Advisors, be careful what you wish for with interest rates
'When an advisor or client stretches for yield, that’s when they can get hit,' one financial advisor notes.
Lots of financial advisors and clients are feeling good as the first half of 2023 closes. As of Friday at noon, the S&P 500 stock market index was up more than 15% for the year to date. And investors are making money in low-risk cash, with the fed funds rate above 5%.
But the recent spike in
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