Alternatives Update

Alternatives update

49ers Envy

2024 Wealth Management Bulletin     

Chris Robinson, CIMA®
Senior Vice President
Trust Investment Officer
513-932-1414 ext. 59106
During the California gold rush, which spanned from 1848 to 1855, an estimated 750,000 pounds of gold was discovered. In the 1st quarter, gold reached a new all-time high of $2,238.40/ounce, rallying over 7%. This means that the gold found during the gold rush would be worth approximately $26.8 billion today. Both gold and Bitcoin thrive during times of high inflation and currency devaluation, as we are currently seeing in today’s economy. Bitcoin experienced a significant surge, rising almost 70% during the quarter, from $42,547 to $71,011. Oil also saw gains of 15% for the quarter. While this benefits investors, it also increases inflationary pressure on consumers.

As equity markets reach all-time highs and the sentiment of higher interest rates persists, we have been exploring new alternative investments to enhance our clients’ risk-adjusted returns. One investment avenue we believe accomplishes this is the buffered investment space. Buffered investments participate in market gains up to a certain threshold, but offer some protection in the event of a market downturn. The trade-off is that when you participate in this space, you forego the dividends. We have begun acquiring DAPR: First Trust Vest U.S. Equity Deep Buffer ETF – April. This ETF provides down-side protection of 25% while allowing investors to participate in gains of up to 15%. As always, we are available to help you meet your financial goals – reach out to any of our LCNB| Wealth officers for a more detailed discussion.

LCNB National Bank (“Financial Institution”) provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for brokerage or advisory services.

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LPL Financial Form CRS