They Don't Want House

June 22, 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.

Apple is worth more than the combined value of all the companies in the small-cap Russell 2000 index. Additionally, at a valuation of $2.9 trillion, Apple surpasses the combined value of the top 100 companies listed in the UK. ₁

One-third of parents plan to pass down their homes to their children after they pass away. However, due to the increasing costs associated with maintaining and insuring a home, nearly 70% of those expecting to inherit a home plan to sell it. ₂

There have been 13 other instances since World War 2 where the S&P 500 declined 20% or more from its 52-week high and stayed without a new low for 8 months. Among those 13 instances, the index gained a median of 14.6% in the following year. _{2, 4}

According to a recent survey, to be considered wealthy in the United States, individuals need to possess at least $2.2 million in assets. Among the different generations, millennials are most likely to feel wealthy, with 57% reporting this sentiment (vs. only 40% of baby boomers). ₃

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Financial Times - "Market Capitalization Graphic"
MFS - "Beyond the News"
Forbes - "You Need More Than $2.2 Million To Be Considered Rich in the U.S.- But Some Say 'Well-Being' is the Most Important Measure of Wealth Study Finds"
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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