Year-End Financial Planning Opportunity Checklist
As 2024 comes to a close, now is the perfect time to review your year-end tax strategies and plan for the year ahead. Below is a checklist of items to consider before year end:
(more…)Read MoreWESCAP Q3 2024 Quarterly Commentary: Fed Rate Cuts and Global Growth
Portfolio results for the third quarter of 2024 were generally strong. The Federal Reserve cut interest rates by 0.5%, which was more than expected. Likewise, longer-term interest rates also declined. This helped asset pricing for longer-term fixed income assets and boosted most global stock prices, especially those that are more economically sensitive.
(more…)Read MoreOutsmart the Dealership: Save on Your Next Car
At WESCAP, we’re always interested in the best way to approach a market. This isn’t limited to financial assets. So today we’re going to talk about how to get the best price on a new car.
(more…)Read MoreWESCAP Q2 2024 Quarterly Commentary
The portfolio results for the second quarter of 2024 were mixed. Treasury bonds decreased by approximately 2.2% as interest rates rose, negatively impacting many asset classes, though not all.
(more…)Read MoreAI (ChatGPT): Financial Wizard or Wishful Thinking?
At WESCAP, we have been using and testing ChatGPT 4.0 for some time.
Chat GPT 4 is fast and has vast amounts of data and information available to it. It can write spreadsheet formulas, do various math calculations. It can understand conversations and create well-written responses. It has aced legal bar exams and similar difficult tests that far exceed the average person’s ability to do so.
It and other similar large language models use a deep-learning neural network model. When asked about its own drawbacks and limitations, here is how ChatGPT responded:
(more…)Read More