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Avoid Probate Lunch & Learn
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We have a FEW spots left for this Lunch & Learn with Linda Dickens, of Dickens Law, LLC.
Date: July 20th
Time: 11:30-1 pm
Ask about our Breakfast & Learn on August 17th!
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WIN a night at "The K" when you make a donation to
KCFA's Leukemia & Lymphoma Fundraiser!
David Dickens & David Cox are kicking off our support by giving away
2 Royals tickets!
Anyone who makes a donation will be entered into a raffle to win
Royals Tickets to the
Thursday July 20th game!
7:15 first pitch vs Detroit Tigers
2 seats, about 20 rows up from 3rd base and Mike Moustakas!
Plus a reserved Parking Pass
For every $5.00 donation, you'll get one raffle entry!
*Minimum donation $10.00
No limit on entries!!
Drawing on Tues July 18 at noon.
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When you subscribe to our YouTube channel, you will receive a notification when we've added a new video! We're planning on adding economic updates and other video topics!
We'll be starting with a
Live with Linda s
eries. Linda Dickens, Estate Planning Attorney, with Dickens Law will share a variety of video topics,
STARTING with Top ways to avoid probate.
And we've been busy this week on our Facebook & Twitter pages - like our page to stay up to date on
timely market articles, upcoming lunch & learns, as well as other financial news and events.
We look forward to connecting with you!
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Kansas City Business Highlight
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Elizabeth scopes out
KC Wine Co.
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I am still getting reacquainted with all the new places to visit, like KC Wine Co.
It was like being taken to another part of the world, in this little corner of Olathe. Beautiful!
And I can envision many nights out with friends here!
KC Wine Co
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Write Elizabeth Goodwin if you have a business you'd like us to highlight or a special day trip you want to share with our KC Financial Friends!
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Help us help others!
Do you have a friend or colleague that could benefit from KC Financial Advisors services?
If so, please provide us their contact information.
We truly appreciate the opportunity to serve you
& those who are important to you!
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Weekly Quote, Tip, Riddle & Recipe
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WEEKLY QUOTE -
“To know oneself is to study oneself in action with another person.”
- Bruce Lee
WEEKLY TIP -
Many life and auto insurance policies offer the buyer the option to pay premiums on a month-to-month or quarterly basis. While this option is convenient, these fractional premiums sometimes prove more expensive than a lump-sum premium paid annually.
WEEKLY RIDDLE -
If Teresa's daughter is my daughter's mother, what am I to Teresa?
a. Grandmother b. Mother c. Daughter d. Granddaughter e. I am Teresa
Last week’s riddle:
I have an eye, yet cannot see the ground around me. I take time to generate, yet in seconds I can dissipate. What am I?
Last week’s answer:
A tornado.
WEEKLY RECIPE - Tart Apple-Hazelnut Chicken Salad - Here's a sumptuous new spin on the classic from Cooking Light®.
Full Recipe Here
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HOUSEHOLD EARNINGS OUTPACE SPENDING
According to newly released Department of Commerce data, personal incomes improved 0.4% in May, but personal spending advanced just 0.1% after a 0.4% gain in April. Core consumer prices (minus food and energy costs) rose only 1.4% during the 12 months ending in May.1,2,3
WERE CONSUMERS MORE CONFIDENT IN JUNE?
