As we head into the final months of the year, we’re taking a look at some of the financial topics that are especially relevant right now. Below, you’ll find a brief update on the markets and our perspective on the current environment, followed by articles covering thoughtful use of debt, digital estate planning, and the continued growth of AI.
The third quarter brought continued momentum to equity markets, along with strong investment in artificial intelligence and a very active IPO market. With a relatively small group of large companies making up a significant portion of the S&P 500, questions about AI and market concentration remain top of mind. While no one knows exactly how the AI story will unfold, we believe a diversified, long-term approach allows investors to participate in the opportunities ahead.
The Federal Reserve also remained in focus this quarter, raising its target interest rate range to 3.75%–4.00% in September. Interest-rate policy, continued AI investment, and an active IPO market may contribute to periods of volatility through year-end, but they also reflect an economy that continues to adapt and create new opportunities.
Is AI a Bubble
The most common question we’ve been getting from clients these days is whether artificial intelligence (AI) is a bubble. It’s worth noting that “bubble” is a tricky word. We often apply it only after prices have already fallen.
Debt: A Burden or a Wealth Creation Tool?
Whether paying down debt, contributing to a retirement plan, investing in technology, or increasing lifestyle spending, every dollar you earn can only be used once. Choosing one option means giving up another. The question is not simply, “Can I afford this?”. A better question is, “Where will my next dollar create the greatest long-term value?”.
Digital Estate Planning: What Happens to Your Digital Life After You’re Gone?
Digital accounts have become part of everyday life. Email, social media, online banking, cloud storage, subscription services, and digital records now play a role in how many people communicate, manage finances, and store important information.