Fifth Set Private Wealth Management LLC

“Stocks are expensive, what should we do?“ With stock markets continuing to make all-time highs on a regular basis following a 112.6%[1] gain off the March 23, 2020, COVID-19 lows, there’s a fair amount of “stocks are expensive, what should we do” discussion. The implicit concern expressed here is that if markets are expensive, there is a higher likelihood of a market meltdown....

Fifth Set – A Better Way to Think About Stock Valuations Wealth Wisdom. Moving you forward. Fifth Set Private Wealth Management LLC is an independent investment advisory firm serving successful mid-career professionals and their families. Fifth Set is the expression of our belief that clients are best served through a combination of an evidence-based inve...

Much has been made of the recent performance of large U.S. technology stocks. In particular, the performance of the FAANG[1] stocks has captured the imagination of many investors. To frame the discussion, let us look at how FAANG stocks have performed compared to standard benchmarks over the recent past. Over the prior year ending October 29, 2020, an equal weighted portfolio of the five FAANG stocks returned 64.8% compared to 11.6% for U.S. [ 682 more words ]

Will FAANG Stocks Continue their Dominant Outperformance? Much has been made of the recent performance of large U.S. technology stocks. In particular, the performance of the FAANG[1] stocks has captured the imagination of many investors. To frame the discussion, let us look at how FAANG stocks have performed compared to standard benchmarks …

As the U.S. and rest of the world continues to struggle with the global COVID-19 pandemic, the Paycheck Protection Program (PPP), a federal loan program designed to help small businesses in the U.S., has created a conundrum within the independent Registered Investment Advisor (RIA) community. A quick summary of the PPP program. As part of the CARES Act passed by Congress and signed into law by the president on March 27th 2020, the Paycheck Protection Program (PPP) is available to “(s) [ 479 more words ]

Independent Investment Advisor Firms and the Paycheck Protection Program – Fifth Set’s View As the U.S. and rest of the world continues to struggle with the global COVID-19 pandemic, the Paycheck Protection Program (PPP), a federal loan program designed to help small businesses in the U.S., has created a conundrum within the independent Registered Investment Advisor (RIA) community. …