Market Reflections – Coronavirus Edition

The Coronavirus has been creating significant disruption to markets, daily routines, and personal safety – but not to your long-term financial plan.

By Jay Pluimer, AIF® CIMA®
Wednesday, 11 March 2020

Market Reflections – Coronavirus Edition

The Dow Jones Industrial Average Index (DJIA) became the first major US Stock Market to reach “Bear Market” levels today (3/11/2020) by dropping over 20% from its all-time high set in mid-February. Stock markets around the world have been reacting violently to concerns related to the spread of Coronavirus along with uncertainty about the impact on the economy, unknown timing about when the crisis will end, and the serious health risk.

Our primary concern during a crisis is for the physical, emotional, and financial safety of our clients. An important part of our wealth management relationship is to be available to hear client concerns about market events like we are experiencing right now, provide a historical perspective to put the significant daily market moves into the appropriate context, while also proactively communicating what Flourish Wealth Management is doing on your behalf.

It is critical to understand that market corrections (down 10%), Bear Markets (down 20%), and economic recessions (at least two consecutive quarters of negative growth) are included in our investment and financial planning assumptions. Many of our clients have seen Monte Carlo demonstrations about how their financial plan will fare in a wide variety of circumstances, covering over 1,000 tests based on historical data, including bear markets. With a successful financial plan, the current scenario is included (although it’s a lot less painful watching the squiggly lines on a presentation screen than personally experiencing the emotional ups and downs). In addition, for clients who rely on cash flows from their portfolio to support their lifestyle, please remember that your next several years of cash needs are covered regardless of what’s happening in the Stock Market.

Understanding the SECURE Act and How it Could Affect Your Retirement

Learn More About the Sweeping Legislation Designed to Fight America’s Retirement Savings Crisis

By Kathy Longo, CFP®, CAP®, CDFA
Monday, 20 January 2020

In May 2019, the U.S. House of Representatives passed the Setting Every Community Up for Retirement Enhancement Act, commonly called the SECURE Act. Designed to help tackle our country’s growing retirement savings crisis, the far-reaching legislation spent months tied up in the Senate. On December 19, 2019, it passed the Senate with a 71 to 23 majority.

Let’s take a look at a few standout provisions of the legislation and discuss what they could mean for you.

Market Commentary: Fourth Quarter 2019

By Jay Pluimer, AIF® CIMA®

Wednesday, 15 January 2020

Investors of all varieties received a generous Holiday gift from the markets in 2019 as almost all markets generated positive returns. US Stocks led the pack once again as the S&P 500 Index earned 31.5%. It was an interesting year where Bonds also performed well, which isn’t always the case. Key drivers of performance in 2019 included support from the Federal Reserve which reversed course by cutting interest rates to support growth in the US along with moderate earnings growth and easing Trade War tensions. The Trade War between the US and China is on a path to resolution, calming a significant theme of uncertainty. International Stocks also performed well, up 21.5%, with optimism that a calmer foreign trade environment should be helpful for foreign companies plus what appears to be a Brexit resolution. Finally, the positive economic and investment landscape led to the first US decade without a recession as we turn the clock forward into the 2020s.

Market Commentary: Third Quarter 2019

By Jay Pluimer, AIF® CIMA®

Tuesday, 15 October 2019

A variety of economic and political themes led to mixed stock market returns in the third quarter while bonds fared well. The most significant global issue continues to be the Trade War between the US and China which is estimated to detract over $700 Billion from the global economy in 2019. A direct result of the Trade War, combined with a still-evolving Brexit, has led to significantly slower growth in Europe including a large volume of negative interest rate bonds (meaning the investor is actually paying extra for the opportunity to buy a bond instead of receiving interest payments).

A Conversation With Jared Kizer and Kevin Grogan of The BAM Alliance

By Kathy Longo, CFP®, CAP®, CDFA

Tuesday, 19 January 2016

A Conversation With Jared Kizer and Kevin Grogan of The BAM Alliance

January is a good time to reflect on your financial goals and the investment plan you have designed to meet those goals.  The past few weeks have been rocky for the equity markets, to say the least, and we want to proactively share helpful market insights to balance some of the noise in the traditional media outlets. From recent equity performance to risks facing investors in the current market environment, Chief Investment Officer, Jared Kizer, and Director of Investment Strategy, Kevin Grogan, share market insights on a range of topics and answer questions about our overall investment strategy in this webcast. 

Due to COVID-19, we have begun taking client meetings via Zoom. Please see our instructions below on how to use Zoom and what you can do to protect your privacy while using this technology.

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