Weekend Reading

Weekend Reading: July Market Risk Update

It’s the time of the month for monthly risk update for which we turn to our good friend Brad McMillan.

Once per month, we share Brad’s thoughts on the markets.  This month, we are going to share slightly different research elements that pertain more so to the economy in general.  As we know, perception regarding the economy influences the market very much.  However, the economy and the investment markets are not directly correlated to each other. Human emotion is part of what drives the market, and public perception of the economy influences human emotion.  Therefore, they are highly correlated over long periods of time, but they are not perfectly correlated; and in the short run, sometimes they are not correlated at all.  This can be especially noticeable when news sources pick and choose which facts to share with their partisan audiences, and certain politicians attempt to window-dress reality.

Weekend Reading: June Market Risk Update

It’s that time of month when we explore the monthly market risk update with our good friend Brad McMillan.

To be honest, I’m getting frustrated with the total lack of visibility that is being caused by political turmoil.  We know that market behavior is linked to emotion. Regardless of whether I agree or disagree with President Trump’s agenda, a person of power who makes unilateral, impulsive, and often illogical proclamations without regard to consequence will likely cause more harm than good. People hate uncertainty, and the markets hate it even more. Nonetheless, it’s our job to focus on the metrics as much as possible while navigating the squalls in the meantime.

That being said, let’s get into it.

My Wallet Seems Thin

Dear Clients & Friends,

This week’s topic may appear to be geared towards the children of our clients, such as young professionals and those with young families of their own. However, this topic is just as applicable for those who are charitably minded, which describes nearly everyone in our family of clientele.

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.