Summer has arrived and from our local traffic, we can tell that school is out and vacations have started. While the market and investment funds typically don’t take a ‘vacation’, summer seems to have
lower volume and brings higher volatility
. With trade talks, interest rates and other factors still in play, we should expect swings this summer.
We have recently had several inquiries from business owners about investments in Opportunity Zones. While these can provide tax benefits, there are also requirements. We’ve asked Michael Kouyoumdjian, Managing Shareholder from RP&B CPAs in Riverside, CA, to provide information on commercial investments in Opportunity Zones and how they can be good tax strategies. His article provides insight into Opportunity Zones and how the tax benefits work.
We really enjoy giving back. If you are interested, you can join our efforts at Hope for Housing. See the video of me talking with kids about earning interest and an opportunity to participate in a school supply drive.
As always, we’ll keep you apprised of any changes or swings in the financial landscape. Feel free to contact us, if you have questions. Happy Summer!
?Henry Ford, Principal