Insight and Events
Affiance Financial is pleased to share the following article by Steven E. Warren, CPA, MBT. Mr. Warren practices accounting and consulting at Schechter Dokken Kanter, a Minneapolis CPA and consulting firm. Mr. Warren can be contacted at email@example.com or 612-332-9391.
Event recording from January 28, 2019.
It’s another new year, and this time you are ready. You have taken the time to create a budget and give each dollar a job. You might even be using an app to track your spending. This is going to be your most financially organized year yet! When all of a sudden, something happens. Something we call the certainty of uncertainty.
There is a rumbling amongst the younger segment of the population. Most notably, the Millennials, who are in the process of trying to turn the traditional idea of retirement on its head.
With help from think2perform.
As part of our recent BFA™ training, the advisors at Affiance Financial teamed up with think2perform to help increase the ways that we can help you, our valued clients. One key concept that think2perform teaches advisors is the Smart Money Philosophy.
We believe the stock market’s 10% decline from the September 20th high is due to a confluence of three major fears for investors. First is the fear of rising interest rates and the Federal Reserve Bank’s monetary policy. Second is the fear of slower corporate earnings growth. Third is the fear of trade wars, especially with China. We believe that recent stock market weakness reflects temporary risks and is NOT a precursor to deeper economic problems.
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