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MARKET COMMENTARY – MAY 2020

The Pandemic Roller Coaster of 2020 2020 has been a year of volatile extremes in the investment world. Following exceptional returns for virtually all types of investments in 2019, the S&P 500 stock index registered an all-time high on February 19. Less than a month later by March 23 the index had dropped 34% –  the sharpest drop on record. Then, after unprecedented measures were announced by the Federal Reserve and Federal government, the S&P 500 shot up 30% over…

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What to Do During a Bear Market

We know you may be concerned about recent declines in the stock market. Markets go up, but they also go down. Fortunately, they go up more often than they go down. There are things in our lives that we can control and that makes sense to focus on, especially during turbulent times. Here are some personal financial items to review that can have a positive impact on your financial future. Review your expenses. As markets go down people start to…

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The SECURE Act: Some Important Changes to Know

You may have recently read that the SECURE Act was signed into law on December 20, 2019. So, what does that mean for you? It could have more of an impact than its name alludes to since it’s 29 original provisions address many topics from inherited IRA distributions to the age for required minimum distributions. Here are some key points to take into consideration. 1. Required Minimum Distribution Age Changed to 72 The first major impact of the Setting Every…

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MARKET COMMENTARY – MARCH 2020

Market sentiment changed abruptly in February. After achieving a new all-time high on February 12, the Dow Jones Industrial Average declined just over 14% through February 28. The last week of February saw one of the largest weekly drops of the last 100 years. Given our defensive positioning most Journey Tree Accounts were down just 3-4% over that period. After rising 35% from December 24, 2018 to the peak on February 12, “[. . .] the Dow at nearly 30,000…

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Our Newest Certified Financial Planner™

We are pleased to announce that Michelle is officially a CERTIFIED FINANCIAL PLANNER™ professional!  She successfully passed the CFP® Board exam in November. What is a CFP®? A CERTIFIED FINANCIAL PLANNER™ is an advisor who has met rigorous education and experience requirements, and is held to a high ethical and professional standard in the financial industry. The education component is met by completing college level courses in investment planning, tax planning, retirement planning, estate planning, insurance planning, financial management, and…

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Market Commentary – December 2019

Caution Ahead “The question you should be asking yourself is, ‘Is it a good time to take more risk or less risk?’”                                                                                                      -Howard Marks, Oaktree Capital This question is constantly…

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Annual Financial Check-Up: 6 Housekeeping Items to Check Off Your List

Just like getting the oil changed in your car on a regular basis, it’s a good idea to check on your financial house to be sure everything is in order. Here are a few items to review every year to be sure they are working in your favor: Personal spending plan – if you are not following a spending plan yet, create one and follow it. Cash flow is the cornerstone of achieving financial goals such as retirement and funding…

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Journey Tree Plants Trees!

In April the Journey Tree team got their hands dirty planting trees with Friends of Trees on 18th and Oak. They helped plant 10 trees in the area as part of the Trees for Concrete program. The Trees for Concrete program consists of removing big chunks of unnecessary sidewalk, bringing in new soil, and planting trees appropriate for the site. Benefits of trees in the city: Reduce noise Filter the air and water Decrease stress and improve mood Add beauty…

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Market Commentary – June 2019

As of June 26th, all the major indices were up for the year-to-date (YTD), but while Q1 was overwhelmingly positive for all the asset classes, volatility and uncertainty have returned in May and thus far in June. In fact, the only consistent upward trajectory, in terms of price, has been experienced by the two bond indices, U.S. and Global. The stock market had a strong reaction in May to: Brexit – Theresa May indicated at the end of May that…

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Market Commentary – March 2019

What a rollercoaster ride! After dropping nearly 20% from early October to Christmas Eve, the S&P 500 stock market average has dramatically rebounded in the roughly two months since. That leaves the US stock market within about 5% of its all-time high achieved last year and close to its level of a year ago. While the market is not exactly a bargain at this level there are sectors that have become more attractive and better values found in some overseas…

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