Hello to all my New Clients, Existing Clients, and Friends.
Rather than talking about the markets, which I will continue to do nearly every quarter, I wanted to take some time to send a communication with some updates and thoughts on other ways I can serve/assist you.
Client Events
We are planning a couple of client events again for early fall. It has been a long time since I have seen many of you and look forward to these events and getting together again. We will set up a couple of outdoor events so everyone can feel comfortable attending.
Ideas for future Newsletters
I am trying to gather some ideas for future newsletters. I would like to ask if there are any topics that may be interesting to you such as Social Security, Retirement Income, Health Savings Accounts, or any other financial subject that I can help you understand further.
Advice I can provide
I recently had a conversation with a client about leasing a new car. Although I am not a car salesperson, I do wish the client had called me before making his/her new purchase so that we could have discussed the choices. Any major financial decision such as buying a new car, refinancing a house or whether to save or use funds contributed to an HSA, has many different elements to discuss and consider. I have definite thoughts that I can offer that may help make the appropriate decision that could significantly impact a client’s financial future. I ask you all to call me or email me before making a decision so that I can offer some assistance.
My Process
I also wanted to discuss my process as the markets have changed so dramatically over the last 2+ years.
From 2018-November 2021 interest rates were low and the government was providing very easy financial conditions. During those times my skills of picking individual stocks or mutual funds in the growth sectors served my clients well. As conditions changed in November 2021 and inflation became a glaring issue and concern, the Fed started raising rates, the markets changed so I adopted.
- As a financial advisor, one must watch to make sure new conditions are going to remain for an extended period before making large changes. So, I made incremental changes as follows.
- I evaluated the benefits of other asset classes and investment products outside of just purchasing individual stocks and implemented these newer strategies.
- I monitored the various sectors to see if there were potential opportunities for client portfolios and make changes to the current holdings.
In 2023, the economy has changed again and done another 180 degrees turn as inflation has been coming down and rates have followed. Growth is slowing and the economy is slowing, as intended by the Fed. Further, the Fed has or has come close to finishing raising rates to bring inflation down. In this environment the market has tilted back to growth and higher quality growth.
- I have added general market and index-oriented funds that attempt to focus on the strengths in the market rather than focus on individual sector investments.
I work hard at my process and continually work very hard for my clients. I know that most, if not all of you, appreciate that.
Communications
In the fall I will start a new process of annual calls with you all. During September and October, I will reach out to each of you for this annual review/conversation. If you would like to email me with any preferences, please let me know, jordan@jormikcapital.com.
References
I am open to taking on new clients so if any of you have friends or family that would like to talk and maybe get a different perspective, please send them my way... Thank you all.
Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. All investinginvolves risk including loss of principal. No strategy assures success or protects against loss. The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful.