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11Apr
Are You Ready for Disturbing Survey Results About Single Women and Financial Advisors?
Investing
Part Two of a Three-Part Series

If you have not read my previous blog, “An Overdue Apology to Women”, you might find it helpful because it is applicable to this blog as well.

The first piece focused on how women clients are often discounted in the relationship with the financial advisor.  It resulted in my apologizing on behalf of the industry to anyone who has experienced this type of discriminatory treatment.

While this blog continues on the same theme, the focus is now on the single woman as opposed to a member of a couple.

This includes the population of women who simply choose to remain single as well as those who may be divorced.

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07Apr
An Overdue Apology to Women
Blogs / Articles
Part One of a Three-Part Series

While the topic of this blog focuses on women, I am writing it to be read by both genders.

Why?

Because, as we all know, the woman in a marriage typically outlives her husband.  It is also true that, in general, a single woman has an extended longevity compared to a single man.
(Source: Vanguard, “Plan for a Long Retirement

Statistics reveal that 70% of the time a widow chooses a new financial advisor within weeks of her husband’s passing.  (Source: CNBC, “For Some Widows, Breaking up with an Advisor is Easy to Do”, Ilana Polyak, 10/11/14).

Why does this happen?  Among others, here are some of the reasons given:

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30Mar
4 Key Ingredients for Successful Style Investing
Blogs / Articles

Click Here for interesting, timely articles from Oppenheimer Funds including:

  • Sector Valuations
  • Pres. Trump’s Pro-Growth Policies
  • Earnings
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28Mar
What Keeps You Up at Night?
Blogs / Articles
There can be many answers to the question ranging from “my health, my kids, my grandkids, our currently divided country, how to afford the cost of education, the rising cost of health care”, to name only a few.  I want to share an interview with Richard Orlando.

Orlando is CEO of Legacy Capitals, and Ned Dane of the Oppenheimer Family of Funds asks the questions.

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21Mar
The Smart Use of Robo-Advisors
Investing

Robo-advisors create the opportunity for automated investment services.  While many investors incorrectly assume that “all robo advisors are created equal,” on April 15, 2016 in the Investor Junkie, Larry Ludwig shows that is not the case.

You have a choice between:

  • Minimum Deposit – Some firms you can start out with nothing and others require sizable amounts to start with
  • Annual Fees – Be aware of hidden costs and ETF fees
  • Asset Allocation – Asset allocation can vary quite a bit based upon your age, and the way you answer their risk assessment questions.
  • Account Type Support – No firm can manage a 401(k) directly, but some do offer guidance in investment selection.
  • Automation – Some services are 100% automated vs human assisted advice.
  • Tax Optimization – Services like Tax-Loss Harvesting.
  • Custody of Funds – Managed by you in which they give trading advice, or directly by the firm.
  • Management of Assets – Manage all your assets or just a portion.
  • End-Goal – Retirement only, or other goals (i.e. college education).

The author goes on to point out that the fees listed due not always include the fees from the recommended exchange-traded funds (ETF’s).

While Resonate is committed to staying current and competitive through technology, we also suggest that the smart use of Robo-Advisers is to “allow them to do what they do best” while acknowledging what they cannot replace.

We find that great technology combined with the opportunity for personal connection creates best results. For example, what happens when any of the following life events occur?

  • “Mom has just been diagnosed with Alzheimer’s… what do we do now?”
  • “I have an offer for early retirement complete with a severance package and need help understanding it.”
  • “My husband was just seriously injured in a car accident. How will we able to afford to keep the house?”
  • “We are trying to decide whether to lease or buy our next car. Can you help?”
  • “Dad just passed unexpectedly from a heart attack.  We have no idea what to do next.”

This is where compassionate understanding combined with professional competence and the human connection is truly irreplaceable.

We welcome the opportunity to share a cup of coffee and conversation with you.

