For nearly two years we have stressed the importance of locking in attractive longer-term yields and not being fooled by the temporarily high rates on cash. Although longer-term rates have come down, it is not too late.
Nebius (NBIS), the new name of Yandex after divesting its Russian business, finally relisted on the Nasdaq. We were able to liquidate this security and the cash will now go into each account's managed portfolio, if your client held it. If this was a residual position in an account transferred out, we will now work to distribute the cash.
Tax Time: YTD Realized Gain/Loss Reports Available
If your clients have taxable accounts custodied at Goldman Sachs, a YTD Realized Gain/Loss Report as of 10/18/24 was loaded into the household Documents vault.
Did You Know?
Revocable trust accounts custodied at Schwab can now be opened digitally in our Open New Account tool.
What Triggered the Recent Rise in Bond Yields?
Which Direction Will the Election Send Rates? What Does the Updated IMF Economic Forecast Reveal for Investors?
Lord Abbett: "Macroeconomic and industry-specific trends are providing tailwinds. Given the scope of the opportunity set, we think selectivity will be the key to investment success."
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