Park Lake Advisors

Interest and mortgage rates continue to drop. Those drops have fueled refinancing. (Rates are still over 6.5%, but that's better than what some purchased a home at.)

Mortgage refinancing surges 35% in one week, as interest rates hit lowest level in over a year Applications to refinance a home loan surged 35% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.

When markets price in perfection and something happens that rocks that narrative, corrections happen. How long or how deep is anyone's guess.

If your goals/objectives have changed, we should talk. If your goals/objectives are the same...hold tight and don't watch the market. (In good times and in bad times.)

Dow drops 1,000 points, Nasdaq craters 6% in global market rout: Live updates The U.S. stock market was under pressure amid a broad global equity market sell-off. The losses come after the Nasdaq Composite fell into correction Friday.

If you log into your account and it looks off, it's because it is. Some stocks are showing incorrect values. It's a technical issue that the NYSE is working to fix. (Stock shown for example purposes only and should not be construed as any recommendation.)

On this Memorial Day, we honor the brave men and women who made the ultimate sacrifice for our freedom. They will never be forgotten.

We help clients build their financial plans so they can live a life like no one else.

🚨 Important Update for Students 🚨

Student loans just got more expensive, with interest rates hitting the highest level in a decade. 📈📚

If you're currently navigating your education finances, it's crucial to stay informed and explore all available options. Let's support each other through these challenging times! 💪✨



Education Dept. announces highest interest rate on federal student loans in more than a decade

https://www.cnbc.com/2024/05/14/education-dept-announces-2024-25-interest-rates-on-student-loans.html?__source=&utm_source=fb_page&utm_medium=Park+Lake+Advisors&utm_campaign=publer

www.cnbc.com

If you own iBonds, interest rates for the next six months have been set. They've pulled back a bit, but they still sit above 4%.

www.cnbc.com

𝗗𝗶𝗱 𝗬𝗼𝘂 𝗞𝗻𝗼𝘄?

The "Magnificent Seven" (𝘈𝘱𝘱𝘭𝘦, 𝘔𝘪𝘤𝘳𝘰𝘴𝘰𝘧𝘵, 𝘈𝘮𝘢𝘻𝘰𝘯, 𝘕𝘷𝘪𝘥𝘪𝘢, 𝘔𝘦𝘵𝘢, 𝘛𝘦𝘴𝘭𝘢 𝘢𝘯𝘥 𝘈𝘭𝘱𝘩𝘢𝘣𝘦𝘵/𝘎𝘰𝘰𝘨𝘭𝘦) currently comprise about 1/3 of the S&P 500 (𝘚𝘗𝘠) and about 40% of the NASDAQ (𝘘𝘘𝘘)?

How diversified are you?

Protecting your digital self with the use of an authenticator app is becoming more and more important. If you aren't already using 2-factor authentication (2FA), you're at high risk. Using 2FA with an authenticator app can provide an added layer of protection.

https://www.the-sun.com/tech/10412513/criminals-experts-warning-iphone-android-text-codes?utm_source=fb_page&utm_medium=Park+Lake+Advisors&utm_campaign=publer

‘Criminals can eavesdrop on you’ say experts warning iPhone and Android users SMARTPHONE owners should turn on multi-factor authentication or risk hackers spying on them, experts have warned. In today’s digital world, securing your online accounts is of the utmost impo…

We've been performing some server upgrades tonight. Our email was offline for a bit. If you sent a message, it was likely rejected. Email should be back up and running.

The website might not be back online until tomorrow, but we're doing our best.

Thank you for your patience.

🔥 Happy ! Ready to light the fire on your financial journey? 💪

Every choice today guides you on the path to financial prosperity. 💰✨

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Time to spark your financial journey into action! 💪

Every move today brings you one step closer to financial success. 💰✨

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Every action today propels you toward your financial dreams. 💰✨

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Every decision you make leads you closer to your financial goals. 💰✨

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Every move you make today is a step toward your financial aspirations. 💰✨

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Each step today brings you closer to your money dreams. 💰✨

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Every choice you make today guides you toward your money goals. 💰✨

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Each move you make today brings you closer to your money dreams. 💰✨

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Exciting news for Social Security recipients! 📢 In 2023, we saw a historic COLA increase, and the good news doesn't stop there. If you're currently receiving Social Security, get ready for a 3.2% cost-of-living boost in 2024! 💰📈

Learn more about it in this article:

https://www.cnbc.com/2023/10/12/social-security-announces-the-cost-of-living-adjustment-for-2024.html?utm_source=fb_page&utm_medium=Park+Lake+Advisors&utm_campaign=publer

Social Security cost-of-living adjustment will be 3.2% in 2024, well below this year's record-setting increase Social Security beneficiaries will see a lower increase to their monthly benefits in 2024 following a record increase this year.

Be thankful for today. Tomorrow is never guaranteed.

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Ready to supercharge your finances? 💪

Each step today brings you nearer to your financial dreams. 💰✨

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Ready to supercharge your financial journey with some motivation? 💪

Remember, every small step today gets you closer to your financial goals. 💰✨

🔥 It's ! 🔥

Ready for a dose of financial motivation? 💪 Here's today's quote:

Small steps today = big financial goals tomorrow. 💰✨

🔥 It's Financial Fuel Friday! 🔥

Remember, every small step you take today brings you closer to your financial goals. 💰✨

🌟 Hey travelers! Soon, you'll need a Real ID to catch those ✈️ flights in the USA. Gold star on your license? That's it! But here's the plot twist 🔄: 32% don't know how to get one! 😱 Don't be left behind, DMV adventures await! 😅 🇺🇸✨

Spoiler: You need to contact the DMV Real ID is about to be a must-have from TSA, but many Americans still have no idea how to get one.