MidSouth Week in Review
November 22, 2024

Weekly Update from Fund Manager Buzz Heidtke, MidSouth Investment Fund

For the week the S&P was up 1.6% and the year-to-date it is up 25.8%.  Bitcoin made new closing high of $99,300.  U.S. bitcoin ETFs now hold a record 1.1 million bitcoins. The average rate on a 30-year mortgage in the U.S. increased to 6.84% from 6.78%, reaching its highest level since July.  Gold prices are nearing $2,700 for the first time since Election day.  Sources:  Wall Street Journal and New York Times

BuzzBits

Home Loan - A $400,000 home loan at 6% over 30yrs = $863,352 in total payments.  It costs double.  Paying an extra $50 per week: Saves you $104,182 in interest.  Paying an extra $100 per week: Saves you $167,642 in interest - Refin

Retail Traders - JP Morgan says retail traders are struggling.  The average retail investor is up just 3.7% YTD despite the S&P 500 being up 25% and on trach for the best year.  Bad timing during market pullbacks has cost the retail investors the vast majority of potential gains - The Kobeissi Letter

Home Buyers - 7% of first-time buyers used an inheritance for their down payment last year.  That’s more than double the share of repeat buyers who are doing the same, per NAR.

Stocks Vs Treasury - The average growth of $100k invested in U.S. stocks over 30 years is $2.5 million vs $395k for the same initial investment in Treasury Bills - Charlie Bilello

College Fees - In the last 30 years, the cost of college has increased by 68%, with in-state tuition at a public college costing an average of $24,920 and $58,600 at private non-profit universities when accounting for tuition, fees, food & housing, per the College Board.

Five Most Expensive Cities in The World - https://www.instagram.com/reel/DBvi3JQtStH/?igsh=MWdzaG1pbGVpY2J6YQ==

Life in The USA - https://www.instagram.com/reel/C_GM-YRu-jX/?igsh=b25wOXVzc3lwazdy

Current Retirement Age by Country - https://www.instagram.com/reel/DBg2H1yRqvJ/?igsh=MWZjNnFjOHhtMTdocg==

The material was prepared by MidSouth Investment Management LLC, and does not necessarily represent the views of the presenting party, nor their affiliates.  This information has been derived from sources believed to be accurate.  Please note – investing involves risk, and past performance is no guarantee of future results.  The publisher is not engaged in rendering legal, accounting or other professional services.  If assistance is needed, the reader is advised to engage the services of a competent professional.  This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty.  This is neither a solicitation nor recommendation to put through a regular purchase or sell any investment or insurance product or service, and should not be relied upon as such.  This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results.  Investments will fluctuate and when redeemed may be worth more or less than when originally invested.  All economic and performance data is historical and not indicative of future results.  Market indices discussed are unmanaged.  Investors cannot invest in unmanaged indices.