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Global Asset Allocation Views – Q4

Global Asset Allocation Views Q4 2020 3rd Quarter Recap S. stocks have made up significant ground since the March lows, even hitting all-time highs. Vaccine outlook and better therapeutics had been a key driver during the quarter. Markets appear to have turned a corner and entered a new bull market. Similar to 2009, we could expect increased volatility with a few 5-10% pullbacks.  The downside view is policy mishaps push us back into a recession. Stocks continue to look attractive compared to bonds. The earnings yield on stocks is well above what one could expect to earn with the 10-year...

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Trust is key!

Trust is key! Trust is a foundational pillar of any relationship. Many choose to hire, partner with, and collaborate only with individuals that they know, like, and trust. Each profession has characteristics that advance the depth of a relationship between a professional service and a client/prospect. If a business wants to stand tall above a crowded room of competition, then a business needs to have a unique purpose, culture, structure, and value proposition. What does that unique nature look like? For HFS, it starts with having a purpose. A purpose is your overarching set of goals, morals,...

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*Student Loan Debt Reaches 1.6 Trillion Now What?

*Student Loan Debt Reaches 1.6 Trillion Now What? You just graduated in the middle of a pandemic, you had to have a virtual graduation ceremony, unemployment rates are double digits and now it’s time to pay back your student loans.  Just like paying for college, paying back your debt is loaded with options. Student Loan Forgiveness is where I would look first. If you work as a teacher, nurse, doctor, government employee, a non-profit, medical technician, or served in the military to name a few, you may qualify for some or all of your student loans to be forgiven. Next if your loans are...

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Global Asset Allocation Views – Q3 2020

Global Asset Allocation Views Q3 2020 2nd Quarter Recap Markets exited bear territory finishing just shy of all-time highs. NBER (National Bureau of Economic Research) finally called the recession when it appears we may already be exiting and entering a new cycle. Energy was the best performing sector recovering from negative futures contracts as speculators were caught needing to settle the physical delivery of oil. Technology finished in second place as investors continued to favor the safety of big tech. As has been the case for the past decade, domestic outperformed international and...

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What to do when things get choppy

“What to do when things get choppy” “Rock the boat, don’t rock the boat baby”- The Hues Corporation When sailing from one destination to another there will be times when unfavorable weather will arise. Think of taking a cruise on the Atlantic Ocean, or even a boat ride through Lake Erie. An image that may come to mind is an evening cruise where the water was so still that the vessel seamlessly sailed through the night. Another image that may come to mind is one that I have in particular: on a channel off the coast of Ireland, where the ferry that I was on got caught in a storm. The captain...

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Asset Allocation and Market Recoveries

Asset Allocation and Market Recoveries      Asset Allocation Dilemma Money managers and individual investors have the dilemma of creating a proper asset allocation.  The decisions involve assigning weights to equities, bonds, cash, and alternative strategies or asset classes to provide the best risk-adjusted return to match an investor’s goals and their risk tolerance.  Think about the following scenario: You are forced to invest all of your accounts for 20 years and are not able to look at or rebalance the portfolio.  How would you invest this account?  Based on historical performance and...

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