The Index increased 10.9% for the second quarter and 6.2% year to date. Specific to the second quarter, it was not a steady climb as the Index declined 11% in the first week of the quarter, only to rebound nearly 25% by the end of June. The volatility underscores the importance of not overreacting to short-term market noise and adhering to a disciplined investment strategy focused on drivers of long-term growth.
We understand how concerned you may be with the uncertainty from the Trump Administration’s tariff decisions and the impact it is having on your investment portfolio. Our view is universally imposing such high levels of tariffs with our global trade partners is bad economic policy and not in the long-term best interest of our country. Our role as your investment advisor is to analyze the potential effects of the policies on the companies in your portfolio.
Our hearts go out to all those tragically affected by the Los Angeles area fires. We have made personal donations through Talbot Financial to the American Red Cross to support people who have been impacted by the fires. We are grateful for the tireless efforts of the first responders.
Please find attached your Talbot Financial third quarter 2024 portfolio review to supplement your monthly account statements available from Schwab. The report provides a performance summary of your investment portfolio compared to the S&P 500 Total Return Index (“Index”), Talbot Financial’s benchmark, and lists your investment portfolio holdings by industry sector.
Please find attached your Talbot Financial second quarter 2024 portfolio review to supplement your monthly account statements available from Schwab. The report provides a performance summary of your investment portfolio compared to the S&P 500 Total Return Index (“Index”), Talbot Financial’s benchmark, and lists your investment portfolio holdings by industry sector.