Scroll to top

NEWS AND ANNOUNCEMENTS

Weekly Economic Update - 3/18/19

[et_pb_section bb_built="1" _builder_version="3.0.87" custom_margin="0px|||" custom_padding="0px|||"][et_pb_row _builder_version="3.0.86" custom_margin="||0px|" custom_padding="||0px|"][et_pb_column type="4_4"][et_pb_image admin_label="WEU - Image" _builder_version="3.0.89" src="https://meldfinancial.com/wp-content/uploads/WEU-Pic-1200x628.png" show_in_lightbox="off" url_new_window="off" use_overlay="off" always_center_on_mobile="on" force_fullwidth="off" show_bottom_space="on" custom_padding="||20px|" /][et_pb_text admin_label="to registration form - text" _builder_version="3.17.6" saved_tabs="all" custom_padding="24px|16px|24px|16px" background_color="rgba(14,112,249,0.16)" global_module="1444"]

Upcoming Event:

Click here for details and to register for our next Meld University event: Estate Planning. The class will be held on Tuesday, December 4th at Birmingham Botanical Gardens. There is no cost to register, but seating is limited.

[/et_pb_text][et_pb_text admin_label="Meld Financial Presents - H2i - Text" _builder_version="3.0.86" background_layout="light"]

Meld Financial, Inc. Presents:

[/et_pb_text][et_pb_text admin_label="Weekly Economic Update - H2 - Text" _builder_version="3.12.2" text_font="Alegreya Sans SC||||||||" header_font="Alegreya SC||||||||" header_font_size="48px" background_color="#dddddd" header_2_font="Alegreya SC||||||||" header_2_font_size="48px"]

Weekly Economic Update

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version="3.0.106" background_color_1="#dddddd" custom_margin="0px||0px|" custom_padding="0px||0px|" padding_left_1="6px"][et_pb_column type="1_4"][et_pb_text admin_label="Weekly Tip - Text" _builder_version="3.17.6" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px" custom_padding="16px|||"]
Weekly Tip
[/et_pb_text][et_pb_text admin_label="Weekly Tip Detail - Text" _builder_version="3.21"]

If it seems you will retire before you are eligible for Medicare, be sure to make the most of your employee health benefits. Schedule doctor, optometrist, and dentist check-ups as well as any major procedures needed. Paying for this health care out of pocket could be hugely expensive, and the premiums for private insurance could be costly.

[/et_pb_text][et_pb_text admin_label="Weekly Quote - Text" _builder_version="3.0.106" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Weekly Quote
[/et_pb_text][et_pb_text admin_label="Wkly Quote Detail - Text" _builder_version="3.21"]

“Committing a great truth to memory is admirable; committing it to life is wisdom.”
-WILLIAM ARTHUR WARD

[/et_pb_text][et_pb_text admin_label="Weekly Riddle - Text" _builder_version="3.0.106" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Weekly Riddle
[/et_pb_text][et_pb_text admin_label="Weekly Riddle Detail - Text" _builder_version="3.21"]

Only one bachelor has served as President of the United States. Who was he?

[/et_pb_text][et_pb_text admin_label="Last Week Riddle - Text" _builder_version="3.0.106" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Last Week's Riddle
[/et_pb_text][et_pb_text admin_label="Last Week Riddle Detail - Text" _builder_version="3.21"]

A mall parking lot has 1,000 parking spaces, and 40% of them are for compact cars. This morning, there are 200 compact cars and some standard-sized cars in the lot, which is 75% full. How many standard-sized cars are in the lot?

[/et_pb_text][et_pb_text admin_label="Last Answer - Text" _builder_version="3.0.86" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Last week's answer:
[/et_pb_text][et_pb_text admin_label="Last Answer Detail - Text" _builder_version="3.21" custom_padding="||1224px|" custom_padding_phone="||24px|" custom_padding_last_edited="on|tablet"]

750 - 200 = 550 standard-sized cars.

