Investment Review & Commentary 2019 Q3

The following presents a brief description of our Investment Review & Commentary 2019 Q3 developed in-house by our firm. CLICK HERE to read the full report. Please CONTACT US directly to request a copy of our current Investment Outlook & Strategy Updates.   

Investment Review & Commentary 2019 Q3 ~ Highlights

Benchmark Performance on Page 1 provides index data for the past time periods QTR, YTD, 1-YR, 5-YRS, and 10-YRS annualized.  Sources: Black Rock, Morning Star and Wall Street Journal.

Market Recap on Page 2 covers several topics including Market Trends that were upbeat at the start of the quarter, then dipped with ongoing China trade bickering, only to recover when optimism returned. Long-term bonds rallied sharply, and assets — gold, bonds — handily beat stocks in the quarter.  Find investment review and commentary on these and other topics including Sector performance in the Market Recap.

Market Outlook on Pages 3 and 4 provides a comprehensive review of a U.S. economy that continued to expand yet some aspects like Manufacturing deserved monitoring. Internationally the IMF lowered its forecast, stock market valuations were high, but no bubble and the feds funds rate was cut twice.  Inflation, that remains tepid, and other factors are covered in Market Outlook.

Investment Strategy & Portfolio Update  Page 5, provides strategy and updates on PSFI Asset Class Model and the outlook for stocks and fixed-income investments.

PSFI News on Page 6 covers how tax reform has impacted IRA Qualified Charitable Distributions (QCD’s), tips for secure mobile banking and more.

To read the comprehensive investment report CLICK HERE.

STANDARD DISCLAIMER 

Disclosure: The Quarterly Investment Review of Parr Financial Solutions, Inc. (PFSI) expresses the views of the firm as of the date indicated.  Our views are subject to change without notice. Past performance is not an indication of future results. This commentary is being made available for educational purposes only.  The information should not be construed as an offering of advisory services or an offer to buy any securities. Certain information concerning economic trends and performance is based on information provided by independent third-party sources.  Parr Financial Solutions, Inc. believes these sources to be reliable, but cannot guarantee the accuracy of this information, or the assumptions on which the information is based. This publication may not be copied, reproduced, republished, or posted in whole or in part without prior written consent.

Investment Review & Commentary 2019 Q2

The following presents a brief description of our Investment Review & Commentary 2019 Q2 developed in-house by our firm. CLICK HERE to read the full report. Please CONTACT US directly to request a copy of our current Investment Outlook & Strategy Updates.   

Investment Review & Commentary 2019 Q2 ~ Highlights

Benchmark Performance on Page 1 provides index data for the past time periods QTR, YTD, 1-YR, 5-YRS, and 10-YRS annualized.  Sources: Black Rock, Morning Star and Wall Street Journal.

Market Recap on Page 2 reviews Market Trends that continue upward ascent in April then dive in May when sentiment deteriorates, but upticks in June amidst positive economic developments. Also covered is review and commentary on Sector performance.

Market Outlook on Pages 3 and 4 provides a comprehensive review of U.S. Economy Downshifts, Corporate Earnings Outlook, A Market that’s Not Cheap, a Trade War that Clogs Global Economy; China, Europe, and Inflation updates, and lastly, Fed Considers a Rate Cut.

Investment Strategy & Portfolio Update  Page 5, provides strategy and updates on PSFI Asset Class Model, Key Assumptions, Portfolio Positioning, the Challenges presented by Global Disruptions and Fixed Income Strategy.

In PSFI News on Page 6 provides Retirement Bits and Pieces on Fraud and Password Security, a Legislative Update and more.

To read the comprehensive investment report CLICK HERE.

Standard Disclaimer 

Disclosure: The Quarterly Investment Review of Parr Financial Solutions, Inc. (PFSI) expresses the views of the firm as of the date indicated.  Our views are subject to change without notice. Past performance is not an indication of future results. This commentary is being made available for educational purposes only.  The information should not be construed as an offering of advisory services or an offer to buy any securities. Certain information concerning economic trends and performance is based on information provided by independent third-party sources.  Parr Financial Solutions, Inc. believes these sources to be reliable, but cannot guarantee the accuracy of this information, or the assumptions on which the information is based. This publication may not be copied, reproduced, republished, or posted in whole or in part without prior written consent.

