October 29, 2022 | Portfolio Splits, Gross Domestic Product Report,10-Year Treasury, Oil Companies, How spouse age difference affects social security

<p>Portfolio Splits I have been investing money for clients for over 40 years and it was not long into my career that I questioned rules of thumb like the best portfolio is a 60/40 split of stocks and bonds. I’ve always felt it was better to research deeply investments that were undervalued and would do well going forward. My fear has proven to come true over the years, especially now as according to Bank of America the 60/40 split portfolio is having its worst year in 100 years as the annualized change in its recent year-to-date value was down 34.4%. Year to date we are down a little bit in our portfolio but based on what we have I still believe we can have a positive return come December 31, 2022. With a 60/40 split based on what I see going forward I don’t think that has a break even for at least 3 to 5 years. I still stand behind my statement that rules of thumb when it comes to investing don’t work long-term. Gross Domestic Product Report Q3 GDP produced the first positive growth of the year as it increased at an annualized rate of 2.6%. The consumer continues to remain strong enough to produce growth as the consumption category grew 1.4% in the quarter. This was entirely due to the service economy, which was up 2.8% compared to consumption of goods, which fell 1.2% in the quarter. Gross private domestic investment continued to struggle as it fell 8.5% in the quarter. This was largely attributable to the decline in residential investment which fell 26.4%. Investment in equipment and intellectual property products were positives as they grew 10.8% and 6.9% respectively. The change in private inventories continued to weigh on the report as it subtracted 0.7% from the headline number and with the heavy inventories at retailers, I believe this could remain subdued for the next quarter as well. The major highlight came from the trade component which added 2.77% to the headline number. This came as exports climbed at an annualized rate of 14.4% and imports fell at an annualized rate of 6.9%. With the likelihood o