[/et_pb_text][/et_pb_column][et_pb_column type="3_4"][et_pb_text admin_label="Detail - Text" _builder_version="3.21" background_color="#ffffff" custom_padding="16px|||"]

THE WEEK ON WALL STREET

The big story last week was the sudden grounding of Boeing 737 Max 8 and 9 passenger jets in dozens of countries. The financial effects of this ban could potentially impact the airline industry and segments of the economy for months.1

While the news created a headwind for the Dow Industrials, stocks managed to post solid gains for the week. The Nasdaq Composite rose 3.12%; the S&P 500, 2.46%; the Dow, 2.25%.2,3,4

Bullish sentiment was also evident overseas. Looking at the MSCI EAFE index, international stocks advanced 1.93%.5

Any companies mentioned are for illustrative purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Any investment should be consistent with your objectives, time frame and risk tolerance.

TRADE MEETING DELAYED

Wall Street expected President Trump and Chinese President Xi to discuss trade issues this month. Thursday, Bloomberg reported that their talk had been postponed, with no firm date ahead.6

MUTED INFLATION

The latest Consumer Price Index showed just a 1.5% rise in overall consumer costs in the year ending in February.

This number does not suggest an overheating economy. During a 60 Minutes interview last week, Federal Reserve Chairman Jerome Powell said the central bank did “not feel any hurry” to make a rate move.7

TAX TIP

If you turned 70½ last year, April 1 is your final deadline to receive your initial Required Minimum Distribution (RMD) from a traditional IRA, SEP-IRA, SIMPLE IRA, or employer-sponsored retirement plan. If you take your initial RMD from these retirement accounts this year, you must receive your second RMD from them by December 31, 2019.8

Withdrawals from traditional IRAs, SEP-IRAs, and SIMPLE IRAs are taxed as ordinary income and, if taken before age 59 1/2, may be subject to a 10% federal income tax penalty. Generally, once you reach age 70 ½, you must begin taking required minimum distributions from these plans.

THE WEEK AHEAD: KEY ECONOMIC DATA

Wednesday: The Federal Reserve wraps up its two-day policy meeting.

Friday: February existing home sales.

Source: Econoday / MarketWatch Calendar, March 15, 2019

The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision. The release of data may be delayed without notice for a variety of reasons.

THE WEEK AHEAD: COMPANIES REPORTING EARNINGS

Tuesday: FedEx (FDX), Michaels Companies (MIK)

Wednesday: General Mills (GIS), Micron Technology (MU)

Thursday: ConAgra Brands (CAG), Darden Restaurants (DRI), Nike (NKE)

Source: Morningstar.com, March 15, 2019

Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Any investment should be consistent with your objectives, time frame, and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice.

weu image

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version="3.0.86" custom_margin="0px|||" custom_padding="0px|||"][et_pb_column type="4_4"][et_pb_text admin_label="Forward to friends - Text" _builder_version="3.0.86" background_layout="light" text_font="Alegreya Sans SC||||||||" header_font="Alegreya SC||||||||" header_font_size="48px" background_color="#dddddd"]

Please feel free to forward this article to family, friends or colleagues. Convenient share buttons are located to the left of this page.
If you would like us to add them to our distribution list, please reply with their address.
We will contact them first and request their permission to add them to our list.

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row][et_pb_column type="4_4"][et_pb_text admin_label="to registration form - text" _builder_version="3.17.6" saved_tabs="all" custom_padding="24px|16px|24px|16px" background_color="rgba(14,112,249,0.16)" global_module="1444"]

Upcoming Event:

Click here for details and to register for our next Meld University event: Estate Planning. The class will be held on Tuesday, December 4th at Birmingham Botanical Gardens. There is no cost to register, but seating is limited.

[/et_pb_text][et_pb_text admin_label="Contact Info - Text" _builder_version="3.0.86" background_layout="light"]

Meld Financial, Inc.

P.O. Box 43626

Birmingham, AL 35243

Phone: 205-967-4200

Email: Meld@meldfinancial.com

www.meldfinancial.com

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row][et_pb_column type="4_4"][et_pb_text admin_label="Securities Offered by - Text" _builder_version="3.0.106" background_layout="light" saved_tabs="all"]

Securities offered through Triad Advisors, LLC. Member FINRA/SIPC.

Advisory services offered through Meld Financial, Inc.

Triad Advisors and Meld Financial are not affiliated.

[/et_pb_text][et_pb_text admin_label="Disclosure Detail - Text" _builder_version="3.21" text_font_size="10px" module_class="fine-print-post-text"]

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. The information herein has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All market indices discussed are unmanaged and are not illustrative of any particular investment. Indices do not incur management fees, costs and expenses, and cannot be invested into directly. All economic and performance data is historical and not indicative of future results. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is a market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor's 500 (S&P 500) is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy. NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The New York Mercantile Exchange, Inc. (NYMEX) is the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals, with trading conducted through two divisions – the NYMEX Division, home to the energy, platinum, and palladium markets, and the COMEX Division, on which all other metals trade. Additional risks are associated with international investing, such as currency fluctuations, political and economic instability and differences in accounting standards. This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. MarketingPro, Inc. is not affiliated with any person or firm that may be providing this information to you. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional.

CITATIONS:

1 - cnbc.com/2019/03/13/boeing-shares-fall-after-report-says-us-expected-to-ground-737-max-fleet.html [3/13/19]

2 - quotes.wsj.com/index/SPX [3/15/19]

3 - quotes.wsj.com/index/DJIA [3/15/19]

4 - quotes.wsj.com/index/NASDAQ [3/15/19]

5 - quotes.wsj.com/index/XX/990300/historical-prices [3/15/19]

6 - bloomberg.com/news/articles/2019-03-14/china-u-s-said-to-push-back-trump-xi-meeting-to-at-least-april [3/14/19]

7 - reuters.com/article/us-usa-economy-inflation-idUSKBN1QT1MF [3/12/19]

8 - irs.gov/newsroom/tax-time-guide-seniors-who-turned-70-and-a-half-last-year-must-start-receiving-retirement-plan-payments-by-april-1 [3/5/19]

CHART CITATIONS:

quotes.wsj.com/index/SPX [3/15/19]

quotes.wsj.com/index/DJIA [3/15/19]

quotes.wsj.com/index/NASDAQ [3/15/19]

quotes.wsj.com/index/XX/990300/historical-prices [3/15/19]

markets.wsj.com [3/15/19]

treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield [3/8/19]

treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yieldAll [3/8/19]

[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]


10 Ways to Manage Your Finances Like the Wealthy

[et_pb_section bb_built="1" _builder_version="3.0.92"][et_pb_row][et_pb_column type="1_2"][et_pb_image _builder_version="3.20.2" src="https://meldfinancial.com/wp-content/uploads/grow-wealth-like-wealthyfacebook.jpg" /][/et_pb_column][et_pb_column type="1_2"][et_pb_text _builder_version="3.20.2" custom_padding="20px|||" custom_padding_last_edited="on|desktop"]

Provided by Meld University

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row][et_pb_column type="4_4"][et_pb_text admin_label="to registration form - text" _builder_version="3.20.2" saved_tabs="all" global_module="1444" custom_padding="24px|16px|24px|16px" background_color="rgba(14,112,249,0.16)"]

Upcoming Event:

Click here for details and to register for our next Meld University event: Retirement Planning – From Growth to Income. The class will be held on Tuesday, April 9th at Greystone Golf & Country Club, Founder’s Clubhouse. There is no cost to register, but seating is limited.

[/et_pb_text][et_pb_text admin_label="Detail - Text" _builder_version="3.20.2"]

We’ve heard tycoons state that their first million was the hardest to accumulate on many different occasions, but why is that the case? The simplest answer we’ve all heard is “it takes money to make money”, and with that we agree. But are there any shortcuts we can take to accumulate wealth faster?

At Meld Financial, we assist the wealthy with managing their finances on a daily basis, and we’ve identified some common strategies that the wealthy use to accumulate and maintain their riches. Here are 10 things the wealthy are doing to make sure they stay rich:

1. Utilizing Automatic Savings and Investing

As we mentioned earlier, it’s easier to make money when you already have money to invest. Investing, in many cases, allows the owners of wealth to grow their savings without using their most valuable resource – their time. So, if you can make money without investing your time, it stands to reason that you are well ahead of the game. But, how do you first accumulate the wealth needed to invest?

The simplest answer is: by saving and saving aggressively. We’ve found that most wealthy people have implemented automatic savings and investing plans to ensure they are always adding to their nest egg. When these plans automatically invest funds before they reach your hands, such as with a payroll deduction, the results are even better. By investing their money automatically, they are reducing the likelihood that they will accidentally overspend. This is the by far the simplest method you can implement to help ensure you are growing your net worth on a consistent basis.

2. Smart Budgeting - Avoiding Impulse Buying

The accumulation of wealth can be simplified to a single formula: money earned – money spent = wealth accumulated.

So, it stands to reason that you can’t accumulate wealth if you are spending faster than you are earning. This seems pretty obvious, but sometimes people don’t identify their overspending until it is too late. The thought of implementing a budget strikes fear in the heart of some, but budgets are a critical step if you are trying to grow your wealth.

The fact is, the wealthy develop a budget and they stick to it. Their budget is designed to ensure that their wealth is always growing and that they are prepared for what life throws at them.

Just like in business or sports, it’s difficult to have success on a consistent basis without formulating a plan and sticking to it. The same is true with your finances. But, how do you develop a smart budget? The first step is seeking the assistance of a CERITFIED FINANCIAL PLANER™.

3. Seeking the Assistance of a CFP®

Developing a comprehensive financial plan requires knowledge of budgeting, investing, saving, taxes and a multitude of other things. If every person were required to gain all this knowledge in order to manage their finances, we’d spend most of our time at the Meld University website, trying to understand the ins and outs of personal finance.

Most of us don’t have time to learn about and stay abreast of the multitude of changes in all these different fields. That’s why the advice of a CFP® is invaluable for those trying to grow their wealth. A CFP® can guide you through the process of developing a budget and organizing your finances so that you can begin planning for your long-term savings goals.

4. Following a Long-Term Financial Plan

After developing a budget and ensuring that you are saving more than you are spending, it makes sense to take your plan a step further and look deep into the future. You may not have developed your long-term financial goals or you may need help understanding what is possible with your current wealth and income. But don’t worry, your CFP can assist you in this process.

Once you’re on track in the short term, you can develop a plan to account for future goals or expenses like retirement, college savings, vacation or a home purchase. The fact is, if you have a strong financial plan your odds of succeeding in your long-term financial goals will be much higher.

5. Scrutinizing Their Expenses

One of the biggest mistakes that you can make is not reviewing your spending. Much like meditating on your day or reviewing the mistakes you made in a business negotiation, reflecting on your spending is critical to correcting past mistakes. It’s often difficult to take back an impulsive purchase or get your money out of a bad investment. So, the best way to make sure you don’t make the same mistakes twice is to periodically review and evaluate your spending habits.

We’ve found that the wealthy often micro-manage their spending. They review their spending on a monthly, weekly, and sometimes even a daily level. They realize that with the power of compounding interest rates, one dumb splurge in your thirties could results in thousands or even millions of lost wealth in the future.

So, think long and hard about every purchase you make. Be sure the purchase fits into your budget and into your long-term financial plan. Manage your monthly, weekly and even daily spending to fit your long-term goals. When you are reviewing your budget, make notes of past purchases that don’t perfectly line up with your plan and speak to your family about curtailing those purchases.

Having said all that, what is the point of being wealthy if you can’t enjoy it? So, we recommend creating a reward system for yourself. Set goals, and when you meet them, reward yourself. Be sure your reward doesn’t blow your budget or spend money you need for the future. It’s no fun to be rich if you can’t have nice things, but be sure to reward yourself wisely.

6. Maintaining an Emergency Fund

An emergency fund is often the first savings goal for those starting out on their path to growing wealth. It’s critical for many reasons. The most important being protecting you and your family in case of an unexpected event, whether that be job loss, a natural disaster or some other unforeseen circumstance.

An emergency fund typically consists of enough funds to cover 6 to 12 months of your fixed expenses. Again, a CFP® can help you determine your fixed expenses and how much you need to be safe. Having this fund in place can help make sure you don’t have to take on debt to fund an emergency.

One big mistake that amateur savers make is tapping into the emergency fund for non-emergencies. It’s very tempting to spend money when it’s available, and your emergency fund should be kept liquid, in case you need it. So, the temptation to pull from this fund for day to day necessities is there. But, you must resist. The emergency fund should be reserved for just that, an emergency.

7. Living Below Their Means

This goes back to a point we made in #2, money earned – money spent = wealth accumulated. Wealthy people who live below their means, the most famous example being Warren Buffet of Berkshire Hathaway, tend to grow their wealth at a much faster rate than those who try to “keep up with the Joneses”. Mr. Buffet is frequently present on lists of the richest people in the world, and that is partially due to his frugal lifestyle.

On the other hand, we’re regularly hearing stories of lottery winners who somehow go broke. This is most often a symptom of poor expense management (see #5 above) and living above one’s means.

Another great example where excessive spending caused a great deal of pain was the housing crisis in the U.S. that materialized late last decade. Many people had purchased homes priced far in excess of what their income could support, partly due to lax lending requirements. Those people who were smart and purchased homes that were well within their means were in a far better place when the market crashed.

8. Making Short-Term Sacrifices to Attain Larger Goals

We’ve found that in order to become wealthy, we usually need to make sacrifices. Those sacrifices can come in many forms. Whether it be something as small as price shopping a routine purchase or opting for drip coffee over the $7 fancy latte, short-term sacrifices are often the building blocks of long-term savings.

For example, let’s say you are in the market for a new car. Your current vehicle may be in decent shape, but it’s missing the features of the newer models. You may take the time to shop several models, dealerships or even decide to take your search online. Those are great ways to make sure you are getting the best deal on your next car purchase.

But, what if you decided to wait? I’m sure you’ve seen a wealthy person driving and old or less than modern car and thought to yourself, “if they’re so rich, why are they driving that old car?”. The answer is simple, to save more money.

If you could get just 1 more year out of your old car without any significant investment, would that be a benefit? You bet it would. It’s small day to day sacrifices like these than can make the difference in growing your nest egg and watching it dwindle away.

9. Avoiding Debt and Managing Credit Card Balances

This is a big one. One of the fastest ways to burn through your wealth is to overspend your means (see #7), and credit cards are one of the biggest enablers of this behavior. Having access to credit card accounts for emergencies or even using them wisely to earn points on purchases you already make can be very beneficial for responsible people. But it doesn’t take long to get into trouble.

We can’t stress this point enough: Don’t spend money you don’t have! The first and most obvious issue with accumulating debt is the interest you will pay. For credit cards, this issue is exacerbated by often insanely high interest rates and ever-changing minimum payments. Secondly, you are literally mortgaging your future wealth to obtain something now. Why not save for such a purchase? By saving to make a purchase, you flip the interest paradigm. Rather than paying interest to the bank, you are earning interest on your savings. Nothing makes more sense to us.

Now, if you’re the type of person who uses their credit card to accumulate points or cashback and pays that balance in full every month, congratulations! But, if you carry a balance from month to month and often see your balances skyrocket to amounts you could never pay in a single billing cycle, you are playing with fire. Being smart with debt and keeping it to a minimum is one of the most common characteristics we see among the wealthy. And, it is a characteristic that you should adopt immediately.

10. Utilizing Educational Resources to Stay Informed

By reading this article, you’re already on the right track. Kudos to you! But, there is a wealth of information available for free on the internet that will allow you to understand ways to maximize your wealth and savings potential.

At Meld Financial, we’ve developed a great set of resources in the form of articles, in-person events and videos that you can find at our Meld University home page. On that page you will unearth a wealth of free information that can help get you on the track to growing your wealth like the rich.

By adopting these 10 habits, you could accelerate your wealth accumulation in a big way. If you need help, or if you feel you need to take action on your finances, don’t hesitate to contact us. Let our team of CFPs help you develop your comprehensive financial plan and get you started on our proprietary wealth management program we call Situational Investing.

[/et_pb_text][et_pb_text admin_label="to registration form - text" _builder_version="3.0.105" background_layout="light" saved_tabs="all" global_module="1444"]

Click here to register for our next event, "Investment Planning: From Growth to Income".

[/et_pb_text][et_pb_image _builder_version="3.0.92" src="https://meldfinancial.com/wp-content/uploads/logo.png" show_in_lightbox="off" url_new_window="off" use_overlay="off" always_center_on_mobile="on" force_fullwidth="off" show_bottom_space="on" module_class="no-shadow" /][et_pb_text admin_label="Meld Contact Info - Text" _builder_version="3.0.101" background_layout="light"]

Meld Financial, Inc. may be reached at:

205-967-4200

meld@meldfinancial.com

P. O. Box 43626

Birmingham, AL 35243

www.meldfinancial.com

[/et_pb_text][et_pb_text admin_label="WSS Fine Print - Text" _builder_version="3.18.8" text_font_size="10px" custom_css_main_element="font-size:10px important!;" saved_tabs="all" global_module="1711"]

Securities offered through Triad Advisors, LLC . Member FINRA/SIPC.

Advisory services offered through Meld Financial, Inc.

Triad Advisors and Meld Financial are not affiliated.

This material was prepared by Workspace Solutions, LLC, and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.

[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]


Weekly Economic Update - 3/11/19

[et_pb_section bb_built="1" _builder_version="3.0.87" custom_margin="0px|||" custom_padding="0px|||"][et_pb_row _builder_version="3.0.86" custom_margin="||0px|" custom_padding="||0px|"][et_pb_column type="4_4"][et_pb_image admin_label="WEU - Image" _builder_version="3.0.89" src="https://meldfinancial.com/wp-content/uploads/WEU-Pic-1200x628.png" show_in_lightbox="off" url_new_window="off" use_overlay="off" always_center_on_mobile="on" force_fullwidth="off" show_bottom_space="on" custom_padding="||20px|" /][et_pb_text admin_label="to registration form - text" _builder_version="3.17.6" saved_tabs="all" custom_padding="24px|16px|24px|16px" background_color="rgba(14,112,249,0.16)" global_module="1444"]

Upcoming Event:

Click here for details and to register for our next Meld University event: Estate Planning. The class will be held on Tuesday, December 4th at Birmingham Botanical Gardens. There is no cost to register, but seating is limited.

[/et_pb_text][et_pb_text admin_label="Meld Financial Presents - H2i - Text" _builder_version="3.0.86" background_layout="light"]

Meld Financial, Inc. Presents:

[/et_pb_text][et_pb_text admin_label="Weekly Economic Update - H2 - Text" _builder_version="3.12.2" text_font="Alegreya Sans SC||||||||" header_font="Alegreya SC||||||||" header_font_size="48px" background_color="#dddddd" header_2_font="Alegreya SC||||||||" header_2_font_size="48px"]

Weekly Economic Update

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version="3.0.106" background_color_1="#dddddd" custom_margin="0px||0px|" custom_padding="0px||0px|" padding_left_1="6px"][et_pb_column type="1_4"][et_pb_text admin_label="Weekly Tip - Text" _builder_version="3.17.6" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px" custom_padding="16px|||"]
Weekly Tip
[/et_pb_text][et_pb_text admin_label="Weekly Tip Detail - Text" _builder_version="3.20.2"]

Do you have a health care Flexible Spending Account (FSA) at work? Check to see if it lets you carry over up to $500 of any unused balance remaining at the end of a plan year into the next year.

[/et_pb_text][et_pb_text admin_label="Weekly Quote - Text" _builder_version="3.0.106" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Weekly Quote
[/et_pb_text][et_pb_text admin_label="Wkly Quote Detail - Text" _builder_version="3.20.2"]

“The functions of intellect are insufficient without courage, love, friendship, compassion, and empathy.”

-Dean Koontz

[/et_pb_text][et_pb_text admin_label="Weekly Riddle - Text" _builder_version="3.0.106" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Weekly Riddle
[/et_pb_text][et_pb_text admin_label="Weekly Riddle Detail - Text" _builder_version="3.20.2"]

A mall parking lot has 1,000 parking spaces, and 40% of them are for compact cars. This morning, there are 200 compact cars and some standard-sized cars in the lot, which is 75% full. How many standard-sized cars are in the lot?

[/et_pb_text][et_pb_text admin_label="Last Week Riddle - Text" _builder_version="3.0.106" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Last Week's Riddle
[/et_pb_text][et_pb_text admin_label="Last Week Riddle Detail - Text" _builder_