Retire on Purpose

Share this post

The Retirement Rise 5.1.2023

retireonpurpose.substack.com

Discover more from Retire on Purpose

Impactful strategies for retiring with intention, joy, and financial security
Continue reading
Sign in
The Retirement Rise Newsletter

The Retirement Rise 5.1.2023

No recession here! And the stock market seems to agree!

Morgan Ranstrom
May 1, 2023
1
Share this post

The Retirement Rise 5.1.2023

retireonpurpose.substack.com
Share

This Week’s Good Financial News

Everyone keeps talking about the upcoming recession, but it just hasn’t happened yet. A few facts:

  • US GDP grew at a 1.1% rate during the first three months of 2023.

  • Personal consumption accelerated 3.7% during this same period.

  • The unemployment rate is a historically low 3.5%.

No recession here!

Look, living with uncertainty is an economic and human reality. We can’t predict the future. Even with the good news above, I can’t say for certain what the future holds or whether or not a recession is around the corner.

But neither can you. And neither can journalists or some big-shot fund manager on CNBC.

So if you feel like a recession is imminent, check your bias. It sure is heck isn’t here yet. More importantly, there is much to celebrate and feel good about.

Thanks for reading Retire on Purpose! Subscribe for free to never miss a post and learn more about retiring with intention, confidence, and a sense of purpose.

An Investment Note for Retirees

Speaking of recession risk, the market doesn’t seem to care.

The S&P 500 bottomed on October 14th, 2022, after a 25.3% decline.

Ouch!

But what happened next?

Even as the Federal Reserve has continued to hike short-term rates in its quest to curb inflation, the market has shrugged in any and all concerns.

The S&P 500 has increased 13.61% from its lows and is up 8.59% in 2023. International stocks have performed even better, with the MSCI EAFE Index TR up 11.53% to date in 2023.

The market doesn’t turn around when things start getting better. It often turns around when things stop getting worse.

This reminds me of one of my investment principles: Stick With It.

Plan →Invest/Implement→Stick With It

Share

rough road surround trees with fogs
Photo by Martino Pietropoli on Unsplash
1
Share this post

The Retirement Rise 5.1.2023

retireonpurpose.substack.com
Share
Comments
Top
New
Community

No posts

Ready for more?

© 2023 Morgan Ranstrom
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing