New year, new resolutions, and new financial goals. It seems as the change of the calendar from one year to the next means making lists of things we want to do better or to achieve are inextricably combined.
It’s great to put perspective on things – like looking back in a rear-view mirror seeing where you’ve been but driving by looking through the windshield, planning ahead for where you want to go. Similarly, key ways to achieving your long term financial goals.
While 2017 was an epic year in the markets, and for investors, let’s start 2018 off right by making sure you are making the most of your money.
So far, the momentum from last year has continued into the new year – we have a healthy labor market, low interest rates, a stable U.S. dollar, and oil prices well below their 2014 peak (but double oil’s recent low of two years ago). Collectively, these items, in addition to a recent tax overhaul that dramatically lowered corporate taxes, indicate an improved outlook for the economy in 2018. Meaning the bull run is expected to continue as the world’s largest economy appears to have strong enough legs to run longer.
FactSet Research estimates that 2017 S&P 500 earnings growth will come in at 9.6%, year-over-year. For 2018, S&P 500 earnings are expected to rise by an impressive 11.8%.
I’ve included some interesting articles in the Newsworthy section for you to peruse as we endeavor to hold to our new year’s promises. Feel free to share these articles with your family and friends.
Wishing you prosperity, wealth, and good health in 2018. Or in Chinese, the greeting of “Fu, Lu, Shou.”