Investment Review & Commentary 2019 Q1

The following presents a brief description of our Investment Review & Commentary 2019 Q1 developed in-house by our firm. CLICK HERE to read the full report. Please CONTACT US directly to request a copy of our current Investment Outlook & Strategy Updates.   

Investment Review & Commentary 2019 Q1 ~ Highlights

Benchmark Performance index data for the past time periods QTR, YTD, 1-YR, 5-YRS, and 10-YRS can be found on page one.

Market Recap review and commentary on page two discuss three factors behind the global market rebound from its nosedive in 2018 Q4 and the best performing sectors.  Learn how the market notched its best first-quarter performance in over 30 years.

Market Outlook on pages 3-4 includes review and commentary on the continued slowing of the US Economy with one major economic index noting that the pace of growth could decelerate by the end of the year.  The further commentary discusses the state of growth for the world’s leading developing countries, inflation, oil prices, emerging markets, and interest rates.

Investment Strategy & Portfolio Update In this section pages 4-5, are updates on Asset Class Model, Stock Valuation & Strategy and Fixed Income Strategy as well as a Long-term Perspective.

In PSFI News on page six are Retirement Bits and Pieces with checklists on “Ready to Retire (or Not)” and “Top Financial Concerns for New Retirees.”

To read the comprehensive investment report CLICK HERE.

Standard Disclaimer 

Disclosure: The Quarterly Investment Review of Parr Financial Solutions, Inc. (PFSI) expresses the views of the firm as of the date indicated.  Our views are subject to change without notice. Past performance is not an indication of future results. This commentary is being made available for educational purposes only.  The information should not be construed as an offering of advisory services or an offer to buy any securities. Certain information concerning economic trends and performance is based on information provided by independent third-party sources.  Parr Financial Solutions, Inc. believes these sources to be reliable, but cannot guarantee the accuracy of this information, or the assumptions on which the information is based. This publication may not be copied, reproduced, republished, or posted in whole or in part without prior written consent.

Investment Review & Commentary 2018 Q4

The following presents a brief description of our Investment Review & Commentary 2018 Q4 developed in-house by our firm. CLICK HERE to read the full report. Please CONTACT US directly to request a copy of our current Investment Outlook & Strategy Updates.   

Investment Review & Commentary 2018 Q4 ~ Highlights

Benchmark Performance index data for the past time periods QTR, YTD, 1-YR, 5-YRS, and 10-YRS can be found on page one. 

Market Recap on page two provides review and commentary on the factors behind the global market downturn for the quarter, the one sector providing a positive return, and other noteworthy commentaries on the Fed’s continued rate increases and oil prices tanking.  

Market Outlook on pages 3-4 includes review and commentary on the Global Economy slowing, US Expansion cooling off, the Trade Tug O’war continuing, the direction of corporate earning slowing and an outlook on the  US Dollar as well as an Inflation update, plus some thoughts from Janet Yellen.

Investment Strategy & Portfolio Update In this section pages 4-5, you’ll get an update on the PSFI Asset Class Model, Stock Valuation, Cresmont’s view of P/E ratio and recent Portfolio Changes, including Small-cap, Trade, and Tariff-related Positioning, and Strategic Year-end Tax-loss Selling as well as Fixed Income Strategy.  

In PSFI News on page six are Highlights of Selected Tax Items for 2019, Charitable Giving and IRA RMD, Schwab Annual Notification of Electronic  Money Movement Authorizations on File and Changes to Personal Financial Situation.

To read the comprehensive investment report CLICK HERE.

Standard Disclaimer 

Disclosure: The Quarterly Investment Review of Parr Financial Solutions, Inc. (PFSI) expresses the views of the firm as of the date indicated.  Our views are subject to change without notice. Past performance is not an indication of future results. This commentary is being made available for educational purposes only.  The information should not be construed as an offering of advisory services or an offer to buy any securities. Certain information concerning economic trends and performance is based on information provided by independent third-party sources.  Parr Financial Solutions, Inc. believes these sources to be reliable, but cannot guarantee the accuracy of this information, or the assumptions on which the information is based. This publication may not be copied, reproduced, republished, or posted in whole or in part without prior written consent.

Top 5 Financial Need-To-Knows for Young Adults

Financial Planning for Young Adults

           Anne Rogers

I think we can all agree that transitioning from childhood and our teenage years to adulthood is definitely not easy. To say that there’s a lot you need to know in order to successfully navigate those treacherous waters, especially if your parental or educational experiences have left you lacking in that department is an understatement, so here’s a crash course in your top 5 need-to-knows for setting yourself up for financial success in adulthood.

