By Herrick Louis
Your financial well-being is one of the most important investments you can make. Given today’s economic challenges, planning may pay dividends. Have you started taking the appropriate steps to avoid debt? If not, here are five key strategies to get ahead of it:
By Patrick Diamond, CFP®
The equity market has been on a strong upswing in 2024 (really it started back in late 2023) driven by, among other things, a strong economy and strong consumer spending, excitement around the rollout of new artificial intelligence technology and related implications for increased productivity, a strong labor market, and good corporate profits. The S&P 500 had seven new closing highs in July 2024 alone, and 38 new closing highs in 2024 year-to-date.[1] Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the second quarter of 2024, up from 1.4% in the previous quarter, indicating a growing economy.[2]