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Market Volatility and you

2018 has been a year of market craziness! Down hundreds of points one day, up hundreds of points the next. Some of you may be tempted to put everything in cash and walk away. Don’t do that! Here’s why:

  1. Diversification can be your friend. Is your portfolio well diversified? If so, then that’s a good start. I preach diversification as a key part of investing.
  2. Returns are never in a straight line. It’s normal to have ups, downs, and flat markets. Don’t sweat it.
  3. Down days due to superfluous news aren’t indicative of a bad market. Think about it this way – is the price of your stock down because of something bad with earnings at the company? Or was there something unrelated to your stock that hit the news cycle that caused the market price to take a temporary drop? If it’s the latter, then don’t worry about it.
  4. You shouldn’t have short term money in long term investments.

Keep these ideas in mind and don’t make rash emotional decisions. Your portfolio will thank you later!

The opinions voiced in this material are for general information only and are not intended to offer specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results.

There is no guarantee that a diversified portfolio will enhance overall return or will outperform a non-diversified portfolio. Diversification does not protect against market risk.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Independent Financial Partners. IFP is a registered investment advisor. IFP and Silver Key Wealth Management are separate entities from LPL financial. Ms. Herman may only discuss and/or conduct transact securities business with residents of FL, MI, GA, NC, NJ, SC, TX.

photo credit: Elias Levy

 

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What is a Leading Economic Indicator and Why is it Important?

Often, investing terms can make you feel like you are lost in a maze of strange vocabulary. Today I thought I’d tackle one that people talk about on the news frequently.
Leading Economic Indicators
A leading economic indicator is a tracked measurement of economic activity. It’s called leading because these indicators can be used as a tool to help predict how the economy and markets may change in the future.
Why are they important
Economists look at the trends of different leading indicators to see what industries are performing well or are in decline. Leading indicators are one of many precursors as to how the economy may react in the future.

Indicators include:
• Building Permits
o If more new houses are being built, people have money and feel confident in their current financial situation.
• Unemployment claims
o If unemployment goes down, more people have jobs.
• Inventory changes
o If inventories go down, that means that people are purchasing the goods
• Average weekly hours, manufacturing
o If weekly hours go up, that means the manufacturing plants have more orders to build
• Manufacturers’ new orders, consumer goods and materials
o More new orders means more demand
• Manufacturers’ new orders, nondefense capital goods excluding aircraft orders
o More new orders from businesses means more manufacturing and industrial needs
• Stock prices
o Stock prices go up when consumer sentiment is high and earnings are good.
• Bankruptcies
o If bankruptcies are down it means that less people are having financial issues
• Retail Sales
o People buy more retail items when they have more discretionary income
So the next time you hear a new report about the economy and they discuss leading indicators, you’ll have better idea of what they mean. Plus, you’ll look really smart at your next cocktail party!
How are you feeling about the economy at the moment?

Sharon L. Herman AAMS, ADPA is the CEO of Silver Key Wealth Management, and affiliated with LPL Financial. www.silverkeywealth.com
The opinions expressed in this material do not necessarily reflect the views of LPL Financial.
Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Silver Key Wealth Management, an independent investment advisor. Silver Key Wealth Management is separate entity from LPL financial.
Ms. Herman may only discuss and/or conduct transact securities business with residents of FL, MI, GA, NJ, VA, TX. www.finra.org www.sipc.org

Photo Credit: Niki Odolphie

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Downsizing Your Life Part II

Why do I have so many coffee cups? Some were gifts, some were souvenirs, others, I have no idea where they came from. I think that there is a magic number of coffee cups to have. For me, it is 6. Really, that’s all I need. There are two of us that drink coffee. So, if we have six cups that’s enough for us and company. If I need more than that, then it’s a party. If you have party, then you go with disposable cups. That’s my motto. So which six cups do you keep?

I think people are afraid to let things go for sentimental reasons or out of guilt. If a friend buys you a coffee cup for your birthday and you don’t need it, what do you do? Keep it and let it clutter up your cabinet? You can’t toss it. You certainly can’t say “No, thanks”.  I end up keeping it for a while, then I pass it on to the donation pile. I know that people feel guilty about that. I mean, your friend spent good money on the gift. You don’t want to look like you are throwing money in the trash or being disrespectful. You aren’t. Really. It’s a nice thought and all, but really, it’s more stuff you don’t need.

There are those who feel that gift cards are lousy gifts. I don’t think so. I’d rather give someone a gift card to the movies or their favorite restaurant than stick them with another useless thing they don’t need. Just a thought.

 

Sharon L. Herman AAMS, ADPA is the CEO of Silver Key Wealth Management

The opinions expressed in this material do not necessarily reflect the views of LPL Financial.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Independent Financial Partners. IFP is a registered investment advisor. IFP and Silver Key Wealth Management are separate entities from LPL financial.

Ms. Herman may only discuss and/or conduct transact securities business with residents of FL, MI, GA, NC, NJ, VA, TX. www.finra.org. www.sipc.org

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Downsizing your life – Part 1

We recently moved. Our house is slightly smaller.  I mean, it’s just 200 square feet smaller. But during the process, I tossed out and donated a bunch of stuff. I’ve never been one for having a ton of things, or so I thought. Over time, you collect stuff.  It happens.  It was very freeing to get rid of things. For some reason, having too much stuff was stressing me out.

I started with clothes. I went through all of my clothes. Have I worn it? Do I like it? It was amazing how much I was willing to let go, when I let myself. I know that sometimes we fall victim of the mental game of “it’s a perfectly good blah, blah, blah” or “I might need this down the road”. Well, if it’s perfectly good and you haven’t worn it, and know you won’t wear it, donate it. I donated at least 10 pairs of shoes and I don’t know how many shirts.

There are so many places that take clothing donations. Women’s shelters, the Humane Society, etc. Find a cause that you like and donate your clothes. It will make you feel good to be free of things you don’t use. It will make you feel good to help a worthy cause. It’s ok if you part with it. Honest.

 

Sharon L. Herman AAMS, ADPA is the CEO of Silver Key Wealth Management

The opinions expressed in this material do not necessarily reflect the views of LPL Financial.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Independent Financial Partners. IFP is a registered investment advisor. IFP and Silver Key Wealth Management are separate entities from LPL financial.

Ms. Herman may only discuss and/or conduct transact securities business with residents of FL, MI, GA, NC, NJ, VA, TX. www.finra.org. www.sipc.org

 

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We’ve Moved!

Effective May 4th -We’ve Moved!

Same great service, just at a new location!

Please note our new address and phone number

 

Sharon Herman/Silver Key Wealth Management

2325 Armour Dr.

Dunedin, FL 34698

Office Phone: 727-470-9192

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What Just Happened???!!!

The first quarter of 2016 just finished and some of you were in a panic. The market had a pullback and it left many of you bewildered.

No need to panic if you are following the philosophy below:

  1. Be well diversified. Not every sector can do well every year. That’s why you need to “spread the love” amongst many different types of holdings
  2. Rebalance – not only do you need to be diversified, but keep the right amount investments in the right proportions. Have a professional help you calculate what the ratios should be.
  3. Invest for the long term. Keep your long term money in long term investments; keep your short term money in short term investments. Don’t worry if the long term investments take a dip in the short term!
  4. Buy quality investments. A good investment is a good investment, even if the market takes a short term dip.
  5. Talk to a financial advisor if you feel that you need some help!

There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.

Sharon L. Herman AAMS, ADPA is the CEO of Silver Key Wealth Management

The opinions expressed in this material do not necessarily reflect the views of LPL Financial.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Independent Financial Partners. IFP is a registered investment advisor. IFP and Silver Key Wealth Management are separate entities from LPL financial.

Ms. Herman may only discuss and/or conduct transact securities business with residents of FL, MI, GA, NC, NJ, VA, TX. www.finra.org. www.sipc.org

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Sharon Herman – 2016 Business Person of the Year

Congratulations to Sharon Herman who has been named the 2016 Businessperson of the Year by the TBGL Chamber of Commerce!
Nominees were considered based upon a community open nomination process and ultimately chosen through chamber votes. These inspirational business professionals were selected based upon their successful track records and community involvement. The finalists excel in their field and proudly represent their company in LGBT and mainstream communities.

It is an honor and a privilege to be chosen for this award. I am very appreciative to all who made this happen.
Thank you so much!
Sharon

Sharon L. Herman AAMS, ADPA is the CEO of Silver Key Wealth Management, and affiliated with LPL Financial. www.silverkeywealth.com
Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Silver Key Wealth Management, an independent investment advisor. Silver Key Wealth Management is separate entity from LPL financial.
Ms. Herman may only discuss and/or conduct transact securities business with residents of FL, MI, GA, NC, NJ, VA, TX. www.finra.org. www.sipc.org

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Sharon Herman – Business Person of the Year Finalist

Sharon Herman is a Business Person of the Year finalist. The Tampa Bay Gay and Lesbian Chamber of Commerce (TBGLCC) has nominated Sharon to be considered for the Business Person of the Year. The winner will be announced on Saturday, January 16th at the Diamonds Awards Gala. Tickets to the Gala can be purchased here!

We are honored to be considered for this prestigious award. Thank you, TBGLCC!

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Where will mortgage rates be in 12 months?

One of the biggest questions plaguing the current housing market is where mortgage interest rates will be at this time next year.
Over the last two months, rates have begun to creep up (see chart).

edgar june 2015 mtg rates

 

Though we don’t like to project rates moving forward, we do want you and your family to have the information you need in order to decide whether to wait before buying your first house or moving up to your ultimate dream home.
Here are the most current mortgage rate projections from Fannie Mae, Freddie Mac, the Mortgage Bankers’ Association and the National Association of Realtors. Click on the pic to see the full chart.

edgar june 2015 mortgage rate projection chart.png

Projecting interest rates is not easy. So what should you do – do it now or wait? We like the advice Doug Duncan, senior vice president and chief economist at Fannie Mae, recently gave:
“The rule for when is it time to buy is always the same: given your household budget and where current interest rates are, if it makes good financial sense to take out a home loan today, then today is the day to do it.”
Bottom Line
If you are ready, willing and able and are thinking of buying a home over the next twelve months, waiting may not make sense.

Make sure you grab your free copy of our recently published home buyers ebook by clicking here.
You can obtain for free a live mortgage rate quote or schedule your pre-application consultation by contacting us.If you have any questions you can also email me at edgar@ownproperty.us or contact us directly 813-299-8962
If you felt this Tampa Bay Home Mortgage Post was helpful please comment, like and share with all of your friends on face book and twitter.
Thank you in advance.
Edgar DeJesus, NMLS#230414
Mortgage Loan Originator

Edgar DeJesus, Tampa Bay Home Mortgage and DeJesus Mortgage are a separate entity and are not affiliated with Silver Key Wealth Management or LPL Financial.

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