The Lowry Letter®

Week of 11/16/2023

Next week is Thanksgiving and The Lowry Letter® will be on a break. We would love to hear what YOU are thankful for and we will share it in our next Letter. Please let us know!

We are thankful for your trust and confidence. We are thankful to have many long-term relationships with our clients, many lasting multiple decades. We are grateful for an excellent team that cares about each other, and about you. We are thankful to live in the United States of America.

We wish you a Happy Thanksgiving!

Commonwealth has published their Monthly Market Risk Update. In news that will shock no one, conditions are mixed and recession risk remains low in the near-term.

The firing of Jimbo Fisher is a perfect example of the absurdity of college football spending. Anyone involved with his contract at Texas A&M should be fired. According to Peter Burns of ESPN, Fisher’s ongoing buyout compensation comes to $26,000 A DAY until 2031, regardless of whether he takes another job.

If you are a business owner, you have probably been approached about applying for the Employee Retention Credit. Please use caution if you are considering it and speak to a tax professional. This lengthy article explains the issues involved.

Those waiting for a recession to see housing prices fall may be disappointed. With two exceptions (1990-91 and 2007-2009) recessions are correlated with rising home prices. This is because recessions usually mean interest rates decline and mortgages become more attractive. As in many other areas, your own goals and needs are a better reason to buy a house than trying to time economic conditions perfectly.

Q: Is the Federal Reserve going to issue a “digital dollar?” How would this affect me?

A: Brad McMillan explains that the most likely proposal, a digital currency tied to and functionally equivalent to the US Dollar, wouldn’t change much for the average American. There are privacy concerns, but most would be future issues and unlikely to be a problem without major changes to the current financial system.

Advisory Services offered through Lowry Financial Advisors, Inc., a Registered Investment Adviser. Securities and additional advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Advisory services offered through Lowry Financial Advisors, Inc, are separate and unrelated to Commonwealth. Lowry Financial Advisors, Inc. is located at 12921 SW 1st Rd, Suite 215, Tioga, FL 32669. 352-333-7990

Lowry Financial Advisors is the only advisory firm that helps its clients reach their goals through The Achieving Simplicity® Experience™, providing clarity and confidence in their personal and financial lives.