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T
his Week from Jesse Hurst
Jesse W. Hurst, II
CFP® CERTIFIED FINANCIAL PLANNER™
AIF
® ACCREDITED INVESTMENT FIDUCIARY
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Why Simplifynance?
As Impel Wealth Management has continued to grow, we faced a dilemma in helping our next generation of potential clients. Many of our existing clients, who are mostly 50-80 years old, initially came to us wanting to be able to retire successfully. They had a vision of what a successful retirement looked like for them and their families, and they wanted to be able to quantify what they needed to accumulate in order to reach those goals.
However, a wonderful thing has happened along the way. Many of our clients have asked us to help their children and other family members get an earlier start on planning for their financial future. Luckily for Impel Wealth and our clients, we have partnered with Horizon Advisor Network. Over the last two years, Pete Bush, my good friend and managing partner at Horizon has been envisioning a new way for us to help this Next Generation of clients. After months of discussion, design and testing, this dream has now become a reality for all of us.
Enter Simplifynance, and our Financial Advisor, Nathan Ollish, CFP®. We know that by and large this next generation of clients has been ignored by the financial planning industry. While many of them have not yet accumulated significant assets, they do have very critical financial planning issues that need to be addressed in order for them to start a path towards future financial success. Simplifynance allows us to utilize the latest technology platforms, along with the relationship of a human advisor to help these clients answer critical financial planning questions for their families such as:
- How do I save money for a down payment and qualify for a mortgage to purchase my first home?
- How do I make best use of my employer's group benefit plans?
- What is the best way to pay down/pay off any student loan or credit card debt that I may have?
- How do I start an education savings program for my young children?
- Do I need estate documents and/or life insurance?
Nathan is passionate about helping others pursue their dreams and sharing ideas on how to achieve them. He offers clients an authentic, genuine look at their current financial resources and goals, then creates a custom plan to help them balance enjoying life now while preparing for their future. He would like to see a shift in clients having an apprehension of their finances to a positive understanding of how their money can work for them. Clients can expect straight forward answers from Nathan that are timely, trusted and informed.
Nathan is the Simplifynance advisor for the Impel Wealth Management team. He joins Rachel Stewart of Horizon Wealth Management as the first two Financial Advisors utilizing this program. We have a unique opportunity to help clients ages 25-40 years old. Horizon fully expects to have more than 50 advisors utilizing Simplifynance across the country in the next few years.
Now that I have told you WHY we are excited about Simplifynance, I will let Nathan tell you next week WHAT it is all about and how we are utilizing this exciting platform to service this next generation as we keep "Moving Life Forward" for our clients...and their families!!
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Weekly Market Commentary
March 25, 2019
The Markets
Wonder what the Federal Reserve's 40-yard dash time is?
On Wednesday, the Fed juked like an NFL running back and left investors wondering whether they should buy or sell. Heather Long of The Washington Post reported the U.S. central bank:
- Lowered its 2019 estimate for U.S. economic growth to 2.1 percent
2. Announced its intention not to raise rates in 2019
3. Indicated it will stop shrinking its balance sheet in September
Fed Chair Jerome Powell explained, "My colleagues and I have one overarching goal: to sustain the economic expansion with a strong job market and stable prices for the benefit of the American people. The U.S. economy is in a good place and we will continue to use our monetary policy tools to keep it there...We continue to expect that the American economy will grow at solid pace in 2019, although slower than the very strong pace of 2018."
The Fed's decision to adopt a looser monetary policy was informed by a variety of factors, including slower economic growth in the United States, China, and Europe, as well as unresolved policy issues like Brexit and ongoing trade negotiations.
Investors weren't sure what to make of the Fed's moves. Initially, major U.S. stock indices trended higher as investors celebrated the benefits of accommodative monetary policy. By the end of the week, though, many investors had changed their minds and fled to 'safe haven' investments, pushing long-term Treasury rates lower. Alexandra Scaggs of Barron's reported:
"When short-term yields rise above long-term yields, it's known as an inverted yield curve, which is seen even by central bankers as a sign that an economic contraction could be on the way...Benchmark 10-year Treasuries rallied Friday morning, driving their yields below those of the three-month U.S. Treasury."
So, is recession imminent in the United States? It's possible but unlikely. According to a source cited by Barron's, the last six times the yield curve inverted for 10 days or longer, recession occurred within the next two years.
No matter how the economy and/or markets perform, it may not be a good idea to make sudden portfolio changes. If you're feeling uncertain, give us a call. We can discuss changes you may want to make to your portfolio.
Data as of 3/22/19
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1-Week
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Y-T-D
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1-Year
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3-Year
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5-Year
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10-Year
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Standard & Poor's 500 (Domestic Stocks)
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-0.8%
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11.7%
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5.9%
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11.0%
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8.5%
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13.0%
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Dow Jones Global ex-U.S.
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-0.2
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9.7
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-7.2
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5.7
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1.1
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6.3
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10-year Treasury Note (Yield Only)
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2.5
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NA
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2.8
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1.9
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2.7
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2.7
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Gold (per ounce)
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0.6
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2.3
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-1.3
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1.5
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0.0
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3.3
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Bloomberg Commodity Index
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0.2
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6.6
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-6.1
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0.2
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-9.3
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-3.3
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DJ Equity All REIT Total Return Index
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0.7
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15.6
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19.7
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8.3
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10.1
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17.6
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S&P 500, Dow Jones Global ex-US, Gold, Bloomberg Commodity Index returns exclude reinvested dividends (gold does not pay a dividend) and the three-, five-, and 10-year returns are annualized; the DJ Equity All REIT Total Return Index does include reinvested dividends and the three-, five-, and 10-year returns are annualized; and the 10-year Treasury Note is simply the yield at the close of the day on each of the historical time periods.
