Keidan Financial Consultants, LLC

CONNECT

Address:

400 South Fifth Street, Suite 100
Columbus, OH 43215

Phone:

614-469-5003

Fax/Other:

614-469-4723

Bob's Blasts

March, 2019

 

Markets

Equity markets are off to their best start to the year since 1987.  As of March 1st, the Dow Jones is on its longest weekly winning streak since 1964, while the Russell 2000 small cap index has had its longest run since inception in 1984. (James Investment Research) The MSCI All Country World Index has now recovered about three-quarters of its fourth quarter sell-off.  

Sentiment has changed quickly with resolution of the U.S. government shutdown, continued progression in trade talks and a broad-based dovish turn by global central banks.  Economic data remains mixed as consumer confidence rebounded, jobless claims dropped and job growth remained strong.  However, a recent slowdown in global growth has been concerning as we are now 10 years into the current recovery.    

 

Medicare

A big change has come to Medicare this year for anyone on Medicare Advantage.  From January 1 to March 31, beneficiaries of Medicare Advantage, also known as Part C, can switch to a new Medicare Advantage plan or can leave the program altogether and return to Original Medicare. (Parts A and B, with option of buying Part D drug plan).  In previous years, this enrollment period only lasted from January 1st through February 14th, and participants only had the option to drop their Medicare Advantage Plan and move onto Original Medicare.  This year is different, as you now have the option to switch to another Medicare Advantage Plan.  Those already on Original Medicare aren’t allowed to make coverage changes during this time. 

 

Technology

We recently invested in new financial planning software (eMoney), which will be available to you in the next few months.  eMoney will provide additional planning tools and help organize assets to make it easier to see your entire financial picture in one place.  This new software will include account aggregation, a mobile web app, retirement projection software, a client portal and other features to help with the financial planning process.  We are hoping to roll out the client portal shortly once we have completed training and have a better proficiency with the website and all of the planning tools.  We will provide updates over the next few months and let you know when the client portal is ready to use.  

 

Moving Forward

While it would be nice to continue this strong run throughout the year, we wouldn’t be surprised to see a market pause or even a pullback given such a strong start.   We continue to remain diversified, while looking for opportunities to tactically adjust portfolios. Over the last five years, 45% of all the U.S. stocks on the NYSE and NASDAQ exchanges lost money, while only 3% of U.S. stock mutual funds and ETF’s lost money.  (Blackrock: Student of the Market) This is one of the reasons we prefer investing in diversified funds over trying to pick individual stocks. We would rather take the singles and doubles the markets gives us over swinging for the fences and running the risk of striking out. Please let us know if you have any questions or there is anything, we can help with moving forward.  

 

 

This material is meant for general illustration and/or informational purposes only.  Views expressed in this newsletter may not reflect the views of Royal Alliance Associates, Inc.  It is our goal to help investors by identifying changing market conditions.  However, investors should be aware that no financial advisor can accurately predict all of the changes that may occur in the market.   This material should not be relied upon as investment advice.  Investors should note that there are risks inherent in all investments, such as fluctuations in investment principal.  Past performance is no guarantee of future results.  There is no guarantee that a diversified portfolio will outperform a non-diversified portfolio in any given market environment. This article contains forward looking statements and projections.  Past performance is no guarantee of future results.

 

 

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