Don’t Let a Good Crisis Go to Waste

The chance of a geo-political event happening outside of the United States is always a risk to our stock market here at home. Now, however, the table has turned and it appears we are experiencing a crisis from within, and the markets are beginning to react. Let’s separate ourselves for a moment, take a step back, and consider the current events in the eyes of an outsider. Here is what we see. 1. It doesn’t pay to jump into the middle of a crisis, particularly in the early phase of events. Be patient and wait to see if there’s a climax...

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Take a Great Vacation! – Here is what you can afford, and how to do it.

It seems safe to say, that most everyone loves a good vacation from time to time. It takes us away from our every-day routine, and places us somewhere else where we can ‘disconnect’ and explore another geography or lifestyle.  Then we return home, and reality hits us hard. Not only are we back to work and our daily routine, but we also are faced with paying the expense of these recent travels. We’ve all been told that experiences last longer than material items, and consequently this article is about how to make these dream vacations...

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How to Cast Your Vote

  We are all well aware of the upcoming November election where we have the opportunity to cast our vote for public officials and ballot measures. Though every vote counts, it’s sometimes hard to get that feeling that our voices were heard, even if your preferred candidate or measure came out on the winning end. When it comes to personal finances, however, there is another way to make your voice heard and that is by exercising your own “Investor Bill of Rights”. It gives us no pleasure to draw this comparison, but a financial...

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The U.K. Just Opened a Whole New Can of Uncertainty

Usually the events that move markets most are those that catch us all by surprise, and although the U.K. referendum vote yesterday was well publicized, very few thought there was a legitimate chance of the ‘Leave’ campaign winning (ourselves included). Yet we now live in a global marketplace and these events cannot be ignored even if one believes there will be a limited impact here at home. A country has never left the European trading block, which will now lead to a whole new round of speculation on when and how this transition...

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Dropping the Investment “F-Bomb” … FRUGAL

All of us were taught at an early age (some better than others), that dropping an “F-Bomb” was simply not appropriate. In the wealth management circles, however, an alternate way to define what an “F-Bomb” is may be using the word frugal.  Using the word frugal in every day conversation to describe someone’s spending habits is sometimes a polite way of saying they are cheap, and consequently few really care to live and be described as frugal. A wealth manager, on the other hand, should strive to be a client’s number one advocate...

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Stock Market Update: “The Glass Is Half Full”

Global stock markets have declined rapidly since the beginning of the year. Last fall we wrote that three outstanding issues stood in the way of the market to continue its’ upward path. They were: The slowing growth of the Chinese economy The continued decline in the price of oil The over-anxiousness of the market anticipating the Fed raising interest rates All of these issues still appear to be on investor’s minds, yet it wouldn’t be far-fetched to say that all could also be resolved (or at least downgraded) in the near...

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Stock Market Update: Don’t Step On The Scale

In our last market update dated August 24, 2015 we addressed the rapid downturn in stocks at that time. Our assessment was that in order for the market to gain a better footing, three uncertainties had to be removed as we’ve noted below. The Chinese economy needed to stabilize and show growth again. The price of oil needed to find a bottom that included overwhelmingly negative sentiment. The Federal Reserve needed to raise interest rates just one time. Removing these concerns should allow for the return of positive market dynamics,...

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Socially Responsible and Impact Investing

The investment world is sometimes hard to understand and often leads to decisions either made for the wrong reason, or not made at all. Sometimes even if you have a clearly outlined investment philosophy, it’s difficult to actually implement it in a manner that makes sense. This is particularly true when it comes to investing for the greater good.  Using industry terminology this is sometimes called, ‘Socially Responsible Investing’, ‘Impact Investing’, ‘Sustainable Investing’, or ‘Environmental, Social, and Governance (ESG)...

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Wealth Management Services You May Not Know Elmwood Provided…

We draft a formal financial plan for all clients and update it annually, but we also have a separate financial planning portal where you can check on your plan at any time to see exactly where you stand! In order to help you understand your investment holdings, we provide clients with a software whereby you can link and consolidate outside investment accounts into our financial planning software. This helps us provide comprehensive planning and investment guidance even on assets that we do not actively manage in house. We’ve adopted a new...

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Stock Market Update: What happened and how we are handling it

The fall in global stock markets the past few days has been sharp and painful. Usually with these dramatic drops comes a catalyst that set the decline into motion, and in this case it is no different. Here is a quick synopsis of what happened, the damage it caused, and how we are handling it with our client investments. THE CATALYST: China’s economy has been slowing for over a year now and their stock market has had some precipitous falls of late making headlines around the world. The recent catalyst, however, was when on August 11th the...

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