SGH Wealth Management: What I'm Reading

As We Begin Our 20th Year in Business

SGH Wealth Management’s “Read What I’m Reading” Jan. 2025 | Jan. 21st, 2025

It’s a privilege to report another successful year in our collaborative journey toward achieving your financial goals.

Our plan and portfolio remain firmly grounded in these goals, rather than prognostication around the economy or the markets. This unwavering commitment will guide us in 2025 and beyond.

I think it’s nice to start the new year by restating some of our core beliefs as goal-oriented, plan-driven investors focused on high quality businesses. This core tenant allows us to help you hit your financial goals, with the least amount of risk possible.

2024 was powered by Big Tech Stocks, though things seemed to be spreading out a bit toward the end of the year, which would be a welcome sight to see. The economic backdrop continued to be favorable. The job market remained fairly strong, though showing signs of cooling caused by stringent monetary policy. Despite the dire state of U.S. government finances, the consumer is surprisingly in good shape. As household debt service ratio (debt payments: disposable personal income), at 10.1% in the third quarter of 2024, is near 40-year lows.

Most interestingly corporate earnings and dividends reached record highs and are forecast to increase further in 2025. Remember through all the uncertainty, earnings have been the most consistent driver of stock market performance.

We wish all our clients and friends—because to us they’re the same—a healthy, happy and prosperous 2025. We’re always here to answer your questions or address your concerns. Thank you for the privilege to serve you.

Sam G Huszczo, CFA, CFP named National Top 100 Advisor by ETF.com in the top link below: