Client Axiom | Vol 268
World Events, Stocks Showing Volatility, & Delta Are Top Of Mind
Meet The Axiom®’s Guest Editor: David G. Batten, CFP®, CIMA®, CRPS®
I’m David Batten, one of the Wealth Managers here at Annex Wealth Management.
In my role with the firm, I have the pleasure of working directly with some of our clients to hear & understand what is meaningful to them and help them make well-informed financial choices as they go through life. Helping the individuals and families I have the honor to work with make impactful decisions in their lives is the most rewarding part of my work. None of us know how life will unfold but having the financial flexibility to roll with the changes certainly can help take some of the stress away and hopefully make the journey more enjoyable.
As recent empty nesters, my wife and I are enjoying a new phase of our life together, finding lots of adventures to experience and learn from.
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“From my perspective, the Axiom is a terrific way to not just be updated on what happened in the investment markets during the past week, but also to learn more about important topics that we should all give some thought to from time to time. Annex Wealth Management’s commitment to being a clear & credible source of insight & knowledge is on full display each week with the Axiom.”
– Guest Editor: David G. Batten, CFP®, CIMA®, CRPS® | Wealth Manager
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World Events, Stocks Showing Volatility, & Delta Are Top Of Mind
Even after a good week in the markets, investors continue to be concerned about Delta, world events of the past week cause concern, and the upcoming discussions involving potential tapering by the Fed are on the horizon. Annex Wealth Management’s Dave Spano and Derek Felske discuss the great end of the summer earning season and the upcoming Federal Reserve meetings and what the results could mean.
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Fishing: The Age-Old Sport With Modern Benefits
Pick up a rod and reel; let’s get out there.
There is nothing quite like having a singular purpose. One simple goal you are trying to achieve and one that has no deadline. The task is simple, and the execution is easy. Or at least, that’s what we hope for every time we head out to the water.
You know, they say a bad day of fishing is better than a good day doing anything else. The mysterious “they” must really love fishing, and we sure appreciate the enthusiasm!
Unique to this sport, you can make it as simple or as complex as you want – the object is still the same. You can stand at the shoreline with a rod and some bait, or even a spool of fishing line with a hook on one end if you really want a challenge. On the other hand, you can be floating in a boat with a sonar fish finder, four different rods mounted to the back of your flat deck boat, and all the gear you could ever need and then some. Either way, or somewhere in between, at the end of the day catching that elusive fish is what you’re out there for.
Have you ever noticed after an afternoon of fishing, you just feel better? Well, you aren’t alone, and science has proven it! And if you put aside the fact that maybe you didn’t actually catch anything worth keeping, there are plenty of mental and physical benefits to make it absolutely worth it too. As if you needed any more reasons to take the day off to go fishing, here are a few more for you to use:
Focus and awareness. The focus and awareness needed to continually watch your line and feel for the tug of a bite can set your mind on one single task, reducing anxiety and promoting relaxation as your mind has a chance to slow down. We can agree that this is something most of us need more of in our lives.
Vitamin D and fresh air. We could get buried under the pile of studies and research out there that proves the many benefits of vitamin D and fresh air – like boosting your immune system, clearing your lungs with clean air, and improving heart, bone, and brain health to name a few.[1] We thought we’d just state that again: fresh air and sun can only benefit your mind and body, and being in nature increases energy levels too. So even if you don’t catch anything, your body will thank you just for being out there.[2]
A series of studies showed regular exposure to nature helps to lower cortisol levels, the hormone known to cause stress. And even further, a study done in 2009 with combat veterans also showed fishing significantly lowered the symptoms of PTSD and also aided in better sleep. [3] That alone makes it worth it!
No distractions. With so many ways to be distracted in today’s tech savvy world, being out on the water with no reception might actually be the best thing to happen. Too often with phones and computers we jump from screen to screen, checking this, looking up that, taking pictures, playing games, and we miss what is around us. The world hasn’t lost its wonder and beauty, we’ve just stopped looking so closely. So, next time, try not to be frustrated when you can’t post your selfie with the fish right after you’ve caught it and take in the view instead.
Concentration and patience. Fishing also can help to increase concentration and patience. The fish are on their own timeline, and you have to wait for them to decide to bite and then be ready when they do. Yes, this may actually take some practice.
Choose your activity level. There are several ways to fish, some more active than others. You can always stand along the shoreline, pier, or in the water, but you can also be in a boat, on a kayak, or even hike or bike to a remote spot which adds much more physical activity to your fishing trip. While fishing itself doesn’t require great physical strength, you can still burn an extra 200 calories or so per hour with the pole in your hand and the low-impact benefits keep your shoulders, core, back and neck muscles loose.[4]
Lots of nutrition. If you like fish, keep what you catch! The benefits of having fish in your diet are numerous. Omega-3 fatty acids found in fish are marvelous; good for your eyes, skin, heart, and joints, catching and keeping your fish for your next meal gives your trip an added bonus your body will love. [5]
We’re not telling you that you should take the day off to go fishing, but we will say that these benefits speak for themselves. We’re ready to get out on the water too, so grab your license, fully loaded tackle box, fishing pole, and cooler for “fish” and let’s go!
[1] https://www.healthline.com/health/food-nutrition/benefits-vitamin-d#_noHeaderPrefixedContent
[2] https://guidesly.com/fishing/blog/8-ways-fishing-keeps-you-healthy
[3] https://www.outsideonline.com/health/wellness/fishing-can-make-you-happier-and-healthier/
[4] https://www.ontarioparks.com/parksblog/health-benefits-fishing/
[5] https://www.huffpost.com/entry/benefits-of-fishing_n_5754408
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It’s a good rule of thumb to review your will every four to five years, even if you don’t think anything is different. This helps ensure your family stays protected and your final wishes are respected.
Poll: Have you updated your will recently?
Oops! We could not locate your form.
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We provide education at your fingertips.
Education for our clients is a priority for us, and we want to make sure that you’re aware of the resources that we’ve created specifically for you on a variety of key financial topics. Whether you need this information now or in the future, we’ve recorded versions of our webinar presentations just for you so that you can review the information at any time.
To view all our current educational videos, visit our site and click on the Client Center button in the top right corner of the page. From there, click Client Educational Series Videos to see the different topics we have to offer. If you have any further questions about these topics and how they fit into your financial plans, contact your Wealth Manager and they will be happy to help get you the answers you need.
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This week’s Ask Annex comes from Sue, who asks:
“Is Market Volatility A Result Of Fed & Policy Changes?”
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We asked Annex Wealth Management’s Todd Voit, PhD:
Your question correctly refers to “changes” in Fed and policy, which could explain some of the volatility in the market, but these have more long-term effects on market volatility. Anticipation of Fed policy changes probably more correctly explains short-term effects on market volatility.
Another important stimulus for volatility: economic surprises. What I mean by that is every day, economic data is reported. Many investors pay attention to three groups of data:
1. Actual data
2. Consensus (or expectations)
3. Prior data
Economists review these data to calibrate their estimates and determine implications on where the economy will be over the next 6 to 12 months. They also try analyze and see if there’s a discernable economic or market trend.
Surprises occur when actual data disagrees with perceived trends or future predictions. For example, economists will study corporate profits, which tend to be a link between the economy and markets. The question investors seek to answer is what effect new information will have on corporate profits in the future.
– Todd Voit, PhD
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KNOW THE DIFFERENCE MINUTE:
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KNOW THE DIFFERENCE MINUTE:
American Household Debt At Highest Number In 14 Years
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What’s a Mega Backdoor Roth? | Mega Backdoor Roth definition
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