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Wiser Wealth Management Blog

Retirement & Investing

Will Coronavirus Affect Social Security?

Over the last few years, Americans entering retirement have feared reductions in Social Security benefits and those new to the workforce have feared the dissolution of it altogether.  And the coronavirus has only amplified these fears.  The United States has been in jeopardy of depleting the Old-Age and Survivors Insurance (OASI) Trust Fund for quite a while. It is anticipated the fund will become insolvent by 2035. After that point, income and payroll taxes would only cover 75% of the benefits. There are many reasons

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Research & Economic Commentary

Innovation in turbulent times

Growth and innovation often occur in turbulent times. By applying equal parts brainpower, ingenuity and guts, innovators are able to create sustainable, global brands that totally disrupt the status quo. It may be difficult to even consider the future of investing at this moment in history, however consider this – we don’t know what big ideas are brewing right now. We’ll likely find that the companies prioritizing innovation now are the ones trading on NASDAQ well into the future. When COVID-19 became global news, market

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Retirement & Investing

Sell in May and Go Away?

A common phrase when investing in the stock market is, “Sell in May and Go Away.” The adage is said to have originated from an old English saying: “Sell in May and go away and come back on St. Leger’s Day.” St. Leger’s Day refers to the day of the St. Leger Stakes, a popular horse race, held in September. Americans eventually adopted it based on the increase in vacation time taken during summer months, and then applied it to an investment approach. It implies

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ETF JETS
Aviation

Investors betting against Warren Buffett

At the recent Berkshire Hathaway annual shareholders’ meeting, Warren Buffett virtually announced he was selling all of his airline positions stating, “The world changed for airlines.” Although usually a long-term investor, he projects the airline industry will not turn around for at least the next four years. “Our airlines position was a mistake” he stated. The coronavirus pandemic has hit the airline industry the hardest.  Airlines are operating at 90% less capacity. They have accepted government bailouts in order to avoid potential bankruptcies and there

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lessons from spanish flu
Research & Economic Commentary

Lessons from the Spanish Flu

There are lessons from the 1918 influenza flu pandemic (commonly called the Spanish Flu) that we can use to mitigate adverse economic consequences. Primarily, the use of non-pharmaceutical interventions (NPIs) such as social distancing. Instead of watching baseball on sunny days, gathering with friends for backyard barbecues and going to concerts like we had assumed we’d be doing, we are “sheltering in place” missing birthdays, graduations, weddings and in some cases funerals. Additionally, economic reports released earlier this week show GDP contracted by 4.8% at

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economy
Research & Economic Commentary

COVID19 Economic Recovery

Investment portfolios have seen a wild ride in the past year. The somewhat good news is that most diversified portfolios, as of today, are nearly flat to up over the last twelve months. The next question is, what will the remainder of 2020 bring us in terms of an economic recovery? Matthews Barnett, CFP ® provided a review of the market and GDP response to COVID-19 in his blog last week.  Here is a synopsis of what the largest asset managers are saying on their

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shape of recovery
Research & Economic Commentary

Shape of the economic recovery

Now that shelter in place restrictions are lifted and Americans are going back to work, what will the economic recovery look like moving forward? Economists and analysts alike use the proverbial alphabet soup of letters to describe it. V shaped, U shape, L shaped, W shaped? There has even been the advent of the “Nike Swoosh!” In the best-case scenario, we hope for a V-shaped recovery. This means we are close to bottoming out and we can recover quickly due to pent-up demand. In this

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profit from technology
Retirement & Investing

Profiting from technology

Americans of every generation have increased adoption rates of new technologies for communication. Due to the coronavirus pandemic, we are utilizing new apps even more via cell phones, tablets and laptops.  Adding technology investments to a portfolio can be a way to potentially higher long-term returns. Those who were already high on the adoption curve are finding this new environment to be highly efficient, while those who were a little further behind the curve may find it new and exciting thus climbing up the curve

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understand what you own
Research & Economic Commentary

Understanding What YOU Own

It is important to understand what you own in your portfolio. Understanding what you invest in is crucial to long-term investing success. It is also why retail investors were crushed recently for buying the United States Oil Fund (USO). The USO is an exchange-traded fund (ETF) that tracks the daily price movements of West Texas Intermediate crude oil (WTI). It is also the largest oil ETF and has recently been in the headlines for all the wrong reasons. Retail investors flooded the fund, speculating that

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need
Wiser News

Local residents in need

The Walton Renaissance Senior Community, an independent living facility for 62+ income based adults, is located near the Wiser Wealth office on Henderson Street in downtown Marietta. The facility is set peacefully just off the Marietta Square where residents can walk or get weekly rides to nearby shopping and entertainment, but in our current environment, the setting has changed. We have learned through a local organization that the COVID-19 lockdown has hit these residents especially hard. Common areas are closed and transportation is no longer

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Recent Tweets

Some good economic news this morning following June jobs report as it was announced U.S. jobs increased 4.8 million in June vs the 2.9 million anticipated. Also, Unemployment rate now down to 11.1%. #coronavirus #unemployment #joblessclaims #payrolls

Finally a bit of good news to share! #COVID19 deaths are on the decline and consumer spending is up. Read more in our latest Wiser Wealth Management #blog. https://conta.cc/2VGHjoO @wiserinvestor

A new Wiser Roundtable #podcast is now available! Check it out on Apple Podcasts or your favorite listening app. This week the team discusses how to #recession proof your household. #budget #debt #savings https://conta.cc/2YT4a1k @wiserinvestor @moneyguypro @cashflowcaptain

Dow just had its best quarter since 1987, and Nasdaq best since 1999. However, there are many challenges moving forward next quarter. Today Steven Mnuchin and Jerome Powell had differing opinions on the economic environment. #coronavirus #COVID #Stocks #StockMarket
#reopening

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