The Signature Life Show

October's Market Update with John Chidwick and Chuck Foresyth, CFP®

Fri, 04 Oct 2024 09:00:00 -0500

"We've had a change in posture with interest rates, 2 presidential debates, 3 candidates, and 2 assination attempts since the last time we talked! " -Chip Munn, Senior Wealth Advisor, RJFS

"You know, the old saying 'more money is lost preparing for the recession than the recession itself.' Sometimes not making a change is actually making a change. Let's wait to see how things play out, because a lot of times it's not what we think it's going to be." -John Chidwick, Senior Wealth Advisor, RJFS

Disclaimer: Opinions expressed in the attached article are those of the author and are not necessarily those of Raymond James. All opinions are as of this date and are subject to change without notice.

The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation.

The information contained in this video does not purport to be a complete description of the securities, markets, or developments referred to in this material.

Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.

Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary.

Investments mentioned may not be suitable for all investors. The material is general in nature. Past performance may not be indicative of future results.

July's Market Update with John Chidwick and Chuck Foresyth, CFP®

Fri, 12 Jul 2024 09:00:00 -0500

"We must go back to January when we forecasted the year…. I was optimistic about the upcoming year but didn’t think it would be as good as it has been. The S&P year to date is up 15%…." -John Chidwick, Senior Wealth Advisor, RJFS

The information contained in this video does not purport to be a complete description of the securities, markets, or developments referred to in this material.

Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.

Investments mentioned may not be suitable for all investors. The material is general in nature. Past performance may not be indicative of future results.

April's Market Update with John Chidwick and Chuck Foresyth, CFP®

Thu, 11 Apr 2024 09:00:00 -0500

"March was the 5th straight month that the S&P 500 rallied 1% or more in a calendar month... The market has been off to a good start this year after a bounce back at the end of last year." -John Chidwick, Senior Wealth Advisor, RJFS

Disclaimer: Any opinions are those of John Chidwick, Chuck Foresyth and Chip Munn and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. The information contained in this podcast does not purport to be a complete description of the securities, markets, or developments referred to in this material. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Past performance may not be indicative of future results. Future investment performance cannot be guaranteed, investment yields will fluctuate with market conditions. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Prior to making an investment decision, please consult with your financial advisor about your individual situation.

December's Live Market Update with CIO, Scott Mitchell

Tue, 20 Dec 2022 09:00:00 -0500

"We’re about to ring the final closing bell for 2022, and what a year it’s been. Given the number of drastically bad events this year, like the war in Europe and near-record inflation, we’re lucky that it wasn’t worse for the stock market. Still, it’s likely going to go down as one of the worst years ever for the bond market, as well as for balanced stock and bond portfolios.

For the remainder of the year, I think conditions are favorable for the market to move higher. A lot will depend on what the Federal Reserve does and says regarding interest rates when it meets mid-month. Economic data has been very mixed, with some looking like the economy is slowing down, while others pointing to an economy, especially the labor market, that is very strong." -Signature Wealth Group's Chief Investment Officer, Scott Mitchell, brings us the December 2022 Market Update.

Disclaimer: Any opinions are those of Scott Michell, Jonathan Tait, and Chip Munn and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. The information contained in this podcast does not purport to be a complete description of the securities, markets, or developments referred to in this material. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Past performance may not be indicative of future results. Future investment performance cannot be guaranteed, investment yields will fluctuate with market conditions. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Prior to making an investment decision, please consult with your financial advisor about your individual situation.

November's Live Market Update with CIO, Scott Mitchell

Mon, 28 Nov 2022 09:00:00 -0500

"As I’ve said before, this year has been especially difficult, as seemingly no investment strategy has worked. Both S&P 500 index of US stocks and the Barclays Aggregate Bond index are down more than 15% for 2022 as of November 8, and even gold is down this year. Within the stock market, only the energy (oil) sector has positive returns for the year. The other 10 sectors are all down, with communications services down an amazing 41%. Ordinarily, investors diversify their portfolios across stock, bonds, and alternatives since those assets tend to move in different directions, with the result being that investors experience a “smoother” experience. This year, though, that just hasn’t worked. " Signature Wealth Group's Chief Investment Officer, Scott Mitchell, brings us the August 2022 Market Update.

