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Dear Clients and Friends,
We hope this newsletter finds you well as the first half of this eventful year passes.
The major news from us this quarter came from our Minneapolis Spring Summit where Katelyn, Jack and I got together in person to work on a number of big internal projects. We are excited to roll out the Knowledge Center through our client portals which shall more readily allow us to share some of the vast resources we have accumulated as well as further streamlining of our client scheduling process.
At the beginning of April, I was invited to a top advisors conference by BlackRock and learned about their Private Credit fund (BDEBT). I quickly made clients aware of and conducted a thorough due diligence process on before recommending. We spent the whole quarter continuing to further refine our investment rebalancing process to be faster (further helped by the change to T+1 as of May 27th), and more personalized and to incorporate BDEBT in client portfolios.
If you have any questions or concerns, please do not hesitate to reach out to us. We are here to guide you through whatever challenges lie ahead and help you achieve your financial goals.
Wishing you a wonderful, peaceful and prosperous third quarter of good health and tidings.
Yours sincerely,
Ashley Murphy, CFP® GFP Fellow
Founder / Financial Advisor
Areté Wealth Strategists, LLC.
We planned to come back to Brisbane over the girls’ summer holiday (Jun -Aug), so in mid-June we came back to Brisbane. We’re taking the time here to reconnect with family, friends, and Australian business contacts. The journey has been filled with warmth and familiarity as we rekindled relationships and reestablished connections in the region. Having lived here from 2021 to mid-2023 we’ve settled right back into our routines in Chelmer/Graceville area.
We have brief trips planned to Springbrook, QLD to see the rainforest in the mountains as well as Kakadu, a world heritage listed area in the Northern Territory.
We hope this newsletter finds you well as the first half of this eventful year passes. The second quarter began with the Investments and Wealth Institute Experience conference in Vegas where I presented on the topic of the HEART Act and the U.S Exit tax.
It was only a week later before I was out in the San Francisco Bay Area visiting clients for the first time since before the pandemic - which was wonderful and productive.
I brought my bike to get some training in the Berkeley hills, which would be sorely needed for the epic hills of the UCI Gran Fondo world championships qualifier in Aachen, Germany. What I had not fully considered was the extraordinary level of competition that some of the world’s strongest cycling nations (Belgium, Netherlands and of Germany) would provide. I gave it my all (and got a couple PBs) but didn’t qualify!
2024 Second Quarter Investment Report
The U.S. and (to a lesser extent) global equity markets continue to generate positive returns for investors, the bond market is settling down and the long-predicted recession keeps being moved back by the market pundits. It's almost easy to forget that bear markets ever happen, given the returns of last year and this year's first two quarter.
Please keep an eye out for the registration emails closer to the date
How Corporate Taxes Could Impact Markets This Election Season
As the presidential debate season kicks off, the current and former presidents’ divergent approaches to taxes will be on display. Naturally, this is a controversial topic fueled by strong political views on our nation’s priorities, government spending, entitlement programs, fairness around taxation, and much more.
Quiet Compounding (from Morgan Housel - author of ‘The Psychology of Money’)
Giant sequoias, advanced organisms, towering mountains – it builds the most jaw-dropping features of the universe. And it does so silently, where growth is almost never visible right now but staggering over long periods of time.It’s quiet compounding, and it’s a wonder to see.
The U.S. Congress imposed, as of last year, a 1% tax on stock buybacks—that is, on the amount of its own stock that a company purchases in the marketplace. The goal was to discourage companies from buying back their own stock.
If you’re ever curious about what professional economists with access to huge troves of economic data think about the U.S. economy, you can turn to the Beige Book. The Beige Book is published by the Federal Reserve every couple of months, and summarizes the state of the economy, overall and in each region.
The Art and Science of Determining how much of your wealth to hold in the U.S. vs Australia
Unlock Tax Efficiency - Moving Your IRA or 401(k) from the US to Australia
Financial Planning Considerations for Mixed Nationality Couples
Our Process - The Wealth Summit Pathway
If you’ve been pleased with the work we’ve done together and have a friend or someone you care about facing similar challenges, we want to extend for you to make an introduction. We guide all clients through our Wealth Summit Pathway process to get to understand their most deeply held values, goals and understand their relationship to money. If we’re not the right firm to help them, we will do our best to find them the right advisor.
Please let me know if we might be of assistance.
Have a wonderful rest of your day,
Ashley Murphy, CFP® GFP Fellow
Areté Wealth Strategists, LLC.
Access our comprehensive, unbiased financial guides here.
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