Portfolio Update September 2022

It has been a confusing ride in the markets across all asset classes. We are now going to 1) go through the portfolios and recommend some sales 2) invest for our 2022 incremental funding and match. We also need to move one of the UTMA accounts from the trustee to the beneficiary because they turned 21.

We began the first portfolio right after 9/11/01, when the markets were at a nadir. There have been other difficult periods, especially the 2007-8 period and the long era of basically static markets.

These portfolios are for the medium to long term, and offer the beneficiaries an opportunity to understand markets, the importance of a long-term outlook, and the need to take control of their own finances.