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Obsidian Planning

Obsidian Market Update 11/4/2022

Hi friends!


This week, we’ll take a look at some good things going on in a not-great market. Then, in the market for some new kitchen gadgets? Read on!


We know that economic news feels like a bit of a slog, so we wanted to highlight four good things happening:


  • Bond yields are great for the first time in awhile. Treasury-insured protected securities (TIPS) are doing the best they’ve been in years. Because we care about keeping your portfolio balanced with both stocks and bonds, this is good news for our clients.
  • Tax-loss harvesting is having a moment. It might not feel great to have any losses, but right now we can do something about it. We can sell stock funds in which you have losses and buy into a different low-cost stock fund that allows you to avoid a wash sale. Or, if it’s not possible to offset the losses with gains in other holdings, some clients can take $3,000 in losses this year and carry forward the rest.
  • It’s a great time to convert to a Roth–much better than the end of last year. The conversion is buying the governments’ share of IRA and 401K accounts at a lower cost. Here are some things to consider in Roth conversions.
  • People who are accumulating stocks are in a good spot right now because both stocks and bonds are a better deal right now than they were at the end of last year. Buy low, sell high, right?


As always, if you have questions about what’s going on with your portfolio and what moves might be best for you, please give us a call!


Looking to up your home-cooking game in time for the holidays? Here are some of the kitchen gadgets that chefs vouch for:


  • A spoonula. No, not a dracula spoon–spooky season is over now. It’s a spatula spoon! It comes in a bunch of different colors and is a terrific multipurpose tool for baking and cooking.
  • A high quality wooden cutting board. It’ll be easier on your knives than plastic and you can get them in an array of sizes.
  • An electric potato peeler. WHO KNEW?! If mashed potatoes are a part of your holiday meals and your family prefers the potatoes peeled, this could be a lifesaver. And it’s inexpensive!


That’s it for us this week! Let us know what your favorite kitchen gadgets are, and we’ll be back in your inboxes next Friday.


How We Help


We’re getting into the time of year when we all start thinking about giving to charities. We recently spoke with a number of clients who made large sales of businesses or assets and then gave a substantial amount to Donor Advised Funds (DAF) or directly to a charity. A DAF is a charitable investment account that lets you support charities you care about in a way that is also advantageous for you from a tax perspective. It’s a great way to give! Call us if you want to talk about how you can use a DAF to make the most of your charitable giving as the year winds down.


Advisory Services offered through Obsidian Personal Planning Solutions, LLC. Securities are offered through Triad Advisors, member ​FINRA/SIPC.​ Obsidian Personal Planning Solutions, LLC, and Obsidian Personal Planning Solutions, Inc, are not affiliated with Triad Advisors.

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