Concentration works in an investor’s favor when the top-performing stocks perform well, but history suggests this strong performance likely won’t last.
Does the 4% spending rule for retirees still apply? Morningstar’s Director of Personal Finance and Retirement Planning, Christine Benz, explains why this traditional advice might need some updating when it comes to future market conditions and your clients’ spending habits
Elevated inflation readings, the unfolding banking crisis, and angst about the debt ceiling dominated the tone for fixed-income markets. Most fixed-income sectors outperformed since economic releases generally showed signs of improvement.