Sources: Yahoo! Finance, Barron's, djindexes.com, London Bullion Market Association.
Past performance is no guarantee of future results. Indices are unmanaged and cannot be invested into directly. N/A means not applicable.
Scandinavia sweeps again.
The 2019 United Nation's World Happiness Report was published last week. The Finns remain the happiest people in the world. In fact, happiness in Finland has been trending higher since 2014.
People in Denmark and Norway also are happier than they were previously. The average score for the Danes increased by more than the average score for the Norwegians, so Denmark is now second and Norway third.
The report's authors explained, "...the top countries tend to have high values for most of the key variables that have been found to support well-being: income, healthy life expectancy, social support, freedom, trust, and generosity."
The 10 happiest countries in the world, according to the report, which aggregated data on 156 countries from Gallup World Polls, are:
1. Finland (7.769)
2. Denmark (7.600)
3. Norway (7.554)
4. Iceland (7.494)
5. Netherlands (7.488)
6. Switzerland (7.480)
7. Sweden (7.343)
8. New Zealand (7.307)
9. Canada (7.278)
10. Austria (7.246)
Since the report began, happiness has increased most dramatically in Benin (#102), Nicaragua (#45), Bulgaria (#97), Latvia (#53), and Togo (#139).
The United States came in at #19. Overall, happiness levels in the U.S. have declined by almost 0.5 since the report was first issued. The report stated:
"Several credible explanations have been posited to explain the decline in happiness among adult Americans, including declines in social capital and social support (Sachs, 2017) and increases in obesity and substance abuse (Sachs, 2018)...I suggest another, complementary explanation: that Americans are less happy due to fundamental shifts in how they spend their leisure time...the way adolescents socialize has fundamentally shifted, moving toward online activities and away from face-to-face social interaction."
Weekly Focus - Think About It
"The human race has only one really effective weapon and that is laughter."
--Mark Twain, American author
Best regards,
Jesse Hurst
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Securities and advisory services offered through Cetera Advisors LLC, member FINRA/SIPC, a broker/dealer and a Registered Investment Adviser. Cetera is under separate ownership from any other named entity.
These views are those of Carson Group Coaching, and not the presenting Representative or the Representative's Broker/Dealer, and should not be construed as investment advice.
* This newsletter was prepared by Carson Coaching. Carson Coaching is not affiliated with the named broker/dealer.
* Government bonds and Treasury Bills are guaranteed by the U.S. government as to the timely payment of principal and interest and, if held to maturity, offer a fixed rate of return and fixed principal value. However, the value of fund shares is not guaranteed and will fluctuate.
* Corporate bonds are considered higher risk than government bonds but normally offer a higher yield and are subject to market, interest rate and credit risk as well as additional risks based on the quality of issuer coupon rate, price, yield, maturity, and redemption features.
* The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. You cannot invest directly in this index.
* All indexes referenced are unmanaged. Unmanaged index returns do not reflect fees, expenses, or sales charges. Index performance is not indicative of the performance of any investment.
* The Dow Jones Global ex-U.S. Index covers approximately 95% of the market capitalization of the 45 developed and emerging countries included in the Index.
* The 10-year Treasury Note represents debt owed by the United States Treasury to the public. Since the U.S. Government is seen as a risk-free borrower, investors use the 10-year Treasury Note as a benchmark for the long-term bond market.
* Gold represents the afternoon gold price as reported by the London Bullion Market Association. The gold price is set twice daily by the London Gold Fixing Company at 10:30 and 15:00 and is expressed in U.S. dollars per fine troy ounce.
* The Bloomberg Commodity Index is designed to be a highly liquid and diversified benchmark for the commodity futures market. The Index is composed of futures contracts on 19 physical commodities and was launched on July 14, 1998.
* The DJ Equity All REIT Total Return Index measures the total return performance of the equity subcategory of the Real Estate Investment Trust (REIT) industry as calculated by Dow Jones.
* The Dow Jones Industrial Average (DJIA), commonly known as "The Dow," is an index representing 30 stock of companies maintained and reviewed by the editors of The Wall Street Journal.
* The NASDAQ Composite is an unmanaged index of securities traded on the NASDAQ system.
* International investing involves special risks such as currency fluctuation and political instability and may not be suitable for all investors. These risks are often heightened for investments in emerging markets.
* Yahoo! Finance is the source for any reference to the performance of an index between two specific periods.
* Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
* Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
* Past performance does not guarantee future results. Investing involves risk, including loss of principal.
* You cannot invest directly in an index.
* Stock investing involves risk including loss of principal.
* The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee it is accurate or complete.
* There is no guarantee a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.
* Asset allocation does not ensure a profit or protect against a loss.
* Consult your financial professional before making any investment decision.
*To unsubscribe from the Impel Wealth Management please reply to this e-mail with "Unsubscribe" in the subject line, or write us at 2006 4th Street, Cuyahoga Falls, OH 44221.
Sources:
Securities and advisory services offered through Cetera Advisors LLC, member FINRA/SIPC, a broker/dealer and a Registered Investment Adviser. Cetera is under separate ownership from any other named entity. Confidential: This email and any files transmitted with it are confidential and are intended solely for the use of the individual or entity to whom this email is addressed. If you are not one of the named recipient(s) or otherwise have reason to believe that you have received this message in error, please notify the sender and delete this message immediately from your computer. Any other use, retention, dissemination, forward, printing, or copying of this message is strictly prohibited.
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Is there something we can help you with? Please call me at 330.800.0182 or email me directly at [email protected].
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Impel Wealth Management
2006 4th Street, Cuyahoga Falls, OH 44221
P: 330.800.0182 TF: 844.422.5550 F: 234.312.0460
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