October Portfolio Highlights: Consistent Growth Across Categories

In October, ACT Advisors’ portfolios performed positively across all categories, with stocks gaining around 2% and bonds at 1.3%. Even with varied risk levels, returns stayed fairly consistent, leading to an overall positive month and likely new highs for many clients’ portfolios. This steady performance is a testament to ACT Advisors’ approach to balanced and strategic wealth management, carefully tailored to support clients’ goals regardless of market conditions.

Strategic Shifts in Stocks and Bonds

ACT Advisors made targeted moves within client portfolios in October. Stock investments saw a rotation from mid-cap holdings to technology-oriented assets, including the QQQ ETF, aligning with the ongoing potential in the tech sector. In the bond market, ACT shifted from longer-term bonds (TLT) to high-yield, shorter-term floating rate bonds, positioning for better returns and flexibility amidst shifting interest rates.

Election Insight: Stability in a Divided Government

With next week’s close election approaching, Doug emphasized a preference for a divided government, where different parties control parts of the government. Historically, this setup supports economic stability by limiting abrupt policy changes that can disrupt markets. For ACT Advisors, a stable, divided government could maintain a favorable environment for corporate growth, supporting a positive economic backdrop for client investments.

Positive Economic Outlook and Fed Policy

Doug shared optimism about the economy’s strength, suggesting the Federal Reserve might achieve a “soft landing,” where inflation is controlled without sparking a recession. If successful, this approach would sustain economic momentum and set a strong foundation for client portfolios in the coming year.

Looking Ahead to the New Year

As the holiday season nears, ACT Advisors encourages clients to reach out with any questions or planning needs. With offices in Asheville, NC, and Charleston, SC, ACT Advisors is here to empower clients through clear guidance, expert insights, and a forward-thinking approach. As Doug English and the ACT team look toward 2025, we remain committed to helping clients work towards lasting financial security, confidently navigating each market turn.

For more information on ACT Advisors’ approach to financial planning, visit ACT Advisors or contact the team for guidance on your financial journey.