Time in the Market

July 31, 2023

Enjoy this week's "Investor Insights," a weekly newsletter highlighting the financial news you need and providing tips and tricks to help you make better investment decisions.

If you had invested $10,000 in the S&P 500 for 29 years through 2022, your account would have grown to $64,844. But if you had been sitting on the sidelines for the index’s 10 best days during that period, your account would have only grown to $29,708.* ₁

Federal debt has skyrocketed from $370 billion in 1970 to $31 trillion in 2023. Federal interest expenses are projected to surpass $1.15 trillion over the next year. The interest expense has increased more in the last 3 years than in the 50 years prior. ₂

First-time homebuyers in the US face challenges with mortgage rates near 7%, as the average entry-level home costs $243,000. To afford such a home, buyers must now earn $64,500 annually, up from $57,222 a year ago. ₃

India, which has more than 17% of the world’s population but just 2% of its land, has a workforce with a median age of just 28. Yet, a poor education system is holding back its potential. Half of fifth graders read at a second-grade level (the same as 25 years ago). ₄

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Market Watch - "Why You Shouldn’t Try to Time the Stock Market"
Advisorpedia - "The Government Can’t Afford Higher for Longer, Much Longer"
Bloomberg - "It’s Getting Even Harder to Afford a ‘Starter’ Home in the US
Barrons - "India’s Economy Is Humming, and There’s More to Come. Here’s How to Profit"

*Past performance is not indicative of future performance

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Disclosure: This information is furnished for the use of Glen Eagle Advisors, LLC, Glen Eagle Wealth, LLC, and their clients and/or contacts. It does not constitute the provision of investment advice to any person. It is not prepared with respect to the specific objectives, financial situation, or particular needs of any specific person. Investors reading this commentary should consult with their Glen Eagle representative/financial advisor regarding the appropriateness of investing in any securities or adapting any investment strategies discussed or recommended in this newsletter.

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