Q2 2024
Quarterly Economic Outlook
State of the World
by Leslie Calhoun | President & CEO
and
Matt McManus, M.A., CFP® | Wealth Advisor and COO

As we move through 2024, the current macroeconomic environment is challenging as we contend with domestic political issues, the larger geopolitical conflicts, and the Fed’s impact with the current rate environment. That being said, the American economy and country has always proven itself to be resilient and we believe that resilience will hold. The upcoming presidential election is sure to be one of the most challenging elections that we’ve ever seen, yet the turmoil that might come about will be limited by the likelihood of a mixed government made up of both parties.
Estate Planning for a Future Lower Rate Environment
by Matt McManus, M.A., CFP® | Wealth Advisor and COO

With estate tax legislation potentially changing again in 2026, it’s important to continue to consider ways to exclude assets from potential estate tax. If you are charitably inclined and want to place an asset in trust for your children or other beneficiaries, but don’t personally need or want to draw an income stream from it now, you may like the idea of that asset providing an income stream to a charity instead. This is where a Charitable Lead Annuity Trust may make sense as interest rates come back down.
Data Centers - The New Digital Real Estate
by Ryan Thomason, CFA | Portfolio Manager
There are approximately 29 billion total devices and 14.7 billion Internet of Things (IoT) connections in our world today, encompassing a wide array of devices such as autonomous cars, PCs, TVs, smartphones, and more. Globally, the proliferation of devices and connections is outpacing both population growth (1% compound annual growth rate) and the expansion of Internet users (6% compound annual growth rate), with a rapid 10% compound annual growth rate.

Respectfully,
Leslie, Matt, Ryan & Ashlee
Investment advisory services are offered by Optivest, Inc. under SEC Registration and securities are offered through Gramercy Securities, Inc., member FINRA & SIPC, 3949 Old Post Road, Charlestown, RI, 02813, 800-333-7450. Legal disclaimer: The opinions written in this newsletter are for informational purposes only. There are no implied recommendations, offers to buy or sell, or guarantees of future results. All investments involve potential loss of capital and should only be made after careful consideration of objectives and risk tolerances.

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