IN THE KNOW Monthly Newsletter August 2022

At ML&R Wealth Management, we want to ensure our clients are In The Know. In this month's newsletter, we cover the importance of long-term investment and using consistency rather than reactionary techniques. We also share articles covering topics such as Active Management and Investment Returns from Dimensional. And of course there are plenty of Austin-located and family-friendly events for you to attend this month. Read on to learn about all of this and more! We are a firm that understands that managing your assets is about more than money. It is about empowering your future. At ML&R Wealth Management, we focus on you.

The Importance of Investing for the Long-Term Scott Adair, CFP®, Wealth Management Advisor sadair@mlrpc.com | (512) 275-2734 One of the most important aspects of our investment strategy at ML&R Wealth Management is our long-term approach. This applies not only to the way we invest our clients’ assets, but also to the market research and evidence that forms the bedrock of our investment philosophy. We fully understand the impulse to question your investment plan and react to short-term volatility and current events. However, we know from studying investor behavior and the history of the stock market that changing your investment plan midstream as a reaction to short-term volatility can be a recipe for failure. Let’s explore a couple of real-world examples that illustrate the importance of maintaining a long-term investment strategy. MARKET PERFORMANCE Through June 30th of this year, the S&P 500 Index declined almost -20% in the first half of 2022, and was the index’s worst first half start to a calendar year since 1970. For younger, emotional or less experienced investors, this can tempt them to abandon their stocks for the “safety” of bonds or cash, until the market recovers.* However, selling stocks after they have declined is the opposite of what we should be doing as long-term investors. *The safe haven bonds usually provide during stock corrections has also vanished so far this year, with US bond market returns down -10.35% through June 30th. And with inflation at over 8%, the purchasing power of uninvested cash can erode quickly. Read More... Click here to view additional videos & articles by Scott Adair.

Employee Spotlight ~ Let's Talk to the Team In this year's Employee Spotlight we will be asking fun questions to the entire team and sharing their answers in this section!

Updates from Dimensional Insights

Active Management Hasn't Shined in Volatile Markets By Wes Crill, PhD, Head of Investment Strategists and Vice President Many investors have likely heard the adage that active management performs better in times of market turbulence. This may sound like an emotional hedge for market stress akin to betting against your favorite sports team to balance an adverse outcome with financial compensation. However, a historical analysis of active US-domiciled equity funds finds no meaningful relation between market volatility and managers’ success rates; the implication is that traditional active investments may compound your concerns during times of market uncertainty. Read More... What Drives Investment Returns? Start with Ingenuity. By Weston Wellington, Vice President A recent news item reported that Frederick Smith intended to step down as Chairman and Chief Executive Officer of FedEx Corp., the largest air freight firm in the world.  As a Yale undergraduate in 1965, Smith wrote a term paper for his economics course outlining an overnight air delivery service for urgently needed items such as medicines or computer parts. His professor was not much impressed with the paper, but after a stint in the Air Force, Smith sought to put his classroom idea into practice. He founded Federal Express (now FedEx) in 1971, and one evening in April 1973, 14 Dassault Falcon jets took off from Memphis airport with 186 packages destined for 25 cities.  Read More...

ML&R Wealth Management is Celebrating 25 Years! 1997 ~ 2022

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Are you responsible for administering your company's 401(k) plan? Would you like more insight and resources regarding the retirement plan services industry? If so, please subscribe to our 401(k) Plan Services Quarterly Newsletter. You can check out the last few issues below. April 2022 Newsletter January 2022 Newsletter October 2021 Newsletter See our latest Retirement Plan Services articles: Insurance Coverage Needs for Your Retirement Plan Maximum Benefit & Contribution Limits for 2022 Retirement Plan Testing Subscribe Here!

What's Happening in Austin Next Month

Austin Events Blended Festival (9/24/2022 - 9/25/2022) The Austin Chronicle Hot Sauce Festival (9/11/2022) Fall Pecan Street Festival (9/16/2022 - 9/17/2022)

Family-Friendly Events Field of Light (9/9/2022 - 12/2022) Austin Museum Day (9/18/2022) ¡VIVA Mexico! (9/17/2022)

Our Advisors:

Steve Harvey Email | (512) 370-3236 Stuart Vick Smith Email | (512) 370-3229 Fred Frey Email | (512) 370-3251 Vanessa McElwrath Email | (512) 275-2716

MaryBeth Meyer Email | (512) 370-3202 Scott Adair Email | (512) 275-2734 Carli Smith Email | (512) 370-3254

Meet the Rest of Our Team

About ML&R Wealth Management:

At ML&R Wealth Management, we take investing personally. Your ML&R Wealth Management advisor will work to develop a lasting relationship with you, keeping in touch to understand your changing goals and to provide an asset management strategy to help achieve them. Whenever you need sound financial advice, you have a direct line to a trusted advisor. For over 25 years, we have served individuals, families, businesses, and nonprofits with wealth management services, custom retirement and 401(k) plans, and portfolio management. We believe in accountability and transparency and operate as a fee-only advisor with fees calculated solely on assets under management.

(512) 275-2700 www.mlrwm.com

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