top of page
  • Writer's picture Treavor Dodsworth CFP®, CPA, CKA®

#158 - A Few Thoughts on 2023

A Few Thoughts on 2023

Looking forward I see several items that could be a priority in the next year.

First is what I will call cash management. There are savings accounts earning 4% or higher right now. I know there are several of you with $60K+ plus in checking/savings that are earning next to nothing. By making a simple switch to a different bank account, you could start receiving $200/mth+ in interest.

Second, maintaining good investment behavior. A prolonged bear market is tiring. From 1928 to 2022 the S&P 500 has only been down in two consecutive years 9% of the time- gains followed by gains (55%), gains followed by losses (18%), losses followed by gains (18%), and losses followed by losses (9%). Reference below article. Please don’t abandon your investment philosophy after a single year of poor returns.

Third, tax planning. Many of the tax changes in the Tax Cuts and Jobs Act (signed into law in December 2017) are set to expire in 2025. While it is still years out and anything is subject to change, many advisors will start considering the ramifications for clients.

Financial planning is never stagnant. Happy planning in 2023!


Advent - Joy

Luke 2:9-11 - “An angel of the Lord appeared to them, and the glory of the Lord shone around them, and they were terrified. But the angel said to them, “Do not be afraid. I bring you good news that will cause great joy for all the people. Today in the town of David a Savior has been born to you; he is the Messiah, the Lord.” NIV

  • “Most of the time good stuff happens in the markets. But sometimes bad stuff happens too. To survive over the long-run you need to make sure you bake both outcomes into your expectations.”


Thank you for reading!

Images from Pexels: photographer Engin Akyurt.


Thanks! Message sent.

All written content on this website is for information purposes only. Opinions expressed herein are solely those of Sycomore Financial, unless otherwise specifically cited.  Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. The owner of this website takes great care to thoroughly research the information provided to ensure that it is accurate and current. Nonetheless, the content on this website is not intended to provide tax, legal, accounting, financial, or professional advice, and readers are advised to seek out qualified professionals that provide advice on these issues. All information or ideas provided should be discussed in detail with an advisor, accountant, legal counsel, and/or other pertinent professionals prior to implementation. In addition, the owner cannot guarantee that the information on this website has not been outdated or otherwise rendered incorrect by subsequent new research, legislation, or other changes in law or binding guidance. Neither Sycomore Financial or it's owner shall have any liability or responsibility to any individual or entity with respect to losses or damages caused or alleged to be caused, directly or indirectly, by the information contained on this website. In addition, any advice, articles, or commentary included on this website do not constitute a tax opinion and are not intended or written to be used, nor can they be used, by any taxpayer for the purpose of avoiding penalties that may be imposed on the taxpayer. Any mention of an investment product or solution is not a recommendation to buy or sell. ETFs that are mentioned may not accurately reflect the market segment mentioned. Past performance is not a guarantee of future results. Any mention of rates or return should not be seen as a guarantee those rates or return will be received.

bottom of page