In today’s letter we share some perspectives on inflation, and the relationship between inflation and stock market multiples.
Client letters and investment updates
Election years can be fraught with uncertainty as developments
surrounding the candidates, their platforms, and their predicted effects
on the economy and markets dominate the news. But should you let
this stream of political information influence how you and your advisor
manage your investment portfolio? Read more
Below are two studies, conducted by Morningstar and Innovest Portfolio Solutions, which demonstrate how periodically rebalancing your portfolio can reduce downside risk, shorten the recovery time following a market downturn, and enhance return potential compared to never rebalancing. Read full article
Foreign stocks and stock funds have underperformed the U.S. for a long time, but change is inevitable..
Information on the secure act and how Fidelity is handling the changes
Many people use a bank safe deposit box to store valuable papers and small assets.
Health Savings Accounts (HSA) Update
Health Savings Accounts or HSAs, subject to eligibility, represent the most attractive tax advantaged type of account.
by Julie A. Welch, CPA, CFP®, PFS; and Cara L. Smith, CPA, CFP®
Julie A. Welch, CPA, CFP®, PFS, is the director of tax services and a shareholder with Meara Welch Browne P.C. in Leawood, Kansas.
Cara Smith, CPA, CFP®, is a senior tax manager with Meara Welch Browne P.C. in Leawood, Kansas.
In this world of technology and constant connectivity, working remotely has become more common.
This month's Planet Money podcast: The Cost of Life in America.
FYI, great summary of a little known aspect of tax reform which allows investors to defer gains (and receive a 15% step up in basis) by rolling all or a portion of the gains into low income community funds, eg Qualified Opportunity Zones.
The word "goals" seems to generate a certain sort of emotional weight, for many, it's a roll-your-eyes-sort-of-dread ... “Not this again.” But we've found the following ideas to be helpful as we enter the annual season of goal setting.
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To prevent/minimize the impact of data breaches and identity theft:
Political issues shouldn’t play a large role in long-term strategy
Based on Russell Investments 2017 study
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Bonds sink as investors bet on an improving economy and value priced stocks.
In July, the stock market continued to rebound from the Brexit correction and experienced a rotation back toward large and medium capitalization growth stocks.
Stocks continue rebound from January funk, but bonds flat in May. Return expectations flat lining after post crisis run.