 

Setting up a Checking (Debit) & Savings Account

Getting this account set up is the basis for everything else financial you will be doing in the future.  Make sure to be educated on any monthly or yearly service fees, minimum balance requirements, and overdraft fees that may be applicable to your account and ask about student accounts if you are currently enrolled.  Just visit your local bank and ask to open an account.

Do you need a credit card?

If you are approaching or already in your early 20’s now is the time to look into getting a credit card. The thought can be intimidating, but if you don’t have any other lines of credit (student/ car/ housing loans, debit accounts, etc.) then you will need a credit card to help build a credit score.  Your ability to buy a car, get approved for housing loans or apartments can be dependent on this.  Compare card benefits (sign up bonuses, cash back rates, interest rates, yearly fees, etc.) before you sign up and know that for every credit card you open or close will cause a short term dip in your credit score.  This dip will recover with on time payments and low usage, so make sure you don’t go off the deep end with your new plastic and know your card’s limit!

Build Your Budget!

First and foremost, you need to know what ALL your monthly income and financial responsibilities are. Covering all your bills is first and foremost, then with the money left over there are a few things you need to consider: an emergency fund (try to aim for $30-50 per paycheck), money to save (10% is a good place to start if your income is low), any things you are trying to save for (this amount is personally set), and last but not least, your fun money will be what’s left at the end.

Create a Bill Calendar

Due DateOnce you know what all your bills are, now you need to set up a calendar with reminders to pay or that the payment is being collected out of your account.  Let’s say you get paid on the 15th and 29th of every month and you have 7 different bills that are collected monthly.  Depending on how much your two paychecks are, you may need to ask the entities to which you owe money to move your billing date for 3 of your bills to the 17th and keep the rest on the 1st so that that way you don’t end up in a situation where you need money, but your account was just cleaned out because of your bills.  If possible, try to keep a minimum of $500 in one of your accounts for your emergency fund.  You never know what could happen!

Maintaining Your Files/ Staying up to date on your spending

Finally, make sure you have a safe box that is both fire retardant and waterproof to keep all of your important financial and personal documents (think bills from the mail, credit and debit card account informational packets, birth certificates, social security cards etc.) because you never know when you may need the official document.  Also, look into apps like Mint that help you to track your spending habits so you know where your money is going and in what areas you can cut back if you need to save for something!

Once you have all this down and maintained, you will have set yourself up to be able to be financially stable!  You’ve got this!

 Anne Rogers collaborated with Parr Financial Solutions for a first-hand view of the world of personal finance from a young adult’s perspective.

News and Insights

News

News

George Johns

George Johns

Financial Advisor and Director of Client Services

George holds a Bachelor of Science degree in Information Systems Management from the University of Maryland University College. He completed his financial planning studies with the College for Financial Planning in Denver, Colorado. He became a CERTIFIED FINANCIAL PLANNER™ professional in 2010.

Prior to joining Parr Financial Solutions, he spent seven years in the Private Wealth Management group of SunTrust Bank delivering comprehensive financial planning services to high net worth clients. Mr. Johns also spent several years with T. Rowe Price working with corporate retirement plans as well as individual investors.

George truly enjoys working together with clients to define, plan for and accomplish their personal planning objectives. He lives with his wife Pattie, in Hampstead, MD and is the proud father of two adult children.

 

 

 

 

 

 

Schwab Alliance Login

Schwab Alliance Login

IMPORTANT NOTICE

You are now leaving the Parr Financial Solutions, Inc. website and will be entering the Charles Schwab & Co., Inc. (“Schwab”) website.

Schwab is a registered broker-dealer, and is not affiliated with Parr Financial Solutions, Inc. or any advisor(s) whose name(s) appear(s) on this website.  Parr Financial Solutions, Inc. is independently owned and operated. Schwab neither endorses nor recommends Parr Financial Solutions, Inc.  Regardless of any referral or recommendation, Schwab does not endorse or recommend the investment strategy of any advisor.  Schwab has agreements with Parr Financial Solutions, Inc. under which Schwab provides Parr Financial Solutions, Inc. with services related to your account.  Schwab does not review the Parr Financial Solutions, Inc. website(s), and makes no representation regarding the content of the website(s). The information contained in the Parr Financial Solutions, Inc. website should not be considered to be either a recommendation by Schwab or a solicitation of any offer to purchase or sell any securities.

