Chornyak & Associates

March 2019

At Chornyak, we have began helping our clients to plan for their future at an early age. Our lead story addresses ideas regarding planning at any age - from your 20's through retirement.

With internet hacking becoming more of a concern for all, our second story provides some options for managing your many passwords with secure on-line applications.

This month's "What's Happening Now" section shares interesting stories and videos on how Amazon makes its money, good architecture leading to happier people, and the two choices his Dad gave Mark Zuckerberg as he contemplated college and his life choices.

We'd like to hear from you. Please feel free to contact us by phone at 614-888-2121, toll-free 877-389-2121 or e-mail with any questions or comments.

Sincerely, Joe
10 Strategies to Maximize your 401(k) Balance

How to Invest at Any Age -
20's, 30's, 40's, 50's, 60's and Beyond

When it comes to investing, there's no single window of time you have to put your money away. Whether you're 20 years old or already in retirement, there are ways for you to invest, and you should take advantage of them.

But do you know how to invest during every decade? We've broken it down for you to make the your decision process easier and more simplified. Keep in mind that life stages can also change your investing strategy and may not fall in the same decade as it does for other people. For example, maybe you had a baby in your 40s or 50s instead of your 20s or 30s. That would be the time to start a 529 account, not simply because you're in your 30s. Read More

Planning Your Charitable Giving for 2019

A Solution to the Password Problem

Whether you're looking to make a New Year's resolution or you're simply trying to implement some information security best practices, you would be well served to start using a password manager. Why?

Passwords: The weak link
According to a survey by Digital Guardian, "password overload" is a real problem. Worse, despite known risks, at least half of us admit to reusing passwords.

How many online accounts do you have? Probably more than you think. You've likely got at least one social media profile. Then, there's your e-mail (which might include both personal and work accounts), your various banking accounts, streaming services like Netflix or Hulu, and your Amazon account (who doesn't have one of those?!). That's not to mention all those apps on your smartphone.

Now think about the passwords you use for those accounts. Chances are, either you reuse passwords across multiple accounts or you have your passwords written down somewhere–both of which are no-nos when it comes to information security best practices. If, as the experts tell us, you need a strong password for each account that is at least eight characters long (and preferably longer) and combines upper- and lowercase letters, numbers, and symbols, there's simply no way you can remember all the passwords to all your accounts.

Unless, that is, you start using a password manager.

An all-in-one solution
A password manager–some well-known versions include LastPass, Dashlane, RoboForm, and 1Password–is essentially a secure online storage vault for your passwords. You'll find both desktop and smartphone app versions available. Load them on multiple devices and your information will be synced across them. Read More

What's Happening Now

How Amazon Makes Money Why Good Architecture Leads to Happier People Mark Zuckerberg’s Dad said he could go to Harvard or Have a McDonald’s Franchise

Market Update

Another strong month for markets

February was a short but sweet month for investors. U.S. equity markets followed up their strong performance in January with another solid month of positive returns. The Dow Jones Industrial Average led the way with a monthly return of 4.03 percent. The S&P 500 and Nasdaq Composite were close behind with returns of 3.21 percent and 3.60 percent, respectively. All three indices have already returned double digits to start the year.

Improving fundamentals supported this positive performance. According to FactSet, the blended earnings growth rate for the S&P 500 stands at 13.1 percent (as of February 22, 2019). This result is up from estimates of 12.1 percent at the end of December. Further, this improvement was widespread, with 7 of 11 sectors reporting better earnings than at year-end. Technicals were also supportive, with all three indices ending the month above their 200-day moving averages.

The international story was much the same. The MSCI EAFE Index gained 2.55 percent in February. The MSCI Emerging Markets Index came in a bit lower, with a return of 0.23 percent. Developed markets were supported by news of a potential Brexit delay, but a global slowdown in trade continued to weigh on emerging markets.

Technicals continued to be a challenge for developed international markets. The MSCI EAFE Index remained below its 200-day moving average for the ninth month in a row, although it came close to hitting its trend line by month-end. Technically speaking, emerging markets had a better month. They broke above their trend line at the beginning of the month and ended February in positive territory. Read More