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In our ongoing effort to deliver massive value for our clients, I'm pleased to announce the promotion of Kellen Enright GFP (USA) CFP®, to Associate Financial Advisor. Over the past three and a half years, practically every client that has worked with Kellen has described him as proactive, service-oriented and helpful. It is these attributes as well as his qualifications as a Certified Financial Planner (CFP®), a Global Financial Planner (GFP), and soon an Enrolled Agent (EA) with the IRS that give me great confidence he's going to be a fantastic Associate Financial Advisor. Effective Jan 2022, Kellen will be working directly with about twenty clients while retaining his paraplanning and investment administration duties. With Kellen moving up, I want to make sure there's always somebody here to help. So, starting in January of next year, we'll be bringing on an Office Manager to further support our client needs. More details on the Office Manager TBA.
The String Continues
The string continues. The U.S. markets managed to eke out a sixth consecutive quarterly gain in the third quarter of the year, although most of the indices were down in the month of September. At the end of the quarter, stock investors were sitting on above-average gains and still, probably, feeling a bit uncertain about the future.
The Wilshire 5000 Total Market Index—the broadest measure of U.S. stocks—eked out a 0.14% positive return in the third quarter, and is currently sitting on 15.62% gains since January 1. The comparable Russell 3000 index is up 14.99% for the first nine months of the year.
What if We Don’t Raise the Debt Ceiling?
The news media, in its coverage of the Congressional debate over raising the debt ceiling, has alarmed its readers and viewers with terms like “government default” and “global financial crisis.”
The Evergrande Default
It’s only getting sporadic press coverage, but a lot of fixed income insiders are talking about the possible default of a giant real estate developer in China. If you’ve seen the term “Evergrande” in a headline, this is what they’re discussing.
Dividend Scarcity
The finance magazines and websites tell us “10 Dividend Growth Stocks You Can Count On” (Kiplinger), or “20 Dividend Growth Stocks Blasting Off” (Forbes). There’s an annual “Dividend Aristocrats” list of 65 companies, and occasional articles telling retirees that they should buy stocks so they can live off of the dividend checks.
Inter-Family Loans
Logic might tell you that any loans you make to family members would be a personal matter, without requiring the government to get involved. But whenever has the tax code followed logic?
The Health of the Social Security Trust Fund
You may have read that the Social Security Trust Fund is due to be depleted in 2033, a year earlier than previous projections. This sounds alarming, except for several caveats.
Please let me know if we might be of assistance.
Have a wonderful rest of your day,
Ashley Murphy, CFP® AIF®
Areté Wealth Strategists, LLC.
Access our comprehensive, unbiased financial guides here.
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