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Privacy Policy

PARR FINANCIAL SOLUTIONS, INC.

PRIVACY POLICY

31 AUG 2018

 

At Parr Financial Solutions, Inc., we have policies and practices in place to maintain the privacy of all client information.  We believe it is critical to comply with the laws and regulations designed to secure our clients’ financial privacy.  Your relationship is very important to us, and we want you to understand our policies and practices about handling your personal information.  This privacy statement applies to our relationships with clients with whom we have a current relationship, including former clients as well as prospective clients.  Clients are notified of our privacy policy as part of our initial engagement and also by annual updates to our standard regulatory disclosure statement SEC Form ADV Part 2A.

 

Why do we request your personal information?

We collect information about you for identification purposes, to protect and administer your records and accounts, to help us design or improve our services, to understand your financial needs, and to comply with certain laws and regulations.  We collect and maintain your personal information so that we can provide financial advice and investment management and other services to you.

 

How do we gather your personal information?

We collect your personal information when you:

  • Contact us through our website
  • Contact us by telephone, or through mail or e-mail correspondence
  • Complete our initial meeting consultation form
  • Meet or participate in a video-conference with us
  • Open an account
  • Deposit funds
  • Provide financial data required for the development of a personal financial plan
  • Provide account information for analysis or investment management services

 

What personal information do we collect?

The types of information we may collect and maintain about you include:

  • Information we receive from you to open an account and provide services (such as your address of record, birthdate, Social Security number, telephone, financial information, and investment objectives.)
  • Information we generate to service your account or obtain from our transactions with you (such as account statements and other financial information).
  • Information on your transactions with nonaffiliated third parties.

 

What is our website usage privacy policy?

Our website may use “cookies” or other similar web tools to enhance your web experience that may also contain links to other websites, applications and services maintained by third parties. These tools enable us to recognize you when you return to our site, maintain your web session while you browse, as well as help us provide you with a better, more personalized experience at our firm.

 

Certain pages of our website contain forms that allow you to request information about our products and services. Our website also allows you to request support or ask us to update our records. In completing a form, you may provide us with contact information such as your name, email address and phone number. By submitting a form, you indicate your consent for Parr Financial Solutions Inc. to use this information. We may use the information in the forms to respond to your request and update our records so that future communication with you is accurate and appropriate.

 

How do we protect your personal information?

We take the security of your information very seriously.  We maintain physical, electronic and procedural controls to safeguard client records.  We have established practices that limit employee and 3rd party service provider access to information on a “need-to-know” business reason for accessing such information.  We educate our employees about the importance of confidentiality and customer privacy and take appropriate disciplinary measures to enforce employee responsibilities regarding client information.  While we follow generally accepted standards to protect personal data, no method of storage or data transmission is 100% secure.

 

How long is your data retained by our company and why?

Our record retention policy adheres to requirements established by the Investment Advisers Act of 1940 requiring a holding period of not less than five years from the end of the fiscal year during which the record was made.

 

Who do we share your personal data with?

The primary ways we may disclose your personal information, so we may provide financial and investment management services to you are:

  • When requested or authorized by you.
  • Disclosures to nonaffiliated companies as permitted by law, including those who help us service your account
  • Responding to a subpoena or other legal proceedings
  • Other limited disclosures as permitted by law; for example, required reports to government entities
  • If you terminate your relationship with us, we will continue to adhere to our privacy policies and practices.

 

Who has access to your personal data?

Third parties we use to provide support services are not permitted to use information about our clients for their own purposes. Nonaffiliated parties are contractually obligated to use such information only to perform the services we request and to otherwise maintain strict confidentiality of such information.  We will never rent or sell your personal information to third parties for marketing purposes.

 

 

What information may we disclose about you?

Sometimes it may be necessary for us to discuss financial matters on your behalf with other professionals on your team such as your estate attorney, CPA, insurance specialist, or other financial service companies.  When the need arises, we will ask for your permission.

 

How can I opt-out of communications from Parr Financial Solutions Inc.?

Please contact us if you would like to opt-out of further communications from our firm.  We will respect your privacy and remove you from our distribution list.

 

Please contact our firm if you have questions about our Privacy Policy.

 

Christopher P. Parr, CFP®

President and Chief Data Protection Officer

TEL: 410-740-9011

info@ParrFinancialSolutions.com

http://parrfinancials.wpengine.com