It’s popular to “Buy American” and I agree that we should try to spend our money with businesses who are based here in the United States. I also loved the “Shop Local” movement that has gained a lot of traction recently, especially during the height of the pandemic. I believe that a great many US citizens probably feel the same way I do, but interestingly enough, we Americans are importing more foreign goods and services than ever as Notable Number 4 in this week’s Weekly Market Review details.
Also in this week’s WMR are some discouraging numbers on inflation and some encouraging statistics on COVID-19.
Frustrated with your interest rate on your savings? You aren’t alone, and many are discovering for cash that isn’t likely be needed for a few years, there are some good options to consider that offer some nice upside opportunity without the risk of loss. The same can be said for people that are frustrated with their lower risk bond investments. The proper expectation of what your bonds should do for you over the next couple of years should be low, very low. Again, there are reasonable alternatives to consider that give you some upside opportunity with limited risk. Our office can help you understand and assess investment options. You don’t have to just accept the unbelievably low rates paid on cash and bonds.
As always, we hope you find the Weekly Market Review both informative and interesting. Have a great week.
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Trevor N. Coe, CFP®