March 7, 2024

Purus Perspective: March 2024

This past month, your Purus team has been hard at work, and we are excited to share this month’s Purus Perspective with you. We have included some great industry articles and information that we hope you find useful.

2024 is off to a great start. The economy seems to be moving toward the “soft landing” everyone has been hoping for, but we will continue to keep a watchful eye on the data. The fixed income markets are also at a healthier place than they have been in a decade with opportunity on the horizon, as discussed in this Snapshot of Bond Valuations.

This year, there are elections in more than 60 countries. As discussed by recent Goldman Sachs Research,  “government spending tends to increase, central banking policies tend to ease, and economic uncertainty drifts higher in the runup to election day.” During these periods, your Purus Investment Committee works diligently to keep our eye on our long-term investment plans and will pivot accordingly if short term movements in asset classes warrant further scrutiny.

As always, we hope you and your families are doing well. Don’t forget, Daylight Savings Time starts Sunday, March 10…we’re all looking forward to a little more evening sun!

What's Right With the World

Capital Group
"A daily diet of negative news can lead even the most experienced investors to lose conviction in their long-term investment plans.

Bad news often overshadows more favorable events. Even after the U.S. avoided a recession and the inflation picture brightened in 2023, many Americans remain downbeat about the economy.

The U.S. may be stronger than you think."

Is a Debt Spiral Already Here?

First Trust
"Washington DC continues to spend much more than it gets in revenue.  In the Calendar Year of 2023, the federal government spent $6.3 trillion, but only collected $4.5 trillion in taxes.  This $1.8 trillion gap drove the national debt to $34 trillion in December 2023.  And it is only going higher."

Don't Let Your Wealth Plan Fall Victim to Financial Exploitation

Janus Henderson
"Financial scams can lead to significant near-term damage, but the longer-term consequences may be even more costly. Wealth Strategist Ben Rizzuto discusses risk factors, common scams, and how to avoid being exploited."

Waymakers Returns to its Roots - Opens New Offices in Irvine!

Purus Attends Ribbon-Cutting!

Mark & Bonnie Larsen, representing Purus, had the privilege of attending the grand opening ribbon-cutting ceremony for the new offices of Waymakers OC located in Irvine, CA.  

"The event, held on February 14th, marked a significant milestone in Waymakers' journey as it returns to the city where its roots were planted in 1972.

The move back to Irvine signifies a powerful homecoming, allowing Waymakers to continue its crucial mission of guiding individuals through conflict and crisis towards strength and stability. The organization is committed to providing unwavering support, counseling, and education to those in need, building on the legacy established nearly five decades ago."

Purus is proud to be an active supporter of Waymakers' commitment to those in need throughout the community.

Cybersecurity Quick Check - AI & Investment Fraud

via Hannah Morreale, Operations Specialist & Digital Concierge

Click the link below to learn more from the SEC/FINRA/NASAA about this important topic.

If you have any questions about this month’s topic, reach out to our cybersecurity team.