Weekend Reading

Weekend Reading: Yesterday's Market

Given the treacherous ride that the US stock market endured recently, I considered writing a mid-week email. However, since yesterday was already Thursday, I figured that I would just wait for the weekend reading since the message is somewhat anticlimactic.

“Nothing to see here…” is our stance.

Weekend Reading: MS Bike - This is the Big One!

Folks, everyone knows that community support is one of the cornerstones of our corporate culture. However, this year, MOR Wealth Management will be making a larger effort to raise money than it has ever attempted before.

We are extremely proud of the massive profits that we helped our clients to make in 2017. We hope that each and every person within our family of clientele will give back by participating in and/or supporting the creation of the…

Weekend Reading: Tariffs = Earlier Recession

The effects, advantages, and disadvantages of tariffs in the global economy are relatively simple to understand once you filter out all of the fake news. Thus, I thought we would look at President Trump’s new proposed steel tariff in detail this weekend.

Weekend Reading: Tax Docs Update

Try to stay awake for this weekend’s tax reading; it’s boring but important.

First, we wanted to remind everyone that we are fully compatible with Turbo Tax® and H&R Block® tax preparation software. Yes, I know - we remind everyone every year, but since we have a few new families that we’ve brought into our MORWM-isphere since last April, we wanted to get everyone re-acclimated. Attached are detailed instructions on how to use Turbo Tax and H&R Block tax preparation software with Investor360 (our client portal).

Weekend Reading: Are We Buying Into the Dip?

To reiterate our former message, we had previously predicted an imminent correction and, although more rapid than we had anticipated, our numbers seem to be pretty accurate so far - we predicted a correction of between 10-13% on January 17th (which, by the way, was my birthday. Imagine the buzzkill this perdition brought to bear). As of the close on Thursday, the correction in the Dow was just over 10%. Thus, for selected clients, we started buying into the dip on Friday and will likely continue to do so, depending on how long the dip lasts.

Dow plunges 1175 pts! MORWM update…

The following message is likely not necessary. However, just to remind our beloved clients that we are standing at attention: this setback is an opportunity, not a problem. Depending on our technical analysis, we will do our very best to buy into this dip. The difficulty herein is that this fall was very rapid, which means that the recovery could be just as rapid. If this is the case, our indicators may not react quickly enough, and we may not be able to pounce in time. The last thing we would do is buy into a dip haphazardly and without due diligence.

Weekend Reading: New Tax Law - 529 Plans

This weekend, I thought that we’d celebrate one good thing included in the new tax legislation passed late last year. There are a few positive attributes to this new legislation that benefit a large swath of Americans, no matter their income level. While many of us have been distracted by numerous questionable changes, there have been some positive developments on the education front. 

Weekend Reading: A Sense Of Purpose

For some time now, we have shared an annual letter written by Larry Fink, the CEO of Blackrock, to other CEO’s.  Our interest in Larry’s annual message stems from his unique advocacy for social and environmental justice; unique in the sense that it is not common among large financial institutions. And even when a publicly traded institution has a deep commitment to Environmental, Social and Governance (ESG) issues, unless they are certified B-Corp (Benefit Corporation), more often than not, their ESG agendas conflict with their fiduciary responsibly to shareholders.  Simply put, the traditional corporate structure legally mandates that all decisions be made in the best interest of shareholder profitability without regard to social or environmental consideration. It is this internal conflict which has inspired Larry Fink to address other CEO’s, and use his fame to advocate for a change in the way corporations think.

Weekend Reading: January Market Risk Update

Time for our monthly market risk update. A few notes before we begin: first, although we have been talking about a recession in our future, I want to stress again that we do not anticipate a recession in the near term. However, insomuch as near-term forecasting is just about as accurate as astrology, we have taken some profits, but remain materially invested in the equity markets.

Weekend Reading: Cash and Cars

Two notes:  One is very important, and the other is too.

Why is there extra cash in my portfolio?

In the last week of 2017, some of you may have noticed several sales in your portfolio that resulted in a cash balance that is higher than normal. For the most part, these sales were part of our tax harvesting objective, which we perform each and every year during the month of December. This is an opportunity to lower your capital gains tax liability, and therefore increase the net returns of your investment portfolio.

Why can this weekend’s weather damage my car’s engine?

We pilots have to deal with oil viscosity concerns during every flight because of dramatic differences in ambient temperature on the ground versus subzero temperatures at altitude in flight. This weekend, automobile drivers on the East Coast need to take caution as well!