Quarterly Commentary Q4 2021: Effects of Omicron on Portfolio Returns
Portfolio results for the last quarter of 2021 were characterized by widely divergent returns across various asset classes. The emergence of the more contagious Omicron coronavirus variant resulted in “recovery” and “value” stock sectors underperforming in the fourth quarter, after doing well earlier in the year. Small-cap and micro-cap U.S. stocks (Russell indices) returned 2.1% and lost 2.7%, respectively, over the last quarter. Conversely, growth stocks (S&P 1500 growth) did well with a 13.0% quarterly return. The growth-centric S&P 500 also had a strong quarterly return of 11.0%.
(more…)Read MoreYear-End Planning
As year-end approaches, it is important to address any unresolved planning or tax issues for 2021 and ensure you are on track for 2022.
(more…)Read MoreWESCAP’s Q3 2021 Quarterly Commentary: Increasing Concerns of a Delayed Economic and Profits Recovery
Portfolio results for the third quarter of 2021 reflected increasing concerns of a delayed economic and profits recovery due to the Delta variant of the coronavirus, supply constraints, higher inflation, and U.S. government policy uncertainty.
(more…)Read MoreGet Ready for Tax Changes – They’re Coming Soon!
Congress is working on various tax proposals that could be voted on soon. The following discusses some of the proposed tax law changes. However, we do expect additional changes to occur as the proposals move through Congress. Therefore, we recommend not undertaking now any irreversible actions (e.g., sales, gifts) that you would not be doing absent these new tax proposals. By November we hope to have more clarity on these topics and some tax strategy actions could be warranted before year-end.
(more…)Read MoreWESCAP Helps Family, Friends and New Investors
WESCAP prides ourselves on being a family-orientated wealth management firm. We believe it is important to help our clients’ families in various ways. Here are a few of the ways we can help:
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