Monthly Note

April, 2023

April is here, although spring hasn’t shown up to Idaho yet.  First a bit of housekeeping.  Lynn, my office manager is working on a number of things and often sends out emails to clients.  She hasn’t emailed a ton before, so clients aren’t conditioned to watch for her emails.  Please mark her email (lynn@tetonwealth.com) as safe in your email program, and watch for emails from her.

It was a crazy month in the financial world.  2022 and 2023 saw record setting interest rate hikes, and something was bound to break.  The banking system is certainly feeling that pressure now.  If you are interested in what happened, I have several videos on my YouTube channel that explain what happened with interest rates and the bank situation.  The markets have held up extraordinarily well through all the events.  It’s too early to tell if we’re through the worst of it, but the fact that the markets are largely flat from a month ago, is a positive sign.  The most recent comments from the Fed have also indicated that rate hikes may soon be taking a pause to give the banks a bit of breathing room, another positive sign.

March’s monthly webinar went great and thank you to those clients who attended.  This month’s webinar is titled “The New Middle Class” and talks about the middle class and how the housing market and 401k system is changing everything.  It’s scheduled for April 19th at 10am and you can register on the website.

We have been in the process of switching everyone over from the old client login system, Account View, to the new one, Account View 2.0.  Lynn sends out an email when she migrates you, and you should get an activation email to the new system around the same time, although those emails often get lost or sent to spam.  If you try and log into your old account view and it doesn’t work… you probably got migrated, but missed the emails, just give us a call and we will get you into the new system.  It’s a laborious process and Lynn is working diligently, but we cant do everyone all at once.

Lastly, spring is a busy time for annual reviews.  We have a large chunk of clients that are due, and Lynn and I are reaching out to get them scheduled.  Specifically, we need to get many reviews done before June, because I will be out of the country for about 20 days in June.  My twins graduate high school, and my wife is finishing her doctorate.  We are celebrating with a trip to Europe.  The office will be open and we will be conducting business as normal, but I may be slow to respond, and I won’t be doing account reviews during that time.  If Lynn and I are reaching out about an account review, Ideally, we need to get those scheduled in April or May.

 Markets are holding steady, so far so good!

Sincerely,

Michael Canavan