 

Barbara A. Culver
CFP®, ChFC®, CLU, AEP®
Resonate, Inc.
(513) 605-2500

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07Mar
China in the News
Economy

Have You Noticed How Much China Is in the News Lately?

If we turn the calendar back to January and February 2016, the U.S. stock market saw one of its worst annual starts in history.  China, with the currency and stock market that was quickly moving downward, caused much of the setback in the United States markets.  This is because China’s enormity and its global economic importance have moved this country ahead of the United States in its influence over world markets.

This premise was confirmed when, later in the year, the U.S. market righted itself at the same time that the Chinese markets rebounded.

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03Mar
Which One of Three Retirement Income Strategies is Right for You?
Investing
(The source for much of the material in this short blog is taken from the November 1, 2016 “Journal of Investment Consulting”. The article is entitled, “An Overview of Retirement Income Strategies”, written by Michael Finke, PhD, CFP © and David Blanchette, CFA ©, CFP ©.)

Gains in medical science or environmental improvements can result in added longevity for all retirees.  This means that all retirees could face a retirement time horizon that ranges anywhere from about 10 to about 40 years.

This essentially leaves the retiree with three primary choices about how to create retirement income:

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21Feb
Some Interesting Insights Thus Far for 2017
Blogs / Articles

As our nation and the world continue to watch the actions and react to the rhetoric of the new Administration in Washington, we have already witnessed some incredible activity.

From the resignation of National Security Advisor Michael Flynn to Kim Jong Un’s missile launch, we are witnessing daily tests – both domestic and global.

How is this influencing the markets?

  • Emerging market (EM) assets outperformed, U.S. Treasury yields fell sharply during the last week of January, and U.S. value stocks underperformed a flat market.
  • Political uncertainty sent French and Italian government bond yields to multi-year highs relative to their German peers.  Half of the European firms that have reported earnings have beaten estimates.
  • Oil fell to a near three-week low under the pressure of growing U.S. crude inventories, but pared some losses. China’s PMI data showed expansion in both services and manufacturing sectors.

And what might be coming?

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15Feb
How the World Shops Is Changing
Economy

Recently, Capital Ideas shared the following information which I think you will find interesting:

By 2025, 4.2 billion people out of a global population of 7.9 billion will be part of the consuming class.

For the first time in history, the number of people with discretionary income will exceed the number of people still struggling to meet basic needs.

Here are some of the changes in consumer spending which is led by millennials:

  • Chinese millennials are “all about the experience”.  This includes going to the movies and increasing their travel abroad.  They spend considerably on-line for lifestyle items.
  • Another country positioned to benefit from the increased spending is India.  In the next 10 years, about 150 million new people will enter India’s workforce.  Highways, airports, and other infrastructure is expected to increase along with consumer spending.
  • The 80 million American millennials spend at least $600 billion a year.  They are adding to the success of businesses like Uber and HomeAway.

Consumer spending drives 70% of the U.S. gross domestic product (GDP).

We will watch for new investment possibilities based on this information.

We welcome the opportunity to share a cup of coffee and conversation with you.

Barbara A. Culver
CFP®, ChFC®, CLU, AEP®
Resonate, Inc.
(513) 605-2500

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07Feb
Are You Positive or Negative on the U.S. Economy for 2017?
Economy

Interestingly, a case can be made either way.

Because I prefer to end my blogs on a positive note, let’s first look at what might detract from or slow economic growth in 2017.

1.   The strengthening US dollar.  Since the November 2016 election, the dollar is up 4%.  It is predicted to increase by another 5% this year.  (Source: Kiplinger Letter 1-13-17)
Anyone want to go to Europe?

2.   Gradually rising interest rates.  This could impact sensitive sectors such as housing and auto sales.

3.   The uncertainty of trade wars.  If the president makes good on campaign promises, countries could retaliate by buying less U.S. goods.  Punitive tariffs are also a possibility.

Now let’s consider the positives.

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