Planned Solutions

In this episode of the Planned Solutions Incorporated Podcast, The Magnificent Seven (the seven most valuable companies included in the S&P 500 index) increased in value by 75% in 2023, whereas the remaining 493 stocks in the index increased by 12%. This has captured the attention of investors and the financial press. However, what is often ignored is the large losses these stocks reported in 2022. In fact, over two years these seven stocks have had an overall performance very similar to the S&P 500 index as a whole. Also, The US stock market dipped to start 2024. However, the decline was just a small fraction of the gains realized over the final two months of 2023. In addition, the dip may just be the result of the normal ups and downs of the market, investment risk management activities, or tax planning. And, The new electric vehicle tax credits offer taxpayers up to $7,500 in tax savings. However, this credit is very complicated when it comes to determining which vehicles will qualify for the credit. In