Is Nvidia's Dance Card Full?

February 2024 - (Re)Aligning With Your Partner

Let's take a trip down memory lane to the 1800s when dance cards were in - some of you may even remember using them for your prom in the mid to late 1900s. Fast forward to today's investment dance floor, and Nvidia is stealing the spotlight.

Just like picking a dance partner, choosing investments demands a careful selection. Remember those prom days when your heart raced at the thought of asking someone to dance, only to realize there were plenty of potential dance partners around?

In the world of investments, Nvidia is undeniably turning heads, but is it the best match for your financial dance card? We're not dismissing the buzz around Nvidia, but let's not forget there are 493 other names (in the S&P) vying for your attention.

Much like in your prom days, where strategic choices paid off, in investing, it might be worthwhile to look beyond the obvious stars. Value investors, this one is for you. Consider the potential for a better, longer-term connection with a different name.

So, what's the key takeaway? It's time to examine your "dance card," weigh your options, and strategically fill those slots. Our team advocates Purpose Built Planning - crafting goals aligned with your values for a fulfilling journey. It's our secret weapon to dance through the market place.Contact us at (865) 379-8200 or info@lecontewealth.com for more information. 

Have you ever received a flyer that made you take action?

I recently received a flyer from one of the new businesses in town offering a chiropractic exam at no cost (Side note: I had never been to a chiropractor), making me consider how taking preventive actions is essential not just for our physical health but also for our financial well-being.

About six years ago, a car accident served as a wake-up call, potentially causing serious injuries. After a hospital visit and recommendations for physical therapy and chiropractic care, I, in my youthful stubbornness, toughed it out, ignoring ongoing back pain. Fast forward to today, and that flyer pushed me to take the overdue exam. Surprise, my alignment was off with a few other minor issues, drawing parallels with financial health.

Similar to our spine needing proper alignment, so do our finances.

>For more, read here

Alex Willard
Client Advisor
LeConte Wealth Management

Just over two years ago, Karla joined our LeConte family as a Client Concierge, bringing over a decade of expertise in customer service and management.

Karla's commitment to leading-edge thought, technology, and services has been nothing short of exceptional. Upholding values of honesty, kindness, and dependability, she crafts personalized experiences that exceed expectations for each client.

Karla navigates client needs effortlessly. Her dedication to excellence aligns seamlessly with LeConte's core values of doing the right thing, trust, and teamwork.

Here's to Karla, an invaluable member of our team! Cheers to two fantastic years and the positive impact she continues to make!

Recently Published On Financial Friction

 >Remembered

Hoy Grimm
Managing Partner
LeConte Wealth Management

Economy In Focus

The Data: 

• 12 - Nvidia's spot among country GDP rankings
• 65.7 - Homeownership levels 
• 6.36 - Credit Card Delinquencies (90+ days)

Commentary:

The stock market is on fire, and it's not just Nvidia's awesome earnings (up $6.05 billion in 12-months) that are stealing the show. Side note: the hype has landed the company at number 12 on the GDP ranking list for entire countries. 

The Federal Reserve has been cranking up interest rates for a whopping 18 months. What's the buzz? Well, it's making big companies, the blue-chip ones, rethink their financial game. For the first time in more than 20 years, it's actually cheaper for these top-notch companies in the US to sell shares than to borrow from institutions.

Regarding real estate activity this spring, there is still a mortgage rate headwind. With the US homeownership rate declining to 65.7% (3.5% below the 25-year average), it begs the question: What will be the longer-term impact of higher rates? Especially in the South, where migration has increased exponentially from higher tax states.

But here's the plot twist: our wallets are feeling the squeeze. Inflation is going wild, interest rates are up, our paychecks are growing slower than a snail's pace, and layoffs are becoming a thing. The big question is, how much longer will the Federal Reserve turn a blind eye to people struggling to pay off their credit cards (now up to 6.36%)?

LeConte In The News

We take pride in supporting our local Blount County community and are thrilled to announce that LWM secured the 15th spot in the Top 50 Most Generous Workplaces during the United Way campaign. A big shoutout to our clients who contributed to this achievement, and kudos to our team for exemplifying good stewardship, living open-handed, and embodying the LWM core value of Community Involvement through sharing their time, talents, and treasures.