Keeping Up with Back Cove Financial | Q1 Spring Newsletter
Back Cove Financial is a proud Corporate Partner of Maine Audubon.
🌷Spring Newsletter
Warm spring greetings from all of us at Back Cove Financial! As the new season settles in here in Maine, we are soaking up the sunshine and enjoying the warming weather. We hope your spring is filled with joy and excitement for the months ahead! Remember, we are always here to help with your financial planning and investment management needs throughout the year. Enjoy this wonderful season!
Mac ‘n Cheese Drive
in support of the locker project
We can not say thank you enough. Thanks to the incredible support from our clients and community, our offices proudly donated thousands of boxes of mac ‘n cheese to the Locker Project. This wonderful organization addresses child hunger in Maine with a whole-family approach, offering accessible, stigma-free, and eco-friendly programs. Every year, when we reach out to you for assistance in supporting their vital mission, you consistently respond with generosity and kindness. Together, we are making a meaningful difference in the lives of families in need. Thank you for being such an essential part of this journey!
Proud Sponsor and Participants:
Full Plates full potential: lunchroom revolution
Back Cove Financial is delighted to support Full Plates Full Potential, a remarkable non-profit dedicated to enhancing child nutrition programs in the fight against childhood food insecurity in Maine. Our sponsorship of Lunch Room Revolution showcases the inspiring collaboration of Mainers committed to ensuring that our school cafeterias are filled with nutritious and delicious local foods. We are truly excited to contribute to this vital cause!
Maine Audubon: Pollinator parade
Join Maine Audubon and Birth Roots in a celebration of our essential pollinators! Embrace your creativity by dressing as a bee, butterfly, ladybug, hummingbird, bat, or any beloved woodland companion for this delightful family festival and children’s parade! Back Cove Financial is a yearly sponsor of this event. We look forward to seeing you there: Saturday, May 16!
Q1 Investment Committee Notes
The Back Cove Financial Investment Committee meets quarterly to discuss the U.S. and global markets.
“Geopolitical events, including the War in Iran, continue to evoke a lack of clarity around the globe, affecting various industries. Financial markets famously do not like uncertainty, and there are some real economic concerns for us to watch, such as an increasing federal debt. While there is plenty of time to plan for managing the US debt, shorter-term fears are primarily around whether global investors continue to find US Treasuries a safe investment. Closer to home, many are feeling the pressure of rising prices at the gas pump – and across many more categories impacted by oil prices for travel and delivery. Still, the economy has shown resilience, unemployment remains low, earnings overall have been strong, and the dollar remains the world’s dominant currency. There are many moving pieces to keep watching closely, but we maintain a “keep calm and carry on” approach to asset allocation and investment management.”