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Captain's Log
These past few months have been quite busy and full of changes with the new Department of Labor Fiduciary Rule going into effect June 9th, as well as our opportunity to partner with a new institutional money management team - Advisors Excel Wealth Management & Sterling Capital Advisors. We've discussed this in the past few monthly newsletters, but we're getting close to having everything wrapped up and put into place.
Another thing we mentioned last month is Riskalyze. I would encourage all of our newsletter readers to learn more about Riskalyze, which is a program we use to determine your personalized risk score and build portfolios that better align with your individual risk tolerance. You can complete a quick questionnaire to get your score and we can gather some information to get you a free analysis of your current portfolio to see if what you're doing lines up with your "comfort zone". You might be surprised at the results. Click this link and then hit the button that says "What's Your Risk Number" to complete your own Riskalyze questionnaire.
If you have any concerns or questions, then feel free to get in touch. We'll be happy to get your questions answered. Check our website for upcoming educational workshops, archived radio shows, Lake Norman Magazine articles, free reports and more.
Enjoy this month's articles, and we'll be back at you next month.
And, as always, remember -
The purpose of the money dictates where you put it.
Until Next Month,
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Tune In To
Our Radio Show
Saturday
10:00-10:30am
&
Wednesday
8:00-8:30am
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What's Your Risk Number?
By James D. Stillman
August 2017
I hope everyone is having a great summer so far. It's been nice to get out on beautiful Lake Norman and enjoy some down time. I try to keep my distance from the crazies, find a nice quite place to drop anchor, and chill while listening to NC beach music. Nothing beats a nice day out on the lake.
Last month we discussed five key planning areas in retirement, with one being the proper management of investment risk. We talked about how it is important, in our opinion, to get safer as you get older when it comes to how much you're willing to gamble with. We also discussed the importance of knowing your "Risk Number". Everyone should know how much loss they can actually stomach, then plan accordingly.
This month I want to tell our readers a little more about a really cool risk analysis program called Riskalyze that we use to determine your individual "Risk Number". Riskalyze was developed using theories that have won the Nobel Prize for economics on human behavioral science when it comes to investing and how emotions typically cause investors to make bad investment decisions.
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The Wealth Report:
July 20th 2017
The True Costs of Economic Growth
Overview
The fact is, economic growth can lead to a variety of outcomes, and not
all of them are good. For example, business growth can lead to
environmentally irresponsible expansion and bloated executive
compensation; wage growth can lead to wider income inequality and
consumer overspending; and increased productivity can lead to longer
work hours and more stress-related illnesses.
Over the longer term, America's economic growth has yielded a puzzling
dichotomy. A stark illustration of this is how long it took the economy to
recover from the 2008 recession. From a political standpoint, many
voters and politicians blamed the lack of growth on President Obama's
fiscal policies. However, the economy is influenced by many different
elements - including monetary policy; fiscal policy; and business,
consumer and investor confidence - so the fact that a confluence of
factors didn't produce a faster pace left many economists wondering
why. Economists attribute the following as some of the reasons for the
current state of growth in the United States.
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JDS Client Corner
We hope that everyone is out and about and enjoying their summer! Our clients Chris & Lee Webb sure are! They sent us this great shot from Hart Beach in the Netherlands. They recently took a two week trip to Europe to celebrate Chris's 50th birthday and had a wonderful time. They enjoyed exploring the culture, cuisine, and countryside.
Chris included this caption with the photo:
"We flew off to Amsterdam with only one plan; get lost on a cycle. Ended up on the North Sea coast in a town called Hart Beach. Turning 50 is not so bad."
Sounds like you are doing it right, Chris & Lee!
Please send us your vacation pics and let us know all the fun you are having this summer. Whether you are in an exotic place or just lounging in the backyard. Feel free to share your pics on our Facebook page, or email them to us by replying to this email.
We will feature pictures and stories from our valued clients as well as our family in this section each month.
If you'd like to be featured in next month's Client Corner,
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All content is intended for informational purposes only. Any guarantees are for insured products only and are dependent on the claims paying abilities of the insurer.
All investments carry some risk and you should be advised by your personal financial advisor before implementing any strategies discussed, as they are not suitable for everyone. James D. Stillman is an Investment Advisor Representative of JDS Wealth Management Corporation and Global Financial Private Capital.
JDS Wealth Management Corporation's outgoing and incoming e-mails are electronically archived and subject to review and/or disclosure to someone other than the recipient. We cannot accept requests for securities transactions or other similar instructions through e-mail. We cannot ensure the security of information e-mailed over the Internet, so you should be careful when transmitting confidential information such as account numbers and security holdings. If the reader of this message is not the intended recipient, or an employee or agent responsible for delivering this message to the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. If you have received this communication in error, please notify us immediately by replying to this message and deleting it from your computer."
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