Model Allocation Changes: 09/01/2023
KEVIN’S COMMENTS:
What a difference one month makes!
The markets were on fire in July and we’re the inverse in August.
In fact only 5 out of the 60 categories that we follow were positive in August.
This means that the Future Contributions purchased more shares in a falling market, but the overall balances in most participant’s accounts are lower.
To view all of the categories, sorted by their 4 week return, CLICK HERE.
This made it easy to purchase shares “on sale” as most everything was falling.
Except for US Equity Energy which kept it’s spot as the best performing Asset Class two months in a row.
The FUTURE CONTRIBUTION advice is changing today at 9am EST for any of your clients that have them turned on.
There are not any changes for the STRATEGIC or TACTICAL models today.
However, we are watching the TACTICAL models closely as there may be a change in the near future.
I will let you know if/when those change.
FUTURE CONTRIBUTIONS:
Equity Energy
Large Growth
High Yield Bond
The exact amounts you should allocate depend on the model that you are using. These categories may or may not be available in your plan. Please log into your Participant Dashboard to see the exact allocations you should be using as of today.
REBALANCE - STRATEGIC MODELS:
No changes.
(Last Rebalance was on Wednesday, July 5th)
The exact amounts you should allocate depend on the model that you are using. These categories may or may not be available in your plan. Please log into your Participant Dashboard to see the exact allocations you should be using as of today.
REBALANCE – TACTICAL MODELS:
No Changes.
(Last Rebalance was on Tuesday, August 1st
)
The exact amounts you should allocate depend on the model that you are using. These categories may or may not be available in your plan. Please log into your Participant Dashboard to see the exact allocations you should be using as of today.
Stay confident my friends!
-Kevin T Clark, RF
Kevin T Clark, RF™ is the CEO and Co-founder of Plan Confidence Corporation (PCC). Kevin is also an ERISA Nerd and one of only a hundred Dalbar certified Registered Fiduciaries (RF) in the United States. He has been helping hard working Americans invest their money for over 25 years!
PCC is an SEC registered investment firm specializing in providing advice to hard-working Americans investing in their employer’s retirement plans (401k, 403b, TSP, etc).