As we embrace the season of renewal, it’s an opportune time to reflect on recent market performance and explore potential investment opportunities for the months ahead. At Prism Capital Management, we are committed to providing our clients with insights to navigate the evolving financial landscape and capitalize on emerging trends.
As another tax season comes to a close, many individuals breathe a sigh of relief, grateful to have filed their returns on time. However, amidst the flurry of paperwork and calculations, there’s a crucial aspect of financial planning that often gets overlooked: estate planning. While taxes may dominate the financial landscape during tax season, estate planning is equally—if not more—important, especially when considering the long-term security and distribution of one’s assets.
In the world of investing, it’s not just about how much you make, but also about how much you keep. That’s where tax-efficient investing comes into play. By strategically managing your investments, you can minimize the impact of taxes on your returns, leaving more money in your pocket. Let’s delve into the basics of tax-efficient investing and how it can benefit you.
In the realm of wealth management, the significance of tax planning cannot be overstated. For individuals and businesses alike, navigating the complexities of taxation can significantly impact financial outcomes. This is where the expertise of a skilled financial advisor becomes invaluable, particularly when partnered with a forward-thinking firm like Prism Capital Management.
Throughout most of 2023, the economy and stock market kept surprising economists and investors, repeatedly outperforming expectations, and 2024 is starting out by showing much the same pattern.
In early January, the 60 economists surveyed quarterly by The Wall Street Journal predicted a slowdown ahead, expecting the fourth quarter 2023 U.S. economic growth rate will come in at 1.65%, slow to 0.94% in the first quarter of 2024, and eke out a 0.55% growth rate in the second quarter before rebounding in the second half of this year.