Good Afternoon,

Happy New Year! The new year is the perfect time for a fresh start, we make new goals and changes for the better. As we ring in the new year now is a good time to review and update your financial checklist:

It is always good to review these items on a regular basis.

On Monday, a major snowstorm hit the I-95 in eastern Virginia, causing a crash that involved six tractor-trailers bringing traffic to a complete stop. Hundreds of motorists were stranded in their vehicles for more than 24 hours on the 50-mile stretch of the highway, due to the slow response from local officials. Temperatures dropped below freezing and many drivers ran out of gas, and some didn’t have food or water.  It is always important to be prepared and expect the unexpected.  The new year is a perfect time to check your car to make sure you have an emergency kit.  Here is a list of recommended items you should carry in your car in case of emergency:

  • Cell phone and car charger
  • Blanket, gloves and hat
  • Water and snacks
  • First aid kit
  • Flashlight
  • Car emergency warning devices
  • A basic set of tools
  • Tarp and raincoat
  • Jumper cables
  • Keep your car full of gasoline/or fully charged

The minutes from the Federal Reserve’s December meeting were released yesterday, signaling that the COVID stimulus may be nearing its end. Officials noted that rising inflation and near normal employment levels may push them to raise the federal funds rate sooner than expected. Policymakers also began debating how to decrease the Fed’s balance sheet, which could happen as soon as the first-rate hike. As of last Friday, the S&P 500, Dow Jones Industrial Average, and Nasdaq are all down 1.7%, 0.4%, and 4.2%, respectively, while the 10-year Treasury yield is marginally higher at 1.7%.

Our office is still undergoing construction and we are not having in-person meetings at our Irvine location currently. We are still available to meet in-person at an alternate location and available for virtual appointments. Please call our office at (888) 253-0288 or email Sunni@apriem.com to schedule a meeting with your Wealth Manager.

May the new year bring health, happiness, and blessings to everyone.

With appreciation,

Rhonda Ducote
President