Summer fun, and heat are here!
As a reminder – as of December 2018, your Access Online requires a two-factor authentication for all client access. If you have questions or need assistance updating your information, please contact Access Online support at 877-488-3748.
Last month, several of us went to the TradePMR annual conference. This event is where we’re able to learn about new technologies available, or will be available, in the next few months. We were excited to see these new options and look forward to taking advantage of them in order to serve you better and operate more effectively. Any suggestions you have on how we are doing or how we can serve you better......please don't hesitate to let us know.
As we have been mentioning time and time again in our newsletters, we have been expecting volatility this year and last month was one of the most volatile months of the year. More details are available in Chris Harrington's attached commentary. Remember, we are here to answer any questions and help make sense of the news stories that continually move the markets up and down.
Of the 469 recessions in 194 countries since 1988, only four were predicted by economists at the International Monetary Fund. Private-sector economists are not much better. One study found that of 153 downturns in 63 countries between 1992 and 2014, just five had been anticipated by the preceding April. -Bloomberg, March 28, 2019
Amazon is buying dozens of machines that could eliminate the difficult and physically taxing job of packing boxes in its fulfillment centers. The CartonWrap packs 600 to 700 boxes per hour, which is about four to five times the rate a human can. -Reuters, May 13, 2019
Amazon was responsible for about 44% of all U.S. e-commerce sales last year, or about 4% of the country’s total retail sales- which is a smaller share than Walmart. -Wall Street Journal, May 11, 2019
Startling statistics - A study by Fidelity found that having a written retirement plan is not a priority for many Americans. The study found that 75% of Boomers, 87% of Millennials, and 81% of Gen Xers do not have a written plan in place. The top three reasons stated for failing to create a plan is "I've never thought of having to prepare a plan," "I don't know where to begin" and "I feel like I'm too far behind for it to make a difference." We think these are all horrible reasons and make it a point to assist all of our clients in preparing a written financial plan by using our Envision software. If you have been procrastinating and do not have an Envision plan for your family yet, please contact your advisor to get started. Remember, there are only two doors you can walk through in life. One where your money outlives you. This usually happens with proper planning. The other is when you live longer than your money. There is no third option.
Quarterly Market Update - Thursday, July 11th, 2019, 11:30 and 5:30
Chris Harrington, WaterFront's Chief Investment Officer, will be providing our 2nd Quarter Market Update.
With this being the 1/2 way point for 2019, it will be important to hear what we have been seeing in the markets. More importantly, where
we see the markets heading for the 2nd 1/2 of the year and beyond.
Please RSVP to Leslie Allison, email@example.com, and bring a friend!
Envision Training Workshop - Wednesday, October 23rd, 2019, 11:45-1:00 and 5:30-6:45pm
Join us to learn more about the power of your family financial plan with Envision.
This event is open to anyone interested in financial planning, so feel free to invite others.
RSVP Required to Leslie Allison, firstname.lastname@example.org
Your WaterFront Team