MWA 4th Quarter Market Update - New Year, New Market?
“Far more money has been lost by investors preparing for corrections than has been lost in corrections themselves.” –Peter Lynch Legendary manager of the Fidelity Magellan Fund
Happy New Year! I hope your holidays were filled with love and laughter. As we close out 2021, I ...Read More
How Markets Across the World Performed in 2021
The year 2021 was an interesting one across the globe. Some markets started up and ended up down, some markets started slow and took off towards the end of the year. Over the past year, most equity markets are were up. US market was up 25.66%, International Developed 12.62%, Global Real Estate 31.38% and Emerging is down 2.54%. ...Read More
How Markets Across the World Performed in the Fourth Quarter of 2021
Each quarter we put together a PowerPoint detailing how different markets performed over the last quarter. You will notice that in Quarter 4 of 2021 most markets were up. The US Market was up9.28% while the International Developed Market was up 3.14% and the Emerging Market was down a whopping 1.31%%. Global Real Estate was ...Read More
MWA Quarter Update - Active Management, Market Declines and Stocks
In the update below, you will find the following links that will direct you to the topics and resources we have assembled for your benefit. I hope you find it informative and useful. If you have an extra second, read Section III: Around the MWA Office for some great updates. ...Read More
How Markets Across the World Performed in the Third Quarter of 2021
Each quarter we put together a PowerPoint detailing how different markets performed over the last quarter. You will notice that in Quarter 3 of 2021 each equity market was DOWN. The US Market was down just 0.10% while the International Developed Market was down 0.66% and the Emerging Market was down a whopping 8.09%. Global Real ...Read More
Government Shutdown - Will My Portfolio Go Down?
Government Shutdown - Will My Portfolio Go Down?
You may have asked your advisor this question, googled this question, or just plain wondered “will my portfolio go down if the government shuts down?” The answer to this question is, probably not. This does not mean that you should not concern yourself with your current risk allocation, because the market may go down, but likely not due to a Government Shutdown.
There have been five Government Shutdowns since 1990. None of ...Read More
Keep Your Money - Don't Buy Insurance!
Last month I broke a simple financial rule I follow regarding warranties and insurance. The purpose of any Insurance or warranties is to transfer catastrophic risk that you can not afford to bear.
Follow the Rules
If you follow rule 1 of our financial planning system, you will set aside an emergency fund equal to about 3 months of your monthly expenses (in more volatile income jobs like sales this might be 6 months to 12 months), but no matter your job the 1st bucket to ...Read More
How to Save Taxes as a Business Owner With Kids
How to Save Taxes as a Business Owner With Kids
Many Business owners today are looking for ways to save on taxes but didn't know that they can pay their kids at a lower tax rate for work the kids do around the office. This strategy is one that has been around for a long time, but doesn't get talked about as often as it should be. It's been around for a long time, long enough that my wife used to help clean her dad's office back in the 1990's.
Let me take some time to explain ...Read More
Am I Paying too Much for My Investments?
Have you ever wondered if you are paying too much for your investments? If so, you're not alone. We have clients come to us to be a second set of eyes on their portfolio and ask this quite often. The short of it is, maybe. You have to make sure that you are comparing apples to apples, not apples to oranges.
At Mills Wealth Advisors, we believe costs matter and we strive to keep our portfolios with low fees. Our average portfolio has a 0.28% fee. So if you are looking for an advisor ...Read More
Business Owners - Don't Make This Estate Planning Mistake!
The One Mistake
Did you know that the death of a founder or owner of a company can lead to 17% job cuts and almost 60% lower sales? Often times, we as humans put the cart before the horse. However, when it comes to end of life decisions we like to leave the cart at home and go out just on the horse. I can't tell you the number of people we talk to who should have a business succession plan or estate plan and don't. That is a big risk for your company and loved ones. According to ...Read More