By the looks of the University of Michigan’s monthly household sentiment index, no – that gauge fell 2.0 points to a mark of 95.1. On the other hand, the Conference Board’s consumer confidence index rose 1.3 points to a reading of 118.9.2,3
PENDING HOME SALES WEAKEN
A National Association of Realtors report showed housing contract activity declining by 0.8% in May. This follows a 1.7% dip for pending home sales in April.3
First-Quarter GDP REVISED HIGHER
Apparently, the opening three months of 2017 were not as economically sluggish as first thought. The Bureau of Economic Analysis released its third, concluding estimate of Q1 growth Thursday, modifying the number again to 1.4% from the previous revision to 1.2%.3
TECH SHARES SELL OFF AGAIN, STOCKS RETREAT
Volatility resurfaced in the tech and health care sectors last week, and as institutional investors reduced their holdings in firms within those industries, the effect rippled through all three major equity indices. For the week, the S&P 500 fell 0.61% to a Friday settlement of 2,423.41. The Nasdaq Composite slumped 1.99% to 6,140.42 by Friday, while the Dow Jones Industrial Average finished the week 0.21% lower at 21,349.63. Even so, Wall Street can look back on a fine first half for stocks. The S&P 500 just recorded its best 6-month gain since 2013.4,5
THIS WEEK: Wall Street takes a half-day on Monday, with stock trading wrapping up at 1:00pm EST; during the abbreviated session, investors will consider the June ISM factory PMI. Stock and bond markets are closed Tuesday for the July 4th holiday. Minutes from the June Federal Reserve policy meeting arrive Wednesday, plus May factory orders data. Thursday, the latest Challenger job-cut report and ADP payrolls report complement new initial claims figures and ISM’s June service sector PMI. On Friday, the Department of Labor issues its June employment report, and the Federal Reserve Board hands its semi-annual monetary policy report to Congress.
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Sources: wsj.com, bigcharts.com, treasury.gov - 7/7/175,6,7,8
Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. 10-year TIPS real yield = projected return at maturity given expected inflation.
Please feel free to forward this article to family, friends or colleagues. If you would like us to add them to our distribution list, please reply with their address. We will contact them first and request their permission to add them to our list.
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Disclosures:
Investment Advisory Services are offered through Brookstone Capital Management, LLC, an SEC Registered Investment Advisor. KC Financial Advisors and Brookstone Capital Management LLC are separate companies. These views should not be construed as investment advice. Neither Brookstone Capital Management LLC nor any named representative gives tax or legal advice. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. Please consult your financial advisor for further information.
The information herein has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. All market indices discussed are unmanaged and are not illustrative of any particular investment. Indices do not incur management fees, costs and expenses, and cannot be invested into directly. All economic and performance data is historical and not indicative of future results. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is a market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor's 500 (S&P 500) is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy. NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The New York Mercantile Exchange, Inc. (NYMEX) is the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals, with trading conducted through two divisions – the NYMEX Division, home to the energy, platinum, and palladium markets, and the COMEX Division, on which all other metals trade. Additional risks are associated with international investing, such as currency fluctuations, political and economic instability and differences in accounting standards. This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. MarketingPro, Inc. is not affiliated with any person or firm that may be providing this information to you. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional.
Citations. 1 - bloomberg.com/news/articles/2017-07-07/wage-weakness-amid-solid-hiring-adds-to-u-s-economic-puzzle [7/7/17] 2 - cnbc.com/2017/07/03/june-ism-manufacturing-index.html [7/3/17] 3 - instituteforsupplymanagement.org/ISMReport/NonMfgROB.cfm?SSO=1 [7/6/17] 4 - marketwatch.com/story/gold-slips-set-for-weekly-decline-ahead-of-jobs-report-2017-07-07 [7/7/17] 5 - markets.wsj.com/us [7/7/17] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F7%2F16&x=0&y=0 [7/7/17] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F7%2F16&x=0&y=0 [7/7/17] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F7%2F16&x=0&y=0 [7/7/17] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F6%2F12&x=0&y=0 [7/7/17] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F6%2F12&x=0&y=0 [7/7/17] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F6%2F12&x=0&y=0 [7/7/17] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=DJIA&closeDate=7%2F6%2F07&x=0&y=0 [7/7/17] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=COMP&closeDate=7%2F6%2F07&x=0&y=0 [7/7/17] 6 - bigcharts.marketwatch.com/historical/default.asp?symb=SPX&closeDate=7%2F6%2F07&x=0&y=0 [7/7/17] 7 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyield [7/7/17] 8 - treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=realyieldAll [7/7/17]
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KC Financial Advisors
10975 Grandview Dr. ,
Ste. 190,
Overland Park, KS 66210
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