Good morning. It's Thursday, Dec. 28, and we're covering the January effect, your best money advice, referral fees, and much more. | First time reading? Sign up here. | Stock Market Update | | | | | Market Performance: December 28, 2023. | Stocks inched higher on Wednesday amid a shortened week of trading and few major catalysts to drive market action.
The S&P 500 (^GSPC) neared an all-time high close of 4,796.56 on Wednesday but couldn't muster gains to close at a new record. The Dow Jones Industrial Average (^DJI) led gains, adding 0.3% while the tech-heavy Nasdaq Composite and the S&P 500 added more than 0.1%.
For the year, all three major averages are up double digits. The S&P 500 has risen more than 24% while the Dow Jones is up over 13%. The Nasdaq has led gains, adding about 44% thus far this year. |
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| | Financial Maverick Insights | | | | | How To Make Money From The January Effect: Strategies To Capitalize On Now |
As the new year approaches, seasoned investors are familiar with the phenomenon known as the "January Effect" - the tendency for stock prices to surge at the start of the year, especially among small-cap companies.
First researched by Sidney Wachtel and published by the University of Chicago, this trend holds the potential to be a practical catalyst for your portfolio that can drive rapid returns due to a combination of factors.
Tax-loss harvesting is one such reason, where investors may sell specific positions to leverage tax losses before the year-end, and then often repurchasing the same securities in the new year, anticipating a rebound.
Another plausible factor involves investors using year-end cash bonuses to make investments in the subsequent month.
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| | | | | | I'm a financial planner, and here's my best money advice for the new year: Start a travel fund now | Travel can have positive effects on your health, well-being, and happiness. In my book, taking care of yourself and refueling is a necessary expense.
With the start of a new year, it's time to start thinking about any travel plans you may have, or want to have.
You can imagine how travel costs can add up quickly, especially if you're considering international travel, longer stays, or luxury trips. Saving towards a travel fund at the start of the new year can help you avoid taking on credit card debt and help you achieve your travel goals.
Here's why I recommend my clients who want to travel in 2024 (or later) start saving today. |
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| Real Estate News |  | 4 key partnerships to leverage for real estate success | Learn about the power of forming partnerships with key professionals in your local market to enhance your business and the client experience. |
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|  | How this indie brokerage is transforming agents' lives | In his latest Snapshot profile, Brandon Doyle talks to Dan and Melody Smith of Anvil Real Estate about their leadership and training philosophy and their "relentless pursuit of agents' success." |
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|  | Council Post: Maximizing Success In Real Estate Investing: Five Common Mistakes To Avoid | Steering clear of these common pitfalls can be the defining factor in your journey toward becoming a successful investor. |
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|  | Home prices may pick up speed after the Fed cuts rates with 88% of the housing market still overvalued, Fitch says | "This will continue to impact affordability, particularly for entry-level and first-time homebuyers, thereby constraining demand." |
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| | Personal Finance Tips | :max_bytes(150000):strip_icc()/GettyImages-1053748996-83e2a44595ea49c19236c325c5bdbc2c.jpg) | 10 Tips for Successful Long-Term Investing | Avoid common mistakes with these guiding principles. |
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|  | New Year, Fresh Start: Budgeting 101 | Pinnacle Financial Partners | New Year, Fresh Start: Budgeting 101 |
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|  | 17 bank accounts that help track personal finance goals with budgeting tools | Some financial institutions have bank accounts that let you set up and track goals. This may help with setting up an emergency or vacation fund. |
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|  | The Indicators of this year and next : Planet Money | Today on the show, hosts from Planet Money and The Indicator debate the economic indicators of this year and next year. |
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| | Alternative Investing |  | Here's what Elon Musk thinks about NFTs | Elon Musk has again shared his opinion on what is commonly known as NFTs. The tradeable media linked to a blockchain's non-fungible token became popular in 2021's bull market. At that time, 'jpegs' were traded for millions of dollars worth of cryptocurrencies. |
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|  | How blockchain can help solve proof of personhood | Blockchain's reliance on digital ledgers, which serve as an incorruptible database where encrypted information can be stored in a decentralized manner, could be the most effective technology for enabling and managing proof of personhood. |
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|  | Could SoundHound AI Stock Help You Become a Millionaire? | Buying and holding solid companies for a long time can help you significantly increase the value of your investments, as this strategy helps you take advantage of the power of compounding while also enabling you to benefit from disruptive innovation. |
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| | Are you interested in NFT investments? | | | Reach Over 100,000 Financial Mavericks | Advertise with Financial Maverick to get your brand in front of the Financial Gurus in the world. The Mavericks are high-income and highly knowledge people who are always looking for an interesting product or tool. | | | Share Financial Maverick | Calling all Financial Mavericks! To help out a family and friend in need by sharing this newsletter. Tell you what if you ever wanted to be a Hero, Financial Guru, or a Nice Person this is your time! | | | DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. | |
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