May 2023 | Issue 3

Don’t let old news drive investing decisions.

There’s a lot of gloom and doom in finance-related media. There are kernels of truth in these stories, but it’s important to remember that economic data requires big picture thinking. While today’s markets look ahead, economic data show us what’s already happened. And that’s not always bad.

Past recessions can help us level-set expectations and remind us that all recessions are not equal. Since 1953, according to a recent Forbes piece, there have been 11 recessions at an average length of 10 months. Only one — 2008 — was 20 months. What’s certain? If you spend too much time thinking about the past, you might let it scare you away from the great recovery that’s often just around the corner.

Conversations like this is one reason you’ve chosen to work with us and we are here for them. If you have questions or concerns about your strategies, talk to your First Community financial consultant. Read the entire Forbes piece using the button.

Forbes | Stock Performance & Recessions

Planner Spotlight

Meet Manning.

Manning Crapps, who joined the First Community Financial Consultants team in 2014, holds a degree in economics from Clemson University. He is a South Carolina native who lives with his family in Lexington, a community that’s especially close to his heart.

His community spirit is one reason he was named to Clemson University’s Young Alumni Council’s “Roaring 10” in 2016. That distinction is bestowed to alumni who impact their community in business, leadership, community, educational and/or philanthropic endeavors.

Listen Up

New research yields stock investing insight.

Finance podcaster Peter Lazaroff takes a deep dive on stocks with author and WisdomTree Global Investment Officer, Jeremy Schwartz. Listen for perspective on stocks, fundamental indexing and managing cash in the current yield environment and more. Run time: 40 minutes. Short on time? Pay special attention from 6:00-13:00 minutes.

Listen to Podcast

Reach Out With Questions

803.343.0393

information@firstcommunityfc.com

Securities are offered through LPL Financial (LPL), a registered broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Investment advice offered through Independent Advisor Alliance, a registered investment advisor and separate entity from LPL Financial. First Community Bank and First Community Financial Consultants are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using First Community Financial Consultants, and may also be employees of First Community Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, First Community Bank or First Community Financial Consultants. Securities and insurance offered through LPL or its affiliates are:

Not Insured by FDIC or Any Other Government Agency

Not Bank Guaranteed

Not Bank Deposits or Obligations

May Lose Value

The information contained in this e-mail message is being transmitted to and is intended for the use of only the individual(s) to whom it is addressed. If the reader of this message is not the intended recipient, you are hereby advised that any dissemination, distribution or copying of this message is strictly prohibited. If you have received this message in error, please immediately delete.