Foreign Stocks Outperform US Stocks
b"In this episode of the Planned Solutions Incorporated Podcast, Foreign stocks have outperformed US stocks by 12% over the past two months. This represents a major shift from what has been a long and fairly consistent period of higher returns from US stocks. This recent shift in returns is partially explained by a weakening US dollar compared to other major currencies. However, foreign stocks also appear to offer more attractive valuations than US stocks at this time. \\n\\nAlso, The pace of existing home sales has plummeted in the US as higher interest rates have made homes less affordable for many buyers. However, prices have remained resilient, increasing 3.5% year-over-year. This shows a disconnect in the housing market as demand wanes but sellers are choosing to stay put rather than reduce the price, they will accept for their home leading to fewer and fewer completed sales. \\n\\nAnd, With interest rates continuing to rise it is important for households to make some changes to their spending patterns. The buy now, pay later strategy may no longer be attractive as a higher mortgage, auto loan, and credit card interest rates may substantially increase the total costs. In other cases, it may be preferable to buy now before interest rates fall and prices potentially rise with a strategy to aggressively pay down balances.\\n\\nPlus a look at the Planned Solutions Incorporated Office Bulletin Board- We will soon be sending out our tax engagement letters and tax organizers as we begin to prepare for the upcoming tax season. If you have any questions about the packet or the process of gathering your tax documentation for the 2021 tax filing season, please do not hesitate to send us an e-mail or give us a call.\\n\\nChase Armer's book- Financial Planning Insights is now available at:\\nwww.amazon.com/Financial-Planning\\u20261586894022&sr=8-1\\n\\nTo subscribe to the Personal Finance Review (the written form of all the content we discuss on the podcast) please e-mail Katie@PlannedSolutions.com\\n\\nThe Personal Finance Review is published and distributed on a biweekly basis by Planned Solutions, Inc. for informational purposes only. Please seek the advice of a qualified financial planner before taking any action.\\n\\nPlanned Solutions, Inc."