In the October market update from ACT Advisors, Doug English, CFP®, founder of ACT Advisors, explains why different parts of the market moved in different directions. Bonds had a more difficult month than stocks as longer-term interest rates moved higher. Taxable bond prices declined about 2%, with a somewhat larger decline in tax-free bonds. The final day of September brought a substantial rebound as some incoming data suggested inflation may be softening.
What should you review in the fourth quarter?
The fourth quarter can be a useful time to revisit your estate documents. If it has been years since you signed your will or trust, make sure the documents are available in your ACT Advisors digital vault and review what they currently say.
Your ACT Advisors team can help you organize the information and identify questions worth discussing. If your documents need to change, consult your attorney for legal guidance.
Disclosure
Market index returns are provided for general informational purposes and do not represent the performance of any client account. Individual results vary based on portfolio allocation, holdings, fees, cash flows, and other factors. Indexes are unmanaged and cannot be invested in directly. Past performance does not guarantee future results. Investments involve risk, including possible loss of principal. ACT Advisors does not provide legal advice; consult a qualified attorney regarding your estate-planning documents and any legal changes.
