In light of the volatility that occurred throughout the course of 2020, Independent Solutions Wealth Management has been monitoring strategies and focusing on readying our portfolios for what may come next. The Independent Solutions Investment Committee Quarterly Commentary is now available.
I am bullish on US equities for 2021. Good, bad, or ugly there is nowhere else to go with the Fed Funds rate at a promised range of 0-0.25% through 2023, but I bet that rates will not budge beyond that deadline. I also think that economic growth will be modest — COVID has dug a deep hole of which we must climb out of — and that inflation will not push much higher than 2%, which is the level above which monetary policy could be tightened to ruin the party in stocks. In the meantime, we could have a short-term correction in which I would buy the dip. There still is angst over the presidential election although it seems to be triggered by a sore loser. Nevertheless, President Trump may continue to add uncertainty beyond Inauguration Day and the markets may hate that. Also, before our COVID vaccines are broadly distributed, and, so far, the ramp has been disappointing, US pandemic cases and deaths could continue to climb. I do not believe that they will force America to shut down again like it did last spring, but that could add to our worries and continue to delay normalcy.. Read More!
We had a tremendously volatile year in 2020 but it ended well and staying invested proved to be excellent. I expect increased volatility for the entire year of 2021 because of the markets finishing so well. The election on January 5th concerns me to a high degree. I think the market is over valued as I said on the radio on January 2nd. I believe that the markets will have to go through a series of corrections for them to come back in line with the economy.. Read More!
Unprecedented stimulus, interest rates at zero, contested elections, and a once in a century pandemic, and yet here we sit, starting 2021 at all-time highs across all equity indexes. The amazing run-up from March 2020 market lows has a lot of people talking about a bubble, and for good reason. The pandemic isn’t over, with case rates at record highs, stay-at-home orders back in effect, travel restrictions, and mask mandates around the world. Read More!
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All opinions expressed Paul Meeks, Dan Neiman, and David Mariacher are solely Meeks’, Neiman’s, and Mariacher’s opinions and do not reflect the opinions of Independent Solutions Wealth Management, LLC (“ISWM”). You should not treat any opinion expressed by Meeks, Neiman, and Mariacher as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion for educational purposes only and does not constitute investment, legal or tax advice, an offer to buy or sell any security or insurance product; or an endorsement of any third party or such third party’s views. Meeks, Neiman’s, and Mariacher’s opinions are based upon information he considers reliable, but neither ISWM nor its affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Meeks, Neiman, and Mariacher, ISWM, its affiliates and/or subsidiaries are not under any obligation to update or correct any information provided on this website. Meeks, Neiman, and Mariacher statements and opinions are subject to change without notice. No part of Meeks, Neiman, and Mariacher compensation from ISWM is related to the specific opinions he expresses. Past performance is not indicative of future results. Neither Meeks, Neiman, and Mariacher nor ISWM guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. Before acting on information, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from an investment adviser.