The Weekly Wealth of Knowledge is your download of this week's most important topics related to financial planning, the markets, and our community. In this issue:
- Silver linings of economic disruptions - A recap (6 minute read)
- Types of market analysis (2 minute read)
- How does an umbrella policy fit into financial planning? (3 minute read)
Enjoy!
Silver Linings of Economic Disruptions
Last month we were focused on timely financial planning “action items” that everyone can act on given our current economic environment. Our four “to do” for the month were refinancing your mortgage, executing Roth Conversions in your IRA, taking tax losses in your non-qualified accounts, and skipping your Required Minimum Distribution (“RMD”) to lower your taxable income. Check out last month’s silver livings below:
If you think any of these action items are right for you, please don’t hesitate to give us a call!
Types of Stock Market Analysis
There is no shortage of analysis for anyone interested in investing. A search for the term “stock market analysis” turned up 585 million results on Google and well over 55 million Yahoo.¹
The majority of stock market analysis can be lumped into three broad groups: fundamental, technical, and sentimental. Here’s a close look at each.
Fundamental Analysis
The goal of fundamental analysis is to determine whether a company’s future value is accurately reflected in its current stock price.
Fundamental analysis attempts to estimate the value of a particular stock based on a variety of factors, such as the current finances of the company and the prevailing economic environment. Fundamental analysis also may include speaking with a company’s management team and assessing how the company’s products are received in the marketplace.
Read full article here.
Umbrella Liability Insurance
Observed annually in June, National Safety Month focuses on reducing leading causes of injury and death at work, on the road and in our homes and communities. At Moneco Advisors, we want to focus this month on what it takes to keep your financial lives safe as well. While there is no magic cure for market risk or avoiding volatility, there are several other financial planning strategies that will increase your asset protection. One, and often the most overlooked, is liability insurance. If you saved 15% or more on car insurance in 15-minutes or less, did you sacrifice the protection that you need? One auto accident over your coverage limits could drain your savings and force you to rely on your retirement accounts more heavily. This concept of asset protection also goes for your life, health, homeowners, and even long-term care risks. As part of our service to our clients, we audit these policies at no additional cost, providing recommendations where appropriate. We hope you will join us this month as we help our clients protect their assets!
To kick it off, have a read of how and why Umbrella Liability Insurance should play a role in your overall financial plan.