October 2022 Econ Update
360° Family Office Blog
by super
3M ago
We like to follow personal consumption, business investment, and home building, combined, which is called our “core” GDP. The problem is that although overall real GDP increased at a 2.6% annual rate in Q3, “core” GDP rose at a meager 0.1% pace. That’s a growth rate in core GDP that we usually see just before, during, or just after recessions. Not good news. The Economies growth in the third quarter was led by net exports. Don’t expect that to continue. The dollar has strengthened substantially versus other major currencies and so will limit future purchases by foreigners while making foreign ..read more
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Some Good Economic News!
360° Family Office Blog
by super
5M ago
Here is a quick rundown of the latest econ releases and across the board something positive could be noted.  The manufacturing sector continued to expand with ten of eighteen industries reporting growth. The best news was that the new orders index rose out of contraction territory, hitting 51.3 in August after two consecutive readings below 50. Given that inflation-adjusted consumer spending shows that the actual amount of goods being purchased has been falling since early 2021, the resiliency in new orders is a positive surprise.   The prices paid index declined to 52.5 in August f ..read more
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A Quick Note…
360° Family Office Blog
by super
5M ago
A quick note to update you on our broader strategy and tactics. When you hear economic news and have any questions – please send over a note, text or call me. Happy to address it or run down the answer. A critical thing you should know – we have a plan and are watching data and using a network of smart people to monitor daily happenings. The short description of the plan is be patient, invest in high yield type approaches and try to keep cash available for investing when there are plus 20% market retreats.   Here is what we know and are is the baseline for our thinking. There is no f ..read more
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Student Loan Debacle
360° Family Office Blog
by super
5M ago
The Dow Jones Industrial Average fell more than 1,000 points on Friday, caused apparently by Fed Chairman Jerome Powell’s attempt to use a brief speech to channel the ghost of Paul Volcker regarding how to manage inflation. Obviously, this was part of the market’s worries, but the stage was set when the Biden Administration announced a student loan forgiveness program last week. The only publicized the very superficial notions – and the superficial costs. The executive order would send an already very bad student loan system – a system designed more to create jobs for academics than to really ..read more
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Wealth Planning for Age 90, 100—and Beyond
360° Family Office Blog
by super
7M ago
Thanks to medical technology advances, we’re living longer and in better health than ever. Some experts—like Harvard University Professor of Genetics David Sinclair, author of Lifespan: Why We Age—And Why We Don’t Have To—even proffer that “there is no biological limit, no law that says we must die at a certain age.” That tremendously exciting prospect comes with a big challenge: planning financially for golden years that might extend to age 90, 100—or even longer. If you tack on an additional ten or 15 years to your life, you could face the very real and dangerous risk of running out of money ..read more
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Thinking About the Latest Inflation Update
360° Family Office Blog
by super
7M ago
Here are the headlines from the latest inflation report. The attachment from Brian Westbury covers the issue in greater detail. Here is what I would want to know if I was you… When you hear people say, “Ya, but gasoline prices have retreated and they are not included so inflation numbers are actually much better.” – they are BS’ing.  Producer prices excluding food and energy rose 0.4% in June and are up 8.2% in the past year. Energy prices rose 10.0% in June, while food prices increased 0.1%.  In the past year, prices for goods are up 17.9%, while prices for services have risen 7.7 ..read more
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Buy Low – Interesting Data spells out an opportunity for 2022 and beyond
360° Family Office Blog
by super
8M ago
With the S&P 500 flirting with bear market territory, headlines are proclaiming a recession is priced in. But at what probability? If we look to valuations on the S&P 500, even after a decline of 14% from its high. it seems to us far from a foregone conclusion that a recession is impending. The current forward price-to-earnings (P/E) ratio on the S&P 500 (17.9 times) sits above its 20-year historical median of 16 times. Assuming a recession began with the negative GDP growth in the first quarter and equities have eclipsed peak earnings for the cycle, one might expect a For context ..read more
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A Wealth Planning Process for Pursuing Success On Purpose
360° Family Office Blog
by super
8M ago
One of the best things you can do when managing wealth is to be extremely clear on what you’re looking to accomplish and what hurdles stand—or could stand—in your way. Why? Success—in investing, in business, in life—rarely happens by accident. When you’re clear-eyed about where you want to go and what could get in your way along the journey, you can both create a better map and build in better contingency plans.  The good news: There’s a process you can implement in your financial life that can better enable you to resolve your issues and arrive at your desired destination.  Six step ..read more
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Finding Advisors Who Are Truly Client-Centric
360° Family Office Blog
by super
10M ago
It’s extremely common for financial professionals these days to advertise how well they focus on their clients—and with good reason: After all, you’re probably more likely to consider working with people in just about any capacity who say that they will make the experience “all about you.”  The good news is that, in our experience, more financial advisors and wealth managers today are paying greater attention to their clients’ needs and concerns than they did a few decades ago. But although advisors have become better at understanding their clients on a deeper level, we see that advisors ..read more
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Do You Know Your High-Net-Worth Personality?
360° Family Office Blog
by super
10M ago
One of the best ways to make smart decisions about your wealth is to work with professionals who are able to connect with you and relate to you. You want to surround yourself with experts who know you well enough to really “get” what you want your money to accomplish and why.  In fact, we’ve found over the years that a personal connection between advisors and their clients is as important to financial success as traits such as advisors’ competence and resources.  To get advice that works, it’s incumbent on you to understand your own high-net-worth personality so you can select and wo ..read more
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