Plan Confidence Newsletter AUGUST 2020
I'm not sure about you, but I thought we would be coming to the tail end of the Covid crisis right about now. I am currently writing this month's newsletter in a cafe outside of Chicago. (I'm too scared to go into Chicago because if they find out I came from FL, I will be under "house arrest" for 14 days. (And I'm heading back down to FL in a few days).
This is a probably a great time to remind all of our loyal readers that the "economy" and the "stock market" are two different animals.
It appears that the economy is stuck in neutral but the stock market is continuing to go up (for now). In fact, all of the losses of the S&P 500 have been eliminated for the year.
I have been in the financial industry since 1997 and I am a little concerned about this. There is a lot of cash on the sidelines, gold has hit an all time high and we are setting up for one of the most raucous elections that we have ever seen. So, I expect that we will see some tremendous volatility as November approaches.
So, if you have not reviewed your asset allocation and risk factors in awhile, now is a great time to do so. Remember, you can't control returns, but you can control the risk you take. Just a little tip from your "cousin Kevin"!
Stay safe, healthy and confident my friends. Make it a great August!
Sincerely,
Kevin T Clark, RF - Co-Founder & CEO
JULY S&P 500 - STOCK MARKET:
The month of July was a good month for the S&P 500 stock index. The stock market has continued it's upward momentum that started on March 24th. Even though almost all of the "economic" conditions are deteriorating or looking awful.
This is why we use diversification as a starting point for all of our models (and it's required by law). And if you are using our "semi-tactical" models, they have been 50% reinvested and 50% in "cash" depending on the model you were using since May 1st. This has produced a better return (so far) then our fully invested strategic models.
Please log in to your account to see the exact allocations for your plan.
MONTHLY QUIZ: What's your personality type?
There are no wrong answers in this quiz!
Have you ever wondered what your dominate personality types are? You've heard of the Myers-Briggs test?
Now you have the chance to answer a few questions and get the answers. And even better, they'll let you know what it means!
CLICK HERE to take the quiz.
It only takes a few minutes and it is pretty (scarily) accurate. And I was a "Protagonist" type (in case you were wondering).
So, take the quiz and figure out your dominate "personality". It's fun and it may just help you understand yourself and your significant other better!
Plan Confidence - August 2020
If you are using our ongoing, personalized advice service for your retirement plan, then you would have received an email and/or "push" notification (if you are using our app) on Monday, August 3rd around 9am EST.
Regardless if you are using our "Strategic" or "Semi-Tactical" models, you were instructed to move your "Future Contributions" to:
Equity Energy
Intermediate Government
US Small Value
The exact funds to use, and percentages, will be shown when you log into your account through any browser or the app. And if your plan does not have a recommended category from above, then we will let you know the closest investment option available to you in your plan.
Do not hesitate to let us know if you have any questions about this service.
To learn more about our Model Allocations please CLICK HERE.
JOKE OF THE MONTH:
Why don't eggs tell jokes??
They would crack each other up!
Confidently manage your retirement plan!
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