Doug English with ACT Advisors, brings you your June 2024 financial update. Let’s review the exciting developments in the stock and bond markets from May and what they mean for your investments.
May was an excellent month for all ACT Advisors clients. The S&P 500 saw an impressive increase of between 4.5% and 5%. The bond market also performed well, with a 1.7% rise. The Dow Jones Industrial Average gained about 2%, and the international developed markets grew by approximately 3%. These positive returns meant good news for all our clients, regardless of their risk tolerance.
Our most conservative clients can expect returns between 2% and 3%, reflecting a balanced approach that prioritizes stability. Those with a balanced middle strategy saw returns around 3%, benefiting from a mix of growth and security. More aggressive clients experienced gains between 4% and 5%, reaping the rewards of higher-risk investments.
Doug English shares, “May was a great month for all ACT Advisors clients, with positive returns across the board. It’s encouraging to see such widespread growth.”
At ACT Advisors, we meticulously score various categories in our bond and stock rotations each month. For June, we are maintaining our current positions. Our stock rotation was in mid-cap stocks for May, and we will continue this strategy into June. Mid-cap stocks have shown strong performance and continue to be a promising sector.
Our bond rotation strategy remains unchanged as well. We have two-thirds of our bond investments in a cash-like instrument, JPST, and one-third in floating rate bonds. This allocation aims to provide a balance of security and growth potential, reflecting our commitment to optimizing your investment outcomes.
Doug English emphasizes the importance of consistency and strategic planning in financial management. “Our bond and stock rotations are carefully reviewed each month to ensure they align with market trends and client goals,” he says. “For June, we believe maintaining our current positions will continue to benefit our clients.”
As always, we encourage you to reach out with any questions or concerns. Our team at ACT Advisors is dedicated to providing you with the support and information you need to make informed financial decisions.
Doug English is a dedicated and experienced Certified Financial Planner® Practitioner at ACT Advisors, headquartered in Asheville, NC. With a deep understanding of market trends and a commitment to client success, Doug leverages his expertise to guide investors through complex financial landscapes. ACT Advisors is known for its client-focused approach and innovative strategies, helping to ensure that clients are well-positioned to achieve their financial goals. To learn more about Doug, visit https://act-advisors.com/about-us/our-team/doug-english/.