At Heritage Financial, more than half of the bond investments we make on behalf of our wealth management clients are currently in securitized bonds, which have outperformed most areas of the bond market this year. So let’s take a look at what these bonds are, and why we like them.
Home sellers are lowering their prices at the fastest clip since 2019. The U.S. housing market may finally be cooling off. Nearly one in five home sellers dropped their price during the four-week period ending May 22 — the highest rate since 2019, according to a weekly Redfin study published Thursday.
Seniors often wait too long to simplify their finances, communicate financial goals, and eventually sign a power-of-attorney document that names someone to manage their money if they’re no longer capable. This delay can be costly, and it’s why researchers are urging seniors to choose a financial advocate and create a financial plan before they need assistance.
Howard Marks is out with his latest memo sharing bull market lessons. These are always a must-read, and here’s a podcast version for those who prefer that route with these longer pieces.
There are: Too many leagues. Too many federations. Battling billionaires. Bad behavior. And the growth of a booming sport is on the line.
Some encouraging signs that inflation is moderating.
No book recommendation this week, but this new show on Netflix was great.