July 6, 2021

Mid Year Review Time

Greetings, Half the year is in the books, that means it is time to sit down and review your account with your Wilson Wealth Advisor. I personally have called many of you and will continue to do so this month to see how you are doing and schedule a meeting. Feel free to reach out to your Advisor if he or she has not contacted you just yet.   Maurice L. Wilson, Charlotte Office

Let’s talk about your account features Account Verification Emails – Interactive Brokers is very serious about security; thus, they will send emails out asking you to log in to your account to verify that your information is indeed current. Things that may have changed since you opened your account include your address, marital status, beneficiaries, or phone number. Keeping this information up to date helps to keep your account secure.  Advisor Consent for Withdrawal – If you have tried to take money out of your account you will notice that Interactive Brokers will notify your advisor that you are doing so. This is to ensure that your advisory team is aware that you are making withdrawals and ensure that it is indeed you and not a criminal who has hacked your account.  New Bank Accounts – If you are adding a new bank account to your Interactive Brokers account, please know that they will not send money to that account for a period of 30 – 45 days. This slows down the potential theft of your funds if a bad actor – criminal – has gained access to your account and personal ID and is setting up new financial accounts in your name. If you have any questions about these and other security features associated with your Interactive Brokers account, please contact your Wilson Wealth Advisor.

Stock Market Update There isn’t much to report about the market as of now. Themes that appear to move the market such as inflation fears, COVID-19 resurgence, tax hikes, etc. don’t seem to have much staying power. The market simply continues to move higher at a very deliberate pace.  This is known as a melt up. It’s different than last year’s market where we witnessed a violent rebound from pandemic induced sell off to market highs. Melt ups have a way of tricking investors who try to time to the market based on the news cycle. Luckily, we don’t pay much attention to the news and just stay the course. Remember periods like this when the market finally returns to more volatile waters.

This Month at Wilson Wealth  Podcasts Please check out our July podcasts as we feature two of our business owner clients. Travels I (Maurice) will be in Nashville and Atlanta this month as we continue to expand into our key markets, if you are in either market and want to meet please call me soon to arrange a meeting.

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Thank you for continuing to choose Wilson Wealth!!