Page 15 - Hobe Sound Reflections - March '23

Hobe Sound, Page 15

fiNaNCial foCus

Should Investors “Go It professionals can help clients like you arrive at this figure Furthermore, if you’re investing on your own, you

Alone”? by exploring your hopes and goals. How long do you plan to may always be measuring your results against the major
market indexes, such as the S&P 500 or the Dow Jones
work? What kind of lifestyle do you anticipate enjoying in
retirement? Where would you like to live? How much would Industrial Average. But in reality, your portfolio should
By Sally Sima Stahl you like to travel? Are you open to pursuing earned income contain a wide range of investments, some of which aren’t
If you’re going to enjoy opportunities, such as consulting or working part-time? contained in these indexes, so you might not be assessing
a comfortable retirement, Next comes the other key question: How much money your performance appropriately. A financial professional
you should know, among will be available for retirement? This big question leads to can help you develop your own, more meaningful
other things, how much many others: How much do you need to save and invest benchmarks that can show the progress you’re actually
money you’ll need. And each year until you retire? About what sort of investment making toward your goals.
you may have a much better return will you need to reach your retirement income In some areas of life, going it alone can be exciting –
chance of knowing this if goals? What level of risk are you willing to take to achieve but when it comes to investing for your future, you may
you get some professional that return? What is the role of other income sources such benefit from some company on the journey.
help. as Social Security or any pensions you might have? This article was written by Edward Jones for use by
Consider these findings Having a financial professional help you gain a clear your local Edward Jones Financial Advisor, Edward
from a 2021 study by idea of your retirement income picture can certainly be Jones, Member SIPC.
Dalbar, a financial services market research firm: reassuring. But there may be other reasons why “going Edward Jones is a licensed insurance producer in
• Investors who worked with a financial advisor were it alone” as an investor might not be desirable. all states and Washington, D.C., through Edward D.
three times more likely to estimate what they would have For example, when the financial markets are down, Jones & Co., L.P., and in California, New Mexico and
saved at retirement than “do-it-yourself” investors. as was the case for much of 2022, some investors make Massachusetts through Edward Jones Insurance Agency
• More than two-thirds of investors with a financial decisions based on short-term volatility, such as selling of California, L.L.C.; Edward Jones Insurance Agency
advisor were satisfied with the amount they would have investments to “cut their losses,” even if these same of New Mexico, L.L.C.; and Edward Jones Insurance
saved at retirement, compared to about 27 percent of the investments still have solid business fundamentals Agency of Massachusetts, L.L.C.
do-it-yourselfers. and good prospects for growth. But if you work with a Edward Jones, its employees and financial advisors
How do financial professionals help their clients in financial professional, you might decide to stick with cannot provide tax advice. You should consult your
these ways? these investments, especially if they’re still appropriate qualified tax advisor regarding your situation.
First, consider the issue of determining how much for your long-term strategy. Other times, of course, the Contact us at (561) 748-7600, Sally Sima Stahl, AAMS,
money will be needed for retirement. It’s not always easy advice may be different – but it will always be advice 1851 W. Indiantown Road, Ste. 106, Jupiter, FL 33458.
for individuals to estimate this amount. But financial based on your goals, needs and time horizon.

real estate

Treasure Coast Real Estate only a 20.4 percent decrease compared to January 2022. Interestingly enough the average sales price paid in January

Report Condos and townhomes took a beating though with a 43.8 2023 dropped from $1,034,061 to $654,988.

percent decrease.
What I’m seeing is that buyers are buying lower-priced real
These decreases are happening despite much more estate. Homes in the $300K to $500K price range sell quickly.
The Decline In Home Sales Continues In inventory for sale. A year ago, there was less than a Many of these buyers are people that are downsizing.
January, Sellers Will Need To Respond By month’s supply of homes for sale. This January there is As home sellers begin to realize that the crazy prices in
Adjusting Asking Prices a 3.3-month supply of homes. In other words, there are the first half of 2022 are over, they will begin to adjust their
By Jim Weix plenty of homes to choose from. asking price to something closer to reality. Those that don’t,
Statewide, home sales So what is happening? Is the real estate market won’t sell their home, because buyers are getting smarter.
were down 32.5 percent crashing? Feel free to call me if you would like to discuss your
compared to January 2022. No, the real estate market is not crashing. Simply put, options. I can be reached at (772) 341-2941 or jimweix@
Pending sales, which is buyers no longer act like toilet paper buyers during COVID. jimweix.com.
when a property goes under In fact, some of those buyers are now suing their Realtors Jim Weix is a broker associate with The Keyes Company.
contract but hasn’t closed in court. Victor Insurance Managers reports that they are Jim has 25 years of experience selling real estate full-time.
yet, were down 19.4 percent. seeing a 9 percent increase in lawsuits against realtors. If you have questions or want the services of an experienced
That would seem to indicate These buyers are claiming that their realtors expert, you can reach Jim at (772) 341-2941 or jimweix@
that the hoped-for “snowbird advised them to waive common sense things like home jimweix.com.
buying spree” won’t happen. inspections. They now realize that they paid too much
However , Martin and are having buyer’s remorse. When that happens, they
County fared better, with want somebody to blame, besides themselves.