The Joseph Group

Wealth Notes: Year: 2016

Wealth Notes is a regular digest provided to you: our valued clients and friends. Our goal with each issue of WealthNotes is to provide you with two perspectives on wealth: one that aims to inspire and the other that aims to inform.

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  • Will the Buck Stop Here?

    December 23, 2016

    Earlier this week, we ended our 2016 monthly series of “Portfolios at Panera” talks with a market recap event at The Joseph Group’s offices.  We reviewed each major asset category and talked about “What did we do (in portfolios in 2016)?” and “What is our view (outlook for each asset class in 2017)?”  One of the items we discussed was the underperformance of foreign stocks relative to U.S. stocks since the election and the answer was surprising.

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  • Do Rising Rates Make Bonds More “Interest”-ing?

    December 16, 2016

    As widely anticipated, earlier this week the Federal Reserve increased its target for short-term interest rates by 0.25% (from 0.25% to 0.50%).  The move was well telegraphed – prior to Wednesday’s meeting, the market (Fed Funds futures) were pricing in a near 100% chance the rate hike would happen. What remains uncertain though is the Fed’s path for rate hikes in 2017. What does all of this mean for bonds?  After all, when interest rates go up, bond prices go down. 

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  • Godspeed, John Glenn

    December 14, 2016

    Undoubtedly the life of John Glenn has inspired all of us. In memory and honor of this man’s humble and generous spirit, we share a reflection by Columbus Foundation President and CEO Doug Kridler. Godspeed, John Glenn!

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  • Christmas in an Envelope

    December 1, 2016

    Though the story shared with you today may have some age, its message is timeless. Published on December 14, 1982 was the story winning first place  in a popular magazine’s contest, “My Most Moving Holiday Tradition.” It has not only encouraged families to adopt the tradition in their own home, but also inspired an Atlanta, Georgia family to start Giving101, a nonprofit passionate about unleashing the amazing power of contagious giving. May we remember throughout the season to give from the heart and remember Mother Teresa’s words, “It’s not how much we give, but how much love we put into giving.”

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  • Small Cap Rally is No Turkey

    November 23, 2016

    The Small Cap rally is no turkey. In the two weeks since the U.S. presidential election we have seen wide swings in different areas of the financial markets, but one of the clear winners has been U.S. Small Cap stocks.  Why have they “trumped” the performance of other asset classes?

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  • Thanksgiving with a Child’s Heart

    November 22, 2016

    As we celebrate a time to count our blessings and shift our hearts to the gifts and graces that flow into our lives every day, we share with you a story of one family’s Thanksgiving ritual; the gratitude tree. May it encourage us all to take time during this busy season to express all that we have to be thankful for in our lives today and every day thereafter. 

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  • A Wounded Warrior’s Hope and Healing

    November 18, 2016

    Earlier this month we celebrated Veterans Day, a holiday dedicated to American veterans of all wars. We share with you today a story that reminds us their service and dedication to our country is one to honor on November 11th and every day thereafter. Currently, there are only five surviving veterans of the Iraq and Afghanistan wars that have quadruple amputations; Retired United States Staff Sergeant Travis Mills of the 82nd Airborne is one of them.

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  • (Some Areas Of) the Market like Trump as President

    November 11, 2016

    On Monday we wrote Wall Street wanted Hillary to be President…and that was clearly true at the beginning of the week through about 2:00 a.m. on Wednesday morning.  As election results came in and states were being “called,” the Dow Jones Industrial Average was down as much as -850 points in the overnight session as it became clear Donald Trump would become President of the United States. Two days do not make a market trend, but we share some of our key observations from actions in various areas of the market the last two days since Trump was named as President-elect.

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  • Bright New Leaders

    November 2, 2016

    A year ago, Jeff Greenley was working as a lawyer in the Ohio attorney general’s office. Now, he and his wife and two children live in southeastern Ohio for his new job as Director of Human Resources for the Switzerland of Ohio local school district, in the heart of Appalachia. Greenley is one of the 32 graduates from the first class of Bright New Leaders for Ohio Schools, a program for mid-career professionals with a desire to change careers and use their skills to help struggling school districts throughout the state.

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  • With a Little Work, Your Investments Don’t Have to Be Ugly

    October 28, 2016

    Earlier this week an article from Bloomberg.com titled “The Next 10 Years Will Be Ugly for Your 401(k)” circulated on Apple news. The article is based on research from California-based Research Affiliates and concludes that in an environment of low interest rates for U.S. bonds and high valuations for U.S. stocks, the outlook for future returns from those asset classes is low. Specifically, the article goes on to state that an investor has a 0% chance of earning a real (after inflation) annualized return of 5% over the next 10 years. Our team shares three main thoughts in regard to this article.

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