Set the Tone for a Healthy Holiday with Dr. Kahn

Thu, 03 Nov 2022 09:00:00 -0500

"A heightened sense of expectations creates a stressful holiday experience. We work so hard to make the holidays 'happy' for our families by making the perfect dinner, buying the best presents, or having the best decor. These heightened expectations are often the greatest source of our stress." - Dr. Kahn.

Dr. Kahn says that managing our expectations around the holidays and being willing to accept what happens will help us to have a more peaceful experience - not only during the holidays but in the rest of our lives. Focus on ways to make things good and find the positive. Use any unmet expectation to create an opportunity for good.

For example, if you have 10 people cancel last minute for your family dinner, make a trip to a local shelter and donate those meals to families in need. Changing the narrative and turning disappointment into opportunity takes practice, but it can be life-changing for you and those around you.

Thanksgiving Day, Christmas Day, and New Year's Eve are such special days, so the pressure builds on making things perfect on those days. With practice, we can remove the pressure from those days and become more flexible in enjoying the full holiday season with a positive attitude and optimistic perspective.

August's Live Market Update with CIO, Scott Mitchell

Fri, 26 Aug 2022 06:00:00 -0500

"We’ve seen a big and welcomed, rally in stock prices since the end of June. Since then, the S&P 500 index is up nearly 13%, and some of the laggards from early in the year have become the leaders. While that is great news, it still does leave the index down more than 10% for the year, and down about 4% over the past 12 months."

Signature Wealth Group's Chief Investment Officer, Scott Mitchell, brings us the August 2022 Market Update.

Divorced, 61 Years Old, $1M Invested: a Signature Life Plan Review

Fri, 19 Aug 2022 06:00:00 -0500

Recently divorced, Bobbie can envision a life for herself that she never had before – one filled with new paths to take and fresh opportunities for growth. But before she can set out, there are a few things she needs to consider as she reestablishes herself and her finances in light of her changing circumstances.

Facts about Bobbie:

Bobbie is 61 years old and hopes to retire at 65 and utilize her Social Security benefits
She has about $1.1 million in retirement accounts (401k and IRAs)
Her home is paid off and is worth about $900,000
She has little to no debt
This brings her net worth to about $1.8 million

Bobbie’s Signature Life Plan shows:

Spendable income of $30,000/year
Selling her home and moving to a new city where she will purchase a new home
The taxes and fees at her new home will cost her roughly $28,000/year
The HOA at her new home will cover unexpected expenses that may occur
She wants to take a trip every year for the next 20 years. Each trip will cost an average of $15,000.
Bobbie's Confidence Number is 77

Listen now to hear the strategies and solutions Chip and Jon use to adjust Bobbie’s plan to meet her retirement goals.

Safeguard Against Scams, Fraud, and Identity Theft

Fri, 05 Aug 2022 06:00:00 -0500

Identity theft, financial fraud and persistent scamming are as prevalent as ever. Contending with these risks and safe-guarding your assets is challenging in its own right. But having adult children or aging parents to keep an eye on can make your financial caregiving responsibilities even harder.

Proactively spotting things like changes in spending and cash usage, use of dormant credit cards, missed deposits, suspicious vendors or real estate title and lien changes can stop exploiters before a lifetime of savings is depleted.

July's Live Market Update with CIO, Scott Mitchell

Fri, 22 Jul 2022 06:00:00 -0500

"As we head into the second half of 2022, I wanted to take a moment to look back on what we have come through. For starters, the first 6 months of 2022 were the worst January-June period for the stock market since 1970. On top of that, US Treasury bonds, which are usually a safe haven in times of stock declines, lost about 11% in the first half, according to an ICE Bank of America index that tracks intermediate-term Treasury bonds. Let’s don’t forget inflation, which by many measures has risen at its fasted pace in about 40 years. Unfortunately, this all adds up to pretty miserable investment markets so far in 2022."

Signature Wealth Group's Chief Investment Officer, Scott Mitchell, brings us the July 2022 Market Update.

The Great Resignation

Fri, 15 Jul 2022 06:00:00 -0500

A report by Monster.com found 95% of workers are considering changing jobs. Women – disproportionately affected by job loss during the pandemic – may have even bigger opportunities as demand for talent outweighs supply.

Listen in as Chip and Jon break down the reality of what has been dubbed The Great Resignation.

What the Work-From-Home Boom Means for Our Future

Fri, 08 Jul 2022 06:00:00 -0500

In today's episode, Chuck Foresyth (CFP® and Wealth Advisor) joins us to discuss the work-from-home boom's longevity and how it is changing the landscape of everything from jobs to housing and family. The US economy is now a working-from-home economy. But what does that really mean for us?

35,000 Decisions a Day

Fri, 01 Jul 2022 06:00:00 -0500

Many sources estimate that an adult makes about 35,000 remotely conscious decisions each day. In today's episode, Chip and Jon discuss the process for making decisions, understanding decision fatigue, and what longterm decisions can impact our lives in a big way. They ask why we make the decisions we make and how those affect the people around us. Listen in as they dive into how they help clients make decisions in the best interest of their financial future and legacy.

'A decision in and of itself is an act of power, simply because you have the ability to do so.' - Jon Tait

Money Lessons We Learned From Our Parents

Fri, 24 Jun 2022 06:00:00 -0500

We all learn how to handle money from our parents. From chores, allowance, and your first job to bank accounts and investing.

Maybe your parents passed along good advice that's really helped you find success in your finances. Or, perhaps you've learned what NOT to do with your money from their example.

In this episode of The Signature Life Show, Jon and Chip share what they learned as young men starting to understand the difference between their wants and needs and how to earn a living.

June's Live Market Update with CIO, Scott Mitchell

Fri, 17 Jun 2022 06:00:00 -0500

"There’s a great deal of fear around a recession, and I think that there is a better than average chance of a mild recession next year. The definition of a recession is 2 consecutive quarters of US economic contraction, so it’s not the sort of thing you can know about until after you’re in it. The economy has to balance growth and inflation. Push growth too high, and eventually, inflation will get too high, too. Like with driving a car, this trade-off works well for short periods of time. But if you keep the pedal down too long, adding too much fuel, then the engine (or in this case, the economy) will overheat. A recession often occurs after this overheating, which in turn lets the economic engine cool off and can reset growth and inflation expectations."

Signature Wealth Group's Chief Investment Officer, Scott Mitchell, brings us the June 2022 Market Update.

Market Volatility and Investor Behavior with John Chidwick

Fri, 10 Jun 2022 06:00:00 -0500

In today's episode, John Chidwick (Senior Wealth Advisor) joins us to discuss stock market reactions to upside and downside volatility. Simply put, John wants to remind us that market volatility can create opportunity.

"The true investor welcomes volatility ... a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses." Warren Buffett

Listen in as we discuss the recent college graduations of our children, and how those emotions compare to the volatility in the markets.

Q: How Do I Adjust My Budget for Inflation

Fri, 03 Jun 2022 07:45:00 -0500

One of the biggest worries for Americans right now is inflation. Our money isn't stretching as far, and we're feeling it - whether at the pump or in the grocery store, prices are higher. In this episode, Jon and Chip discuss how they're making adjustments in their homes to adjust as costs rise. Having a plan for your money - a budget - is crucial in reducing financial stress and dealing with inflation.

Relationships and Retirement, What Happens When Work Ends?

Fri, 27 May 2022 06:00:00 -0500

What happens to your relationship when work ends? Even more complicated may be what happens when work ends for only one person in your relationship? From daily activities to your sleep schedule... everything could change.

In this episode Chip and Jon discuss a situation they recently heard from a couple who was trying to navigate the changes in their relationship when moving into retirement.

Communication, expectations, planning, and a little grace.

"Who retires from work to do...chores?!" - Chip

May's Live Market Update with CIO, Scott Mitchell

Fri, 20 May 2022 06:00:00 -0500

Listen in to hear the only podcast this week to mention Warren Buffett, Mike Tyson, and roller coasters….

"Portfolios have been difficult to manage this year since we haven’t been able to hide from the stock market correction in bonds, so account values may be down. We could get a bit of a break, though, as investor sentiment is very poor…this is often a contrary indicator for stock prices, meaning that we could get a short-term boost in stock prices. My recession indicators are not flashing yet, so I don’t think there is an imminent recession. And I think we could get some relief on the inflation front, as I expect the really high inflation readings to abate. Corporate earnings reports have generally been good, so I think that the fundamental backdrop for stocks and the economy is still favorable."

Signature Wealth Group's Chief Investment Officer, Scott Mitchell, brings us the May 2022 Market Update.

Money is a Magnifying Glass - For Better or Worse, with Zach Hearne

Fri, 29 Apr 2022 06:00:00 -0500

"I see money as being a magnifying glass for everyone. Our habits, our beliefs, our thought processes towards money, generational ideas on how it was viewed, and how it was valued are all inside of us, and a lot of times those are positive things. But there are also some negative things that can come along with it.

So in managing clients' finances - the physical and emotional component of it - we're helping our clients understand their beliefs and values on money and how they can be magnified as we go through this journey with them. What will that magnify and bring to light down the road? How can we plan and adjust for that?" -Zach

Q: When And How Can I Indulge Responsibly?

Fri, 22 Apr 2022 06:00:00 -0500

"I've done my Signature Life Plan, I feel very comfortable in my day-to-day and I'm very comfortable with my long-term plan. I'm curious, how do you make the decision of purchasing something considered a practical luxury?" -Client

A lot of people find themselves in the in-between of the day-to-day and their longterm plans.

In this episode, Chip and Jon give their take on when it is okay to indulge responsibly.

April's Live Market Update with CIO, Scott Mitchell

Fri, 15 Apr 2022 06:00:00 -0500

"The stock market moved above some key technical levels late in March, quickly rebounding from the Russia-Ukraine based correction. I think the market went from a “flashing red” signal (think of coming to a four-way stop at an intersection) to a “flashing yellow” signal. We no longer have to come to a complete stop before proceeding, but we’d be wise to slow down and look both ways. There is a lot of financial and economic data that is quickly changing, so I think being patient, and buying on stock pullbacks, is wise now."

Signature Wealth Group's Chief Investment Officer, Scott Mitchell, brings us the April 2022 Market Update.

Financial Habits are Learned Behaviors, Kids and Money with John Chidwick

Fri, 08 Apr 2022 06:00:00 -0500

In today's episode, John Chidwick (Senior Wealth Advisor) joins us to discuss working with your kids to establish smart money and wealth-building habits. Don't miss this show if you have a kid or a grandkid... who you'd like to be financially successful one day.

John breaks down how he works with teens, students, and clients' children to build healthy habits early. He meets with young clients to make a plan, review investment strategies, and navigate the apps and tools they can use to stay involved. He believes that when kids are included and are part of the process, they build life-long skills for success.

For example (hypothetically): "If a kid invests $1000 at 20 years old and lets that compound through age 55 - it's nearly impossible for them NOT to become a millionaire. If you teach them to pay themselves first, watch what they spend, and automate their savings now they'll retire at 55 instead of 70. " -John

Transition Anxiety and the Emotional Roller Coaster of Retirement

Fri, 01 Apr 2022 06:00:00 -0500

It's important for our teams at Signature Wealth to be transparent and share honest conversations with our clients and community. In today's episode, Zach Hearne (CFP® and Wealth Advisor) joins us to peel back the layers of the emotions and anxiety that can take hold as you transition into retirement. If you've put together a plan, you can be pretty confident in the financial aspect of your retirement, but the idle time and change of routine can cause uncertainty.

"Your Signature Life starts the day you put a plan in place with your Signature advisor. You don't have to wait until your last paycheck hits - or the day your retirement starts. You can start living the life you want now." - Zach

Everyone Has a Plan Until They Get Punched in the Mouth

Fri, 25 Mar 2022 09:00:00 -0500

Where are you? Where do you want to be? How fast do you want to get there? Planning is simply taking the life you currently have (Point A) and drawing a direct line to the life you want (Point B). When identifying exactly where you currently are, be very honest and accurate. Once you're clear on where you stand, you'll measure that against the goals you've established for yourself. You'll notice that there is a growth rate from Point A to Point B. Our goal is to help you invest strategically to help you get from point A to point B with as little uncertainty as possible.

Mike Tyson said, "Everyone has a plan until they get punched in the mouth." Listen to this episode to hear Chip and Jon Tait (CFP®‎, CPFA, and Senior Wealth Advisor) discuss building a plan that can easily adapt when and if you get "punched in the mouth".

Introducing Our Signature Life Concept

Fri, 18 Mar 2022 09:00:00 -0500

At Signature Wealth, we focus on building a life plan for our clients that just happens to be funded by money. Is money an important aspect for a financial advisor and his client, of course. But there's much more to securing a successful financial future than money, so we look at everything.

If you have a vision of the life you want to live, now is the time to make a plan and do it. Our process is simple, and it works - regardless of the circumstances you're facing. The best part is, you don't have to do it alone. We're ready to support you as you define, design, and discover your Signature Life.