In light of the past week activity in the market, we wanted to share a short update. Amazingly 6 trading days ago the U.S. Markets were trading at all-time highs. With today’s selloff, the S&P 500 is now down approximately 5% from those all-time highs. Many of the salient points today were covered in our latest monthly market update, which can be found here. The largest issue seems to be stemming from the relative strength of the U.S. economy, which is causing the Fed to raise rates and driving strength in the U.S. dollar. The result has been significant outperformance of the U.S. equity markets relative to the rest of the world.
Our position is to focus on the long-term, global diversification and taking an appropriate level of risk. As you look at your accounts, you will see the equity portion lower. However, as the selloff in equities intensified, we saw bonds go up in price. So, the conservative portion of your allocation, fixed income, was essentially flat today and dampened the volatility of the equity sell-off. The sell-off has been sharp and quick, but certainly not out of historical expectations. We will continue to monitor markets and adjust as necessary. Please feel free to contact your advisor with additional questions.
Kevin M. Churchill, CFA, CFP®
Chief Investment Officer
Hello, this is Jeff Junior, President, and CEO of Trajan Wealth. I’ve spent nearly two decades in financial services helping people manage their wealth, prepare for retirement, and manage the ever-changing financial landscape. But before I was serving my clients in the financial sector, I was serving my country as a Marine. Memorial Day is an important day for reflection as I honor my fellow servicemen and women who have served before, with and after me. This day is an opportunity for us to be grateful, and honor those who have made the ultimate sacrifice for us, our families and our country.
I learned a lot while in the Marines and have found three lessons in particular that now transfer to my role as a financial advisor.
2017 was a challenging year for the credit industry. From thedata breach at Equifaxand multiple lawsuits that follow, it has been a tumultuous time for consumers to have faith in the world of credit. Unfortunately, it’s becoming apparent that for Americans overall, it’s not going to get any better in 2018 as the trend of acquiring more debt increases.
Aside from having to shell out money for damages caused in 2017, the credit industry will have a very lucrative 2018 even after paying fines and settlements thanks in part to the American consumer.
According to MarketWatch, U.S. households owe more than $1 trillion in credit-card debt, and the numbers are only rising. Your typical culprits of irresponsible spending that contribute to increasing credit card debt among Americans includes more access by those considered ‘subprime borrowers,’ increased costs for food and housing and continuous spending on unnecessary items. As the average household holds a balance of $15,983 on credit. The cost of maintaining a lifestyle beyond their means can cost a lot more than anticipated with interest rates on the rise.
With the significant 2017 cybersecurity leaks involving the personal information of millions of Americans, this year’s tax season is expected to be one of the worst ever for tax scams. Aside from cybersecurity leaks, scammers also target HR departments via emails requesting employee information while posing as the IRS, which has corporations on edge to maintain the security of employee information.
This year’s tax season officially opens January 29th, 2018 and runs through April 17, 2018 and scammers are ready and waiting to file tax returns in the names of other people. Hundreds of thousands of people will file their taxes this year expecting a return, only to find out the return was sent somewhere else. What can you do to protect yourself?
For some people retirement is all about the numbers; the age you plan to retire, how much money you need, and so forth. But is retirement really about numbers?
Numbers give us a baseline to help you financially plan for today and the future. Your numbers can change throughout your life. Maybe you’re already retired or are within ten to twenty years of retiring, but one thing is clear; whether you love them or hate them, numbers play a role in all aspects of your financial life:
Every year in January, people make resolutions to maintain better health habits. Logically, we all know a healthy life style can help us live longer and improve quality of life but has it occurred to you that better health can even improve your retirement portfolio? Not only will you be healthier to enjoy activities but you’ll end up saving a tremendous amount on health care. According to this articlefrom Fidelity Investments, retiree healthcare costs are continuing to rise. The estimate for retiree health care spending rises to an average of $275,000 per couple, excluding long-term care expenses. That’s an increase of $15,000 from 2016. Considering how expensive health care currently is, investing in your health now can pay huge dividends in the future. Here is a more detailed break down.
Empower yourself with knowledge and avoid life-changing mistakes – Be confident in your financial decisions in 2018! Join local radio host, TV personality and Dave Ramsey advisor, Jeff Junior for a complimentary meal and educational seminar at Flemings Steakhouse and learn:
What does it mean to be a Dave Ramsey Smartvestor advisor and how does that benefit you?
What is a “trusted fiduciary” and why is he or she bound and focused, solely on your best interest.
Why a first or even second financial opinion is critical to surviving 20-40 years of retirement.
How to be confident you’re making the best choices with your life altering decisions
What makes Trajan Wealth different and better than others. – and much more!
Seating is limited and the event will fill quickly. Please call 480-990-3300 for more information and to reserve your seat.
Volatile market swings create emotional minefields for many. Investors aren’t sure what to do to safeguard their money and often the people they assume can be trusted don’t have the customer’s best interest in mind.
In the financial arena, most professionals carry one of two designations: broker or registered investment adviser. Both deal with financial and investment products and it’s a safe bet that most people assume they do essentially the same job.
There is, however, a significant difference. Registered investment advisers are held to a fiduciary standard while brokers must comply with a suitability standard.
The suitability standard gives advisers the most wiggle room: It simply requires that investments must fit clients’ investing objectives, time horizon and experience.
There are two ways a financial advisor is compensated. ”fee-only” or “fee-based. The names sound very similar, but the differences can be like night and day.
Many investments are riddled with hidden fees. As an example, do you know what a 12b-1 fee is? A 12b-1 is an additional fee mutual funds charge for advertising, or paid out as kick-backs to help acquire new clients. What’s worse, is it’s not transparent!
Welcome to Trajan Wealth.
We use no-load investments that do not charge upfront or back end sales charges and we will never use investments with 12b-1 fees. As Fee-Only, we have a fiduciary duty to put your best interest first meaning low- cost and low-fee saving programs. As a fiduciary, We are paid a flat advisory fee and have incentive to grow your portfolio. The more you make, the more we make. We are dedicated to developing unique investment strategies and helping you navigate your present and future financial life, paving a clear path for you and your financial goals.
Serving in the United States Armed Forces is a career choice that often requires years of sacrifice, dangerous assignments with sometimes not a lot left over when it comes time to retire.
As Desert Storm veteran of the United States Marine Corps, I have experienced many benefits associated with the military. However, I have also witnessed many mistakes veterans (and civilians) make with their pensions and retirement plans.