Insights and reflections to support your financial growth
2023 Fourth Quarter Commentary
Happy New Year to you and your loved ones from all of us at Socha Financial Group. Last year turned out to be a better year for the markets and the economy than nearly everyone expected. Most market forecasters predicted the S&P 500 would end the year where it...
2024 FOMC Meeting Schedule
The Federal Open Market Committee (FOMC), a body of the Federal Reserve System - holds eight regularly scheduled meetings during the year. At each meeting, the committee discusses the outlook for the U.S. economy and monetary policy options. 2024 FOMC Meeting...
Market & Economic Insight
The Consumer Price Index (CPI) went unchanged in October and is up 3.2% year-over-year. This was below the consensus estimate and the markets celebrated with the S&P 500 gaining 1.91% and the Bloomberg US Aggregate Bond Index rising 1.19% on November 14th, the day...
Holiday Spending Tips
The holidays are a time for joy and celebration, but it is also an important time to manage your finances wisely. Here are some tips to help you enjoy the holidays without breaking the bank. Set a budget: See how much you can afford to spend on gifts, decorations,...
Trick-or-Treating and Money Lessons
Halloween, with its costumes, decorations, and the exciting tradition of trick-or-treating, isn't just about scares and sweets. This fun holiday offers an excellent opportunity to teach valuable money lesson to our kids. Here's how trick-or-treating parallels...
2023 Third Quarter Commentary
At the beginning of the year, most economic forecasters predicted the US would be in or entering a recession by now. Instead, the US economy was very strong in the third quarter with the Atlanta FED GDPNow forecast estimating 4.9% real GDP growth. This strong growth...