Carnegie Private Wealth

If your financial life has gotten to a place where it feels complicated and messy…. Pause. It doesn't need to feel that way. In fact, at Carnegie Private Wealth, our mission is to make our clients' lives easier. It's so simple, and, yet, so very important to people's overall sense of well-being and happiness. Here's what we know to be true: When money feels easy, life has a way of feeling better. #thursdaythoughts

We wish you a safe and spooky Halloween!

Is election anxiety affecting your investment decisions? You're not alone. But before making any major portfolio moves, consider this: Since 1984, markets have shown remarkable resilience post-election, with only two exceptions. Discover why patience and removing emotion from your investment strategy might be more crucial than ever in 2024. https://lnkd.in/eF9ycfjw

The S&P 500 index slipped 1% for its first weekly decline since early September as investors dissected companies' quarterly results. The market benchmark ended the week at 5,808.12, its first decline on a weekly basis since the seven days that ended Sept. 6. It's still up 0.8% this month and 22% in 2024. By sector, materials and health care had the largest percentage declines last week, falling 4% and 3%, respectively. Industrials shed 2.8% and financials lost 2.1%. Utilities, real estate and consumer staples were also in the red. Find out more from Joe Pay in this week's #CarnegieMarketMinute! #marketcommentary #investing #stockmarket #marketnews

#MondayMotivation

A movement known as “FIRE, (financial, independence, retire early)” has gained momentum as more and more millennials in the workforce show interest in becoming financially independent and retiring early. Conversely, there is a debate about whether it is more financially beneficial to retire early with financial independence or to delay retiring, also known as “DIRE” (delay, inherit, retire, and expire). Read our latest blog to discover which philosophy appeals to you. https://lnkd.in/gMa7r8Rh

The S&P 500 index rose 0.9% last week, its sixth consecutive weekly gain, as a number of heavyweight US companies released quarterly results that topped expectations. The S&P 500 ended Friday's session at a record closing high of 5,864.67. Its latest intraday high was set on Thursday at 5,878.46.  The index is now up 1.8% for October and 23% for the year. All but two sectors rose, led by a 3.4% climb in utilities and a 3% increase in real estate. Financials, materials and consumer discretionary were also up by more than 1% each. Energy and health care were the sectors in the red for the week, falling 2.6% and 0.6%, respectively. Find out more from Joe Pay in this week's #CarnegieMarketMinute! #marketcommentary #investing #stockmarket #marketnews

#MondayMotivation

October is Cybersecurity Awareness Month. The more assets you have at stake, the bigger the target on your back for cybercrime. Read our latest blog to discover how to build a comprehensive cybersecurity strategy. https://lnkd.in/eDpaBwj6

The S&P 500 index rose 1.1% last week, setting fresh record highs, as the Q3 earnings season started on a positive note. The market index closed Friday's session at 5,815.03, a new closing high and its fifth consecutive weekly gain. The S&P 500 also reached a fresh intraday high on Friday at 5,822.13. It is now up 0.9% for the month of October and 22% for the year. The technology sector had the strongest percentage increase of the week, rising 2.5%, followed by a 2.1% climb in industrials and a 1.8% advance in financials. Health care, materials and consumer staples also rose. On the downside, the utilities sector fell 2.6%, followed by a 1.4% loss in communication services. Consumer discretionary, energy and real estate also declined. Find out more from Joe Pay in this week's #CarnegieMarketMinute! #marketcommentary #investing #stockmarket #marketnews