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If the recent shelter-in-place restrictions were not enough to take you off balance, the March recession and changes to your ongoing employment likely tipped the scale for you. Amid so many uncertainties, where should you turn and how do you go about choosing an advisor to partner with for the future? Whatever is driving your search for an advisor, there are some important aspects which should be considered before making your decision. Because this is not a decision most people make more than a few times in their lives, consider the following to help you narrow down your search for the right person. Choosing the Right Advisor – A Clearview Case Study example of advisor characteristics you should consider NAPFA Advisor Comparison Tool – A tool provided by the National Association of Personal Financial Advisors to help you compare advisors. If you’re interested in talking with a Clearview Advisor about your situation, click here and we will reach out to see if we might be a good fit as your financial partner.
Because our local government has issued shelter-in-place restrictions beginning March 26, 2020, Clearview Wealth Management will be working remotely for the foreseeable future. We will continue to be available by phone or video conference to discuss your situation, continue your planning and assist you with money movement in your portfolios. You should continue to call our office number at (704) 837-4317 to reach us directly since our phones automatically roll to our cell phones. Because our applications reside in the cloud, we are fully operational whether we are remote or in the office. We continue to be fully available via e-mail and will be checking U.S. postal mail regularly. You are always able to contact your custodian directly to assist with any transactions within your account, if for some reason we are unavailable to assist you immediately. Charles Schwab 800-515-2157 Fidelity Investments 800-343-3548 National Advisors Trust 877-527-3476 Access to your personal website and the secure vault will continue to be the best way to transfer forms for signature, as well as provide a place to upload completed tax returns. Here Read on! →
Almost two years ago to the month, I penned a commentary on my grandmother’s quilting after what had been at the time, a seemingly volatile period in the markets that resulted in almost a 10% drop in the S&P 500 index. The date was February 1, 2016. Fast forward to 2018 and we are again experiencing very volatile markets with some indexes seeing corrective (10%) or bear market (20%) declines from earlier peaks. Before revisiting that archived missive, here are some past and present figures to consider. 2018 Recap In 2018, the only asset class with positive returns was Cash. All other categories were negative for the year, with the exception of fixed income, which was flat. For more details, see 12/31/18 Quilt Chart below. December was one of the worst months on record and 2018 one of the worst years in a decade. Federal Reserve (FED) raised rates 4 times and lowered expectations for real gross domestic product (GDP) growth and inflation. FED has lowered 2019 rate hike expectations from 3 in September to 2 at the December meeting. Read on! →
A recap of the week ended October 26th. One of my favorite songs growing up was Elton John’s Crocodile Rock (Side A). Released in 1973 on a 45 rpm, it was paired with Elderberry Wine (Side B). Crocodile Rock went to #1 while Elderberry Wine was panned by most critics, forever banished to the Side B junkyard. Last week, every big story peaked like a #1 hit record capturing the attention of media and public alike. Meanwhile, over on Side B, those in the investment community who subscribe to a diversified approach to investing, probably finished the week scratched, unbroken and ready for another spin around the turntable. The A-side During the course of any given week, I try to focus on what seems most important as it relates to the work I, and everyone at Clearview Wealth Management, do for clients. This typically means tuning in to a few key economic data points, some global geopolitical news and, as a little diversion, a few sports’ stories. My view being, short term market and news cycles will always be with Read on! →
If you were in charge… If you oversaw your own country, what trade policy would you pursue? Would you be friendly and cooperative or unfriendly and betraying? Maximizing your country’s payoff may be more difficult than imagined. Game theory can be used to measure success and failure. It can also validate just how hard it can be to strike the right balance and allow both trade partners to win. The prisoner’s dilemma… The current trade and tariff dialogue between the U.S. and China is essentially a repeated prisoner’s dilemma – a workhorse model of game theory that captures the tradeoff between mutually beneficial cooperation and individually beneficial betrayal. If played once, there is only one outcome where neither side can do better with a different strategy: both sides betray one another. While unfriendly, the mutual betrayal results in equilibrium or balance. The shortfall of playing one time as if there is no tomorrow, is that trading partners have an infinite number of days in which to trade goods. If prisoner’s dilemma is played multiple times, even infinitely, game Read on! →