World Backup Day – Keeping your data safe

Eagle Wealth Management |



Did you know March 31 is World Back Up Day?  A day to focus on safeguarding your data, digital photos, and vital documents so your kids, grandkids, and even great grandkids can see that silly picture of “Uncle Joe” someday or the recipe you scanned from “Auntie Beth”.

Most computer industry experts recommend a 3-2-1 rule for data backup.  This rule advises three copies of data: two stored locally and- one kept off-site. 

That typically means one copy on your original device (e.g., phone, computer, laptop) a second duplicate on an external drive or device, and a third copy on a cloud-based service (a virtual or internet-based file location).

Regardless of your phone, tablet, or computer’s shape, size, or brand, and whether you use it for business or personal reasons, a routine plan for data backup is critical.  We have all encountered a time when our device has malfunctioned, unforeseen incident (drops, spills, pet or child “helping”, etc.), or mishandling.  Whatever the reason, a backup regimen can reduce risks and save time and frustration.

If the thought of a computer backup feels like a daunting chore, keep in mind there are plenty of tools out there to make the task simple and relatively fast.  Here are a few resources to walk you through a routine backup:

Microsoft:  How to backup or transfer your data on a windows-based computer.
Microsoft:  Backup your windows PC
PC Magazine:  The Beginner’s Guide to PC backup
PC World:  3 Easy steps anyone can take now to backup a PC
Computer Maintenance Checklist:

  1. Backup data to ensure against data loss, device failure, or theft (information or device).
  2. Padding is protection.  Look for cases or skins to protect against physical damage.
  3. Update operating systems and virus protection services to guard against hacks and viruses.
  4. Unplug to avoid overcharging.  Yes, batteries drain as you use the device but if you keep them plugged in all the time, the batteries deteriorate.  It will soon appear as if the device does not hold a charge for very long.
  5. Organize your files, update your passwords, and get rid of old or junk files and data.

At Eagle Wealth, data privacy, data security, and computer backups are part of our process.  On this World Backup Day, we encourage you to protect your digital information with a backup and check in with us if any of your important data has changed since we last met.
Until next week,

Your Eagle Wealth Team


Keep These Tips In Mind When Selling A Home 

If you are selling your home, you may be able to exclude the sale’s capital gain from your tax return. The first thing to consider is the home’s ownership and use. To claim the exclusion, you must have owned the home and used it as your primary residence for at least two years.

When you own more than one home, you can exclude only the gains from the sale of your primary residence (up to $250,000 for single filers and up to $500,000 on joint returns). You can choose not to claim an exclusion, in which case you must report the gain on your tax return. However, if you experience a loss in selling your home, the loss may not be deductible.

Some taxpayers may also need to report forgiven or canceled debt as income on their tax return. For example: A foreclosure (or other processes in which a lender forgives or cancels mortgage debt) would be considered income on the sale of the home.

*This information is not intended to substitute for specific individualized tax advice. We suggest you discuss your specific tax issues with a qualified tax professional.

Tip adapted from IRS.gov8


The Week on Wall Street

Stocks posted their best week of the year, sparked by news that the dovish Fed decided to keep rates steady and signaled three rate cuts were still possible this year.

Stocks Bounce Back

As widely expected, the Fed left rates unchanged at the conclusion of its two-day meeting. But somewhat less expected, the Fed signaled its inclination to cut interest rates three times this year—each time by a quarter percentage point. That was a positive surprise for some, who worried that recent hot inflation reports would cause the Fed to reconsider its stance.1

Markets pushed higher Wednesday following the news, with all three averages closing at record highs. The rally continued through Thursday, boosted further by news that existing home sales rose 9.5 percent in February.2,3

The week’s rally was broad-based overall, with 10 of the 11 S&P 500 sectors posting gains (health care dropped slightly). At one point late in the week, nearly one in four S&P 500 stocks were trading at 52-week highs. That was the highest proportion in three years, which supports the idea that the rally was broadening out from mega-cap tech stocks.4


Any companies mentioned are for informational purposes only, and this should not be considered a solicitation for the purchase or sale of their securities. Any investment should be consistent with your objectives, time frame, and risk tolerance.
Source:, March 23, 2024. Weekly performance is measured from Monday, March 18, to Friday, March 22. ROC 5 = the rate of change in the index for the previous 5 trading days. TR = total return for the index, which includes any dividends as well as any other cash distributions during the period. Treasury note yield is expressed in basis points.

Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.

The forecasts or forward-looking statements are based on assumptions, may not materialize, and are subject to revision without notice.

The market indexes discussed are unmanaged, and generally, considered representative of their respective markets. Index performance is not indicative of the past performance of a particular investment. Indexes do not incur management fees, costs, and expenses. Individuals cannot directly invest in unmanaged indexes. Past performance does not guarantee future results.

The Dow Jones Industrial Average is an unmanaged index that is generally considered representative of large-capitalization companies on the U.S. stock market. Nasdaq Composite is an index of the common stocks and similar securities listed on the NASDAQ stock market and is considered a broad indicator of the performance of technology and growth companies. The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) and serves as a benchmark of the performance of major international equity markets, as represented by 21 major MSCI indexes from Europe, Australia, and Southeast Asia. The S&P 500 Composite Index is an unmanaged group of securities that are considered to be representative of the stock market in general.

U.S. Treasury Notes are guaranteed by the federal government as to the timely payment of principal and interest. However, if you sell a Treasury Note prior to maturity, it may be worth more or less than the original price paid. Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors.

International investments carry additional risks, which include differences in financial reporting standards, currency exchange rates, political risks unique to a specific country, foreign taxes and regulations, and the potential for illiquid markets. These factors may result in greater share price volatility.

Please consult your financial professional for additional information.

This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG is not affiliated with the named representative, financial professional, Registered Investment Advisor, Broker-Dealer, nor state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and they should not be considered a solicitation for the purchase or sale of any security.  Copyright 2024 FMG Suite.