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Wehner’s Wisdom
Fall 2015

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This quarters successful client, Leon Zobel

I haven’t known Leon that long - perhaps 9 months or so, but during that time I’ve been blessed to learn so much! Specifically the biggest thing I’ve learned is balance in life, combined with the validation of the adage steady as she goes! Leon has balance in all parts of life - his career, his hobbies, his relationships, his health, and his environment. He worked over 27 years as a financial analyst for the University of Minnesota, retiring in June. A stable, steady source of income as a skilled worker is a base when building wealth. He has developed a real talent with his hobby, art, and used it to add to the income, but more importantly, to spend time doing activity he loves. His art is awesome, especially if you’re a fan of abstract design. He has a large social network, spanning from Minnesota to Sarasota, his new home. I’m told the turnout at the retirement party was huge. He takes care of his health with the basics, including fasting from time to time. His environment is gorgeous, meticulous, and top class, and the artist in him is still at work and busy as ever creating the new home in Florida. Leon’s made great choices along the way, created security for himself, and made it fun along the way! Congratulations on your retirement, Leon, and thanks for the opportunity you’ve given me to serve and learn from your great example!

Consumer tip: Avoid Identity Theft

Identity theft is skyrocketing so this is a topic that bears bringing up once in a while. I’m certain most of you have seen this before, but as the fraud squad seems to be growing, it’s worth it to list some of things that might help you
  1. It’s really wise to get on the do not call and do not mail lists. It will save paper, keep your information more private, help avoid getting those annoying robo calls and mail scams. It will also save you time and frustration going through the mail.
  2. If you use a computer don’t open emails, especially with attachments from unknown senders. Also, avoid using public wi-fi connections as they may not be secure.
  3. Check the balances on your credit cards, checking and savings accounts at least weekly. You’re usually not liable for unauthorized transactions, but it’s critical to report these on a timely basis.
  4. Get a credit bureau report at least annually. You will have the chance to have corrections made, and all three bureaus are working together to make the correction process less difficult.

If we haven’t been in touch for a while, it’s not because I don’t care! I truly want your feedback!

I’d love to see each of you more often and wish there were 36 hours in a day. I do reach out on a regular basis but, please don’t hesitate to call with questions and feedback in the interim. It’s important to stay in touch on a regular basis, especially if I’m fortunate enough to have the opportunity to serve. The last thing in world I’m interested in is pestering people! If I reach out and leave you a message it’s because I want to do something of value for you. I’m ever so grateful for returned calls. Thanks in advance. In addition, I think I’ve mentioned that I detest surveys and refuse to burden you with forms and internet requests! However, please be aware that I am extremely interested in feedback - suggestions for improvement are important to me, so please share. If there’s something you’d like to see, I’ll be happy to do my best to make it happen.
Events & Notes
Don’t forget that the quarterly statements are available to you by email if you like. If you’d like to have less paper, please let me know and I’ll make sure to sign you up for e-delivery.

Here we go again, or, another version of Don’t Worry, Be Happy

China, Greece, the Fed, corporate profits expected to fall, fund managers reorganizing, and even another possible government shutdown! What else can disturb the markets? No, this is not 2008! We did have a significant decline in August and September, and in fact YTD as of 9/25/2015, the Dow was down 8.46% and the S&P was down 6.20% according to the Wall Street Journal. However, nothing is forever. Here are a couple of reminders for down markets:
They are an opportunity to buy at low point in the cycle of the market, whether you’re reinvesting, or adding to your account.
If you’re investing in quality investments with long term track records, the managers are skilled and finding bargains and as a shareowner, you may benefit - remember, in all markets successful investing requires patience.
The market has, since they’ve been keeping track, been in a long term upward trend.
If you’re working with an advisor, especially me, you need to know that I’m working hard to match your risk tolerance and time frame with the appropriate combination of stocks, bonds, and cash.
Please know that I’m constantly on the lookout for ways to improve your portfolio and always available for questions and discussions!
Lastly, remember that, the recent downturn is a relatively small retrenchment of gains you may have received over the past 6 years of steady growth. Don’t hesitate to call or come discuss!
 
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