SEPTEMBER 2020 NEWSLETTER |
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THE VERY PERSONAL BUSINESS OF YOU
When I started in the financial business more than 30 years ago, I was committed to making a real impact on people's lives. Credentialed as a CPA then, I was eager to put my skills to use. Beginning to work with my high-net worth clients, it became clear their unique and sometimes complicated circumstances required a C-level advisor; a true Chief Financial Officer for the household, who understands the overall goals and needs, as well as the complex financial tools available to get there. That drove me. I've spent my career adding to this unique role, with new sophisticated technologies, and expert financial partners in their respective fields to open Scottsdale Wealth Planning.
In 2020, my role as a Personal CFO is more important than ever. Tax planning, estate planning, insurance, charitable giving, mortgage review, DST 1031s and business succession planning are just some of the interwoven financial themes that have occupied our attention this month. Add to these, we diligently monitor world markets. In this month's newsletter, I’ve touched on several sectors you may not be thinking about, including fixed income, emerging markets and energy. (You'll note a lot of additional suggested reading in this issue, most of which won't mention "FAANG".) In our MAIN STREET section, I share one non-profit's take on legacy giving. And keep reading for a little proud news of my own!
Paul Ohanian, CFP®
(480) 550-8555
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The senior adviser responsible for managing the financial actions of an individual client or household. The CFO's duties include:
- Tracking cash flow and financial planning
- Analyzing financial strengths and weaknesses
- Proposing corrective measures to enhance positive outcomes
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INSIGHTS // INFLATED REMARKS
Yields have remained mostly unchanged and many categories continue to yield near or even below the levels where they stood one year ago. As discussed in the September update of Van Eck's "Income Investing: Ideas to Beat the Bank," the market received big news from Federal Reserve Chairman Jerome Powell, who announced in August that the central bank would abandon its policy of pre-emptively raising rates to head off inflation. This "breaks decades of tradition, and the adoption of an inflation-averaging strategy may result in interest rates staying low for longer."
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READ Van Eck's full September update on Income Markets HERE.
LEARN MORE about what the Fed's inflation goal shift could mean for Investors with Schwab's Chief Fixed Income Strategist Kathy Jones HERE.
Scottsdale Wealth Planning clients: It's a great time to review your fixed income portfolio and income needs. Schedule time with Paul HERE.
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INSIGHTS //OIL'S WELL
Data from the Energy Information Administration shows demand has started to recover from the peak-pandemic lows as states reopen their economies. In a recent discussion with Brookfield, industry analysts shared that motor gasoline supplied is near back to its 5-year average, after hitting a low this spring. At one point in March, motor gasoline supplied was down 48% versus 2019, a clear symptom of the domestic economy coming to a grinding halt. |
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Some of the factors contributing to the increase in demand can be explored in Brookfield's article, "The Return of the Great American Road Trip," HERE. |
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“Paul’s appreciation of Arizona’s deep roots is demonstrated in his loyalty to our great state - his office is on Main Street in Scottsdale, and he resides in Scottsdale where his wife and 3 adult children have carved their own Arizona legacy.”
- Dr. James Burns, Exec. Director, Arizona Historical Society
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A big THANK YOU to the folks at The Scottsdale Independent, who recently reported the board appointment. We look forward to sharing news on the Arizona Historical Society in months to come! |
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DFA DIFFERENCE
What does a century of economic cycles teach investors about investing? Dimensional’s interactive exhibit examines how stocks have behaved during US economic downturns. |
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MAIN STREET
Have You HEARD?
Until it dissolved in 2018, IACA was the premier volunteer organization to "promote, preserve and protect American Indian arts." SWP friend and neighbor Kathi Ouellet of River Trading Post served on the IACA board for more than 10 years. We salute her and the IACA for their commitment and their legacy. |
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In markets, past performance is no guarantee of future results. In life, we celebrate our past to lead us into the future.
This Fall, we're hosting a very special VIRTUAL EVENT our friends at the Arizona Heritage Center, who've made it their mission to connect people through the power of Arizona's history. I hope you'll join us as we highlight this iconic heritage organization and its award-winning events that draw thousands of State 48 followers and admirers … WE ARE ALL A PART OF SOMETHING UNIQUE IN ARIZONA.
Keep checking your inbox for your invitation!
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Paul Ohanian, CFP®, Scottsdale Wealth Planning, Inc., (“Advisor”) is a Registered Investment Adviser. Information contained in this e-mail message is for informational purposes only and should not be considered investment advice. Advice may only be provided after entering into an advisory agreement with Advisor. Information is at a period in time and subject to change. Our current Disclosure Brochure is set forth on Form ADV Part 2 and is available for your review upon request.
The information contained in this e-mail message is intended only for the personal and confidential use of the recipient(s) named above. If the reader of this message is not the intended recipient or an agent responsible for delivering it to the intended recipient, you are hereby notified that you have received this document in error and that any review, dissemination, distribution, or copying of this message is strictly prohibited. If you have received this communication in error, please notify us immediately by e-mail, and delete the original message. All e-mail sent to or from this address will be recorded by the advisor's email system and is subject to archival, monitoring, and inspection by securities regulators.
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