Stewardship Concepts Financial Services
Helping Spokane small business owners with retirement plans and personal finances.
Stewardship Concepts is writing more blog posts! Noah, Wyn, and Amy's goal is to update and educate. Let us know what you think. Today, we are talking about Nvidia. Thank you for joining me today for two minutes on the economy, an interesting story, and a financial planning tip.
Economy
Exciting news! Canada's central bank cut rates from 4.75% to 4.5%, making it the first in the Group of Seven to lower rates. We'll see if other countries, including the U.S., follow suit. This move could influence inflation in Canada, potentially affecting Fed rate decisions.
Interesting Story - Nvidia
Nvidia has surpassed Apple to become the second-largest U.S. company, just behind Microsoft. Known for designing computer graphics processors used in gaming and data centers, Nvidia has seen a tremendous boost this year due to its chips' advantages in AI applications.
Financial Planning Tip- Should I invest in Nvidia?
Nvidia's rise to the top has garnered much attention, but it still needs to be a sure bet for investment. Their valuation has doubled in six months, raising high expectations. If Nvidia doesn't meet these expectations, its value could drop. We include Nvidia in our portfolios to capture their upside, but in small amounts to stay diversified. While Nvidia has great potential, especially in AI, relying too much on one company can be risky for retirement. Diversification is key!
Thank You!
We love what we do and have the capacity to help more people. If you run into anyone who could use our help, the best way to introduce us is to share our Contact Us page on our website, where they can schedule a free discovery call with one of our Spokane financial advisors.
Spokane Financial Advisor | Five Years From Retirement Helping couples with a 401k, five years from retirement
You need to sign up for Medicare at age 65 to avoid a penalty - even if you plan on using your work's health insurance (sometimes). Thanks for writing the article Amy Drury!
Sign Up For Medicare At 65 While Working Many people don't realize that sometimes you must sign up for Medicare even if you don't plan on using it. As you reach age 65 and are still part of your employer's or spouse's health insurance, understanding Medicare op...
Find out why 2022 was the worst year for bonds on record.
Worst Bond Returns Ever - (Q4, 2022, Economic Update) The calendar year 2022 was one for the record books for the financial markets. The US bond market as measured by the Bloomberg US Aggregate Bond Index had the worst returns in its history, while US stocks as measured by ...
An introduction-
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Spokane, WA
99208
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Monday | 8am - 4:30pm |
Tuesday | 8am - 4:30pm |
Wednesday | 8am - 4:30pm |
Thursday | 8am - 4:30pm |
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