interest rates, and better earnings ahead continued to fuel stock market gains, with some of the year’s laggards, such as smaller cap stocks and energy names, leading the way.
While the stock market has repeatedly seen gains gather steam in the final trading hours, a late-day sell-off on Wednesday unnerved investors. While it’s difficult to know precisely why, the sharp decline may have resulted from profit-taking and low trading volumes, which can result in unexpected volatility or other technical reasons. Whatever the case, stocks rebounded nicely the following day and Friday.
The housing market struggled this year amid higher mortgage rates and rising home prices. Last week, several housing reports suggested the housing market may be improving.
New home construction rose 14.8% in November, reaching levels not seen since May, while existing home sales rebounded 0.8%, reversing five straight months of declines. Existing home sales have been hurt by low inventory since many homeowners with low-rate mortgages are hesitant to move and take on a higher-rate mortgage. This logjam may loosen as 30-year mortgage rates fell from 7.79% at the end of October to 6.95% in mid-November.4, 5
New home sales disappointed, however, falling 12.2%, though they came in 1.4% higher from November a year ago.6
1. The Wall Street Journal, December 22, 2023
2. The Wall Street Journal, December 22, 2023
3. The Wall Street Journal, December 22, 2023
4. MarketWatch, December 19, 2023
5. Fox Business, December 20, 2023
6. U.S. Census Bureau, December 22, 2023.
7. IRS.gov, October 23, 2023
8. CDC.gov, December 11, 2023
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