Broker Check

Fall 2022

| September 06, 2022

Labor Day is now behind us as we head into the final trimester of 2022.  I’m not looking forward to the cooler weather and darkness setting in earlier.  And we are due for a colder than usual winter according to the Farmers’ Almanac.  I finally broke down this year and hired a lawn service and I have enjoyed not having to cut grass.  I may turn over snow removal to them also.  30 years of mowing lawns and shoveling snow – I think I’ve done enough.  Besides, I’m keeping a local business working so I’m doing my share. 


It’s been a trying year with continued Covid hot spots.  Fortunately, it seems that while new strains of Covid appear to be more contagious than past strains, they are also less virulent.  Everyone I know that has tested positive the past 6 months had either minor cold/allergy symptoms or non at all.  Hopefully, if we have to continue deal with it, it is becoming more like the Flu and annual immunizations will keep it either at bay or a minor inconvenience.  It’s too bad there is no vaccine to provide immunity from market downturns, inflation, and rising interest rates.  The Fed has begun to see some success in taming inflation but that means continued higher interest rates and a slowdown in the economy.  The big question is, will we run into recession in 2023?  I’m hearing some conflicting reports from analysts.  Either we can get through tightening without recession or, it’s inevitable but it will be short-lived and shallow.  Which brings to mind 2 great quotes regarding economists:


  • An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today. Laurence J. Peter (1919 - 1988)
  • If all economists were laid end to end, they would not reach a conclusion. George Bernard Shaw (1856 - 1950)


Yes, it’s been a tough year financially, and we don’t know what 2023 will bring.  What we can do is monitor our portfolios, adjust to changing risk tolerances, and take advantage of investment opportunities that arise.  I am seeing clients finding their tolerances for investment risk are lower than they were in the past.  It’s a good idea to re-visit that regularly as we age, and the markets change.  Also, with rising interest rates, CD’s are becoming attractive again.  Do they fit in your portfolio?  Have a conversation with your investment professional and see if an update to your risk tolerance score is appropriate and what other investment alternatives you should consider.


Have some questions or would like to talk about your plans or portfolios?  Head to to schedule a time to talk.