Hi All-
Happy Friday & Spring. This is our first ever
video distribution, and we hope you find it useful.
John and I were astonished to realize that the recording ran 1 hour, 25 minutes—it certainly didn’t feel that long in the moment! But we really wanted to go deep for you in anticipation of questions that you might have at this (still uncertain) juncture, and also look back well into 2022 to explain the key strategic moves we made and why.
That said, for those of you who don’t have the time/bandwidth to listen to the entire recording (which I suspect could be most of you!), we prepared a table of contents which indicates where you can fast forward to, if looking for insight on a particular topic.
- Introduction from Charlie: Core Principles (0 – 11:00)
- Silicon Valley Bank & Ramifications (11:00 – 19:35)
- The Market & Economic Conditions Leading Up to This (19:35 – 24:20)
- The Stock Market Last Year (24:20 – 26:05)
- Recession or No Recession in 2023? (26:05 – 30:00)
- Inflation Outlook (30:00 – 33:10)
- Past Inflationary Periods vs Now (33:10 – 35:10)
- Inflation’s Impact on Stock Market (35:10 – 37:10)
- Bond Market – Path of Interest Rates (37:10 – 38:50)
- US Household Debt: Now vs Prior Crisis (38:50 – 41:30)
- The History of Bull Markets vs Bear Markets (41:30 – 44:30)
- The History of Stock Market Bottoming, vs Earnings Bottoming (44:30 – 46:20)
- Our Overall Outlook for 2023: Summary (46:20 – 48:50)
- Portfolio Selection – How We Invest (48:50 – 53:50)
- Review of Tax Loss Harvesting (53:50 – 1:00:53)
- Review of Investment Archetypes/ Asset Allocations (1:00:53 – 1:08:40)
- Trades or Portfolio Shifts we Made in 2022 and Early 2023 (1:08:40 – 1:18:25)
- Review of Covered-Call Custom Strategy (1:18:25 – 1:22:00)
- SMID & Large Cap Growth for Retirees (1:22:00 – 1:24:00)
- Concluding Remarks & Summary From Charlie (1:24:00 – 1:26:33)
We are also including the
slideshow referenced throughout the video, in case you wanted to take a closer look at any of the slides.
Our plan is to produce several of these over the course of the year, and with this greater frequency, the goal would be to reduce the length to no more than 30 minutes for future distributions!
These distributions will better enable us to focus on financial planning in the first half of the year. And then we will continue to conduct an annual investment review meeting at year-end.
Furthermore, we are finding that more and more of our clients, especially those who are having particularly busy years with work and/or family, are choosing to rely more on these types of distributions (including newsletter) to get updates, rather than scheduling time with us during business hours (you can obviously read & watch these at any time of day or night!). So we are recognizing this trend and focused on continued improvements in content/quality.
Questions and feedback are welcome/encouraged. You can send them by email or video (and we will respond by video if so), or we can simply set up a meeting if preferred.
Thank you for being our clients. It really is a great privilege to serve and work with you.
Charlie, John & Team
