November 20, 2023 Investor Insights
Thanksgiving Costs Less
November 20, 2023
Enjoy this week's "Investor Insights," a weekly newsletter highlighting the financial news you need and providing tips and tricks to help you make better investment decisions.
- Thanksgiving dinner costs less this year, with a 4.5% decrease from last year's prices. Despite this drop, prices are still 25% higher compared to 2019, following a 20.1% increase in 2022. 1
- Historical data shows that in the year leading up to the last 20 U.S. Presidential Elections, the S&P 500 gained 18 times out of 20, averaging a 9% increase. *1
- In the latest quarter, a record 20.5 million credit cards were opened in the U.S. Average balances hit a ten-year high of $6,088, up 15% from the previous year. Paying off this average credit card balance with minimum monthly payments would now take 17 years! 1
- Since 1940, stocks consistently outperformed cash. Even in 1-year intervals, cash historically lost to stocks over 70% of the time. Holding cash for 3 years increased underperformance to 31%, and over 25 years, the average underperformance soared to a remarkable 1,214%. 2, 3
Sources
- Bespoke Investment Group - "Cheaper Turkey, Ballooning Balances, Wretched Retirement, and more..."
- Advisorpedia - "Clients Stuck on the Sidelines? Give Them Three Reasons to Put Cash to Work with Confidence"
- This is not investment advice. Investment decision-making should take into account your personal risk tolerance, financial situation, and time horizons. Decisions to invest in any particular strategy, or conversely, to abstain from a particular investment strategy should be made in conjunction with consultation with your financial adviser.
*Past performance is not indicative of future performance
Disclosure: This information is furnished for the use of Glen Eagle Advisors, LLC, Glen Eagle Wealth, LLC, and their clients and/or contacts. It does not constitute the provision of investment advice to any person. It is not prepared with respect to the specific objectives, financial situation, or particular needs of any specific person. Investors reading this commentary should consult with their Glen Eagle representative/financial advisor regarding the appropriateness of investing in any securities or adapting any investment strategies discussed or recommended in this newsletter.
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