Investment Review & Commentary 2020 Q2

The following presents a brief description of our Investment Review 2020 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 2020 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 include Barclays, Morning Star, S&P 500, Dow Jones, Russell 2000, MSCI, and US Treasury.

Market Recap on Page 2 covers the meteoric stock market rise, boosted by the unprecedented amount of government fiscal and monetary stimulus, the bond market decline so far in 2020, and the only sectors delivering positive returns, that is technology, consumer discretionary and healthcare.

Market Outlook on Pages 3 & 4, covers the COVID-19 recovery (uneven), US economic outlook (contracting in 2020 and expanding in 2021), US Government payback on the massive borrowing/spending during the health crisis to avert economic disaster, a drop in global economic output and favorable outlook for Gold.

Investment Strategy and Portfolio Update on page 5 covers PSFI’s asset class model update, inflation outlook, portfolio positioning, and fixed income strategy.

News on page 6 provides an excerpt, my quote, in a recent New York Times article on 529 college savings plans, some highlights on the 2020 Cares Act, and more.

To read the comprehensive investment report CLICK HERE

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.

New York Times – Stock Market Turmoil Took Toll on 529 College Accounts

 

 

Christopher Parr was quoted in an article on 529 College Savings Accounts by in The New York Times Money Advisor section.  The piece examined the toll the virus-induced stock market turmoil has taken on 529 college savings plans heavily weighted in stocks.

Christopher Parr, a financial planner in Columbia, Md., suggests families carefully consider their risk tolerance and opt for a less aggressive approach if market gyrations are too hard to stomach. “Be sure to understand your plan’s stock allocation, especially as college nears,” said Parr,  “Most people don’t know what’s going on under the hood,” he said.  If you expect to be paying tuition in the near future, he said, “That money doesn’t belong in the stock market.”

Read the full May 29, 2020, New York Times article: Stock Market Turmoil Took Toll on 529 College Accounts

Investment Review & Commentary 2020 Q1

The following presents a brief description of our Investment Review 2020 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 2020 Q1 ~ 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 include Barclays, Morning Star, US Treasury, DJIA, S&P 500, Crude Oil – U.S. Nymex, Gold, U.S. Dollar WSJ Index, and U.S. PCE.

Market Recap on Page 2 covers the jolt the economy took in mid-January when the deadly Coronavirus outbreak in China became public; the mid-February U.S stock market peak just before news of the virus spreading into other countries, and the market corrections on the news and the Federal Reserve actions to stabilize it. Also covered was the $2.3 trillion government stimulus package announcement in mid-March, a market rally and finish to the 1st quarter down nearly 20%.

Market Outlook on pages 3 to 5 the repercussions of a worldwide pandemic on the U.S. and the global economy are covered in great detail, noting that views are dynamic and will evolve as the crises play out.  A realistic barometer, for 10-year stock market returns, reviewed is Robert Shiller’s cyclically adjusted P/E ratio based on a trailing 10-year average. Also covered are the impact of the Fed’s Quantitative Easing and the outlook for Gold and the U.S. Dollar.

Portfolio Update on Page 6, covers Asset Class Model and Fixed Income updates, Portfolio Positioning, 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 Q4

The following presents a brief description of our Investment Review 2019 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 2019 Q4 ~ 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 include Barclays, Morning Star, US Treasury, Dow Jones, and S&P 500.

Market Recap on Page 2 covers several topics including a U.S. economy that finished the year with its strongest performance since 2013, up over 31%; resilient consumer spending that kept the economy chugging, bonds and gold that ended the year up and the top-performing sectors for the year, all growth sectors, that were communications, technology, and financial. Find investment review and commentary on these and other topics in the Market Recap.

Market Outlook on Pages 3 and 4 paints a healthy U.S. economy with expansion expected to continue in 2020, resilient consumers on better financial footing than they have been in years, a U.S. China trade war that has Europe bottoming out, modest outlook for returns on stocks, and a Fed that doesn’t expect to raise interest rates in 2020.

Investment Strategy & Portfolio Update on Page 5, provides strategy and updates on PSFI Asset Class Model, Portfolio Positioning, and Fixed Income Strategy.

PSFI News on Page 6 includes 2020 Highlights of Selected Tax Items, key changes in the retirement system enacted by Congress in a major overhaul 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 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.

Parr Financial Solutions Inc. Named A Top Financial Advisor in Baltimore for 2nd Consecutive Year by Expertise.com

PRWeb Release – Columbia MD March 1, 2018 Parr Financial Solutions Inc., an independent, fee-only,wealth management firm serving clients nationwide, was named a Top Financial Advisor in Baltimore for the 2nd year running. Christopher P. Parr CFP®, PFSI President/CEO and owner of an independent financial advisory firm for over 25 years, said: “it is gratifying to receive recognition as Top Financial Advisor in Baltimore again in 2018.” PFSI is among the 18 selected, of 163 judged, for the merit-based Expertise.com award.

merit-based Expertise award badgeBest Financial
Advisors in
Baltimore
2018

“Parr Financial Solutions is dedicated to providing objective, unbiased advice as fiduciaries in the best interest of its clients,” says Parr. “We specialize in managing investment risk, developing customized retirement plans with income distribution strategies, and in estate planning helping clients manage generational transfers of wealth.”

The merit-based award process is conducted by Expertise via a proprietary research and selection process. Only publicly available data is analyzed. Key factors weighed include reputation, credibility, experience, professionalism and availability. The goal is to connect people with the best local experts. Unlike the many ‘pay-for-play’ awards, an Expertise award is based purely on merit.

About Parr Financial Solutions, Inc.

PARR Financial Solutions, Inc. is independent Fee-Only Financial Advisor and Wealth Management firm helping clients define and achieve their long-term financial goals with a customized investment management strategy and a pro-active financial planning approach. Based in Columbia, Maryland, in the heart of the Baltimore – Washington corridor, PFSI serves clients across the country.

President and CEO Christopher P. Parr, CFP® has been an owner of an independent financial advisory firm for over 25 years. He is past chair of the Howard County Pension Oversight Commission where he was appointed by successive County Executives, approved by the County Council, and served 2 voluntary 5-year terms from 2004 -2013 with responsibility for overseeing over $650 million of county pension assets.

Parr is a Certified Financial Planner and a member of the National Association for Personal Financial Advisors (NAPFA), the leading professional association for fee-only financial advisors. Worth magazine chose him as one of the country’s 250 Best Financial Advisors four times. Parr has written articles for national publications, the Baltimore Business Monthly and has been quoted in the Wall Street Journal, the Washington Post, Baltimore Sun, Forbes, Bloomberg, Investor’s Business Daily and other major publications.

 

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