Weekend Reading

Beyond Tariffs

Dear Clients & Friends,

The Tariff War has taken center stage as of late, so we thought we’d discuss why economists and financial professionals have become so concerned.  Before we begin, I want to remind everyone that our opinion on the matter is focused exclusively on the financial impact of these decisions and was formed without partisan preference.  Additionally, though the following description may cast a bad light on the current circumstances, it’s important to recognize that tariffs sometimes work. Tariffs are usually expected to sting a little in the short term while working to improve long-term conditions.  And we are at MORWM are certainly long-term thinkers.

Tech & Texting Update

Dear Clients and Friends,

Over the years, there have been many updates to the legal requirements regarding written communication between client and advisor, and texting is now governed by such laws.  Many of you have asked why we have often replied to text messages via email.  The reason is because traditional text messaging, unlike email, does not comply with the archiving requirements of written communication.


Weekend Welcome – Elizabeth Lumbangaol!!

Dear Clients & Friends,

It gives me great pleasure to introduce the newest member of our MORWM family to all of you: Elizabeth Lumbangaol!


Last week, we celebrated Arbor Day.  Well, perhaps we recognized that Arbor Day was upon us; we didn’t necessarily “celebrate” it.  However, it did give us a reason to reflect on the progress that we’ve made as a firm in regards to the extreme reduction in our paper usage over the years.  According to available data regarding how much paper an average “office environment” uses, an average employee prints 35 pieces of paper per day. Over the last year, MOR Wealth Management employees have been printing roughly two pieces of paper per day. Thus, our employees have been using only 6% of the amount of paper per employee, per day that an average office worker prints.  No, that is not a typo- less than six percent!  These low numbers also include the unbelievable amount of recycled scrap paper that we use when printing for internal office matters. We are very proud of these numbers, we brag about them regularly, and we feel fully justified in our bragging rights!

Weekend Reading: April Market Risk Update

It’s time for our monthly Market Risk update from our good friend Brad McMillan. Interestingly, while Brad and I look at slightly different technical characteristics regarding market health and risk, you’ll read below that most of his segments show a “yellow” light for the first time in a long time. This comes only days after we at MORWM began reducing risk in client portfolios.

Before we turn over the mic, a quick reminder to our readers that most clients currently have extra cash in their accounts.  As of this moment, we are in between the selling and the re-deploying of investments as per our risk reduction agenda that I spoke about last week.

With that said - Brad, take it away…

Weekend Reading: Dip Trade Out - Account Risk Changes

This weekend’s reading is important, so thank you for taking the time to read it.

When the market fell more than 10% last year, we bought into that dip for most clients by executing the age-tested “buy low, sell high” strategy. We finally exited that dip trade. Most clients earned an extra 8-15% on the position purchased in the dip trade.

Weekend Reading: What the heck is Blockchain

Many folks over the last few years have asked me about Bitcoin and blockchain technology. Some of the questions were focused on investment feasibility, but many more people were simply asking- what the heck is “blockchain”?.  I thought that it might be fun to offer some basic education regarding its form and use, because it’s not only used in digital currency. 

Weekend Reading: Are You In the Top 10%

Since I’m traveling, this will be a short Weekend Reading.  A conversation that I had with clients in my Vero office inspired me to share some data about wealth in America with you. Most of our readers might find this information to be surprising.

A household income of $118,200 puts a person in the top 10% of US income earners.  A household income of $166,200 puts a person in the top 5% of US income earners.1 I know that this is somewhat hard to believe; given the cost of healthcare, post-high school education, and many other disturbingly expensive necessities, most people who earn $120k don’t consider themselves to be highly affluent.

Weekend Reading: Business Overhead Exposure

I’m a safety guy.  You all know it.  I talk about it all the time. Risk management fulfills two purposes: it protects those who rely on us (and on our ability to earn income and it allows you and I (client and advisor) to sleep peacefully at night. Risks come in many different shapes and sizes – some are obvious, and some are not. Recently, while assisting a long loooong time friend and brilliant gastroenterologist with a unique type of insurance, it occurred to me that the topic of this article is one of those not-so-obvious risks that many small business owners, and partners of small businesses, need to be aware of.

Maybe this topic applies to you, or maybe it applies to your children/grandchildren.  But if you or someone you know is a business owner, read along.

Weekend Reading: February Market Risk Update

It’s time for our monthly Market Risk Update.  We are sharing our update a little later than usual this month because we kept finding more interesting topics to discuss over the last two weeks.

For those of you who follow Brad McMillan’s Risk Update, you may have noticed that many of his “green lights” have slowly turned yellow over the last few months, and in some cases, red. His opinion is concurrent with our concerns regarding a global economy whose growth rate is slowing for a number of reasons. If the S&P 500 is able to return another 5% (target 2880), we will be reducing risk from all client portfolios in rapid fashion. Below are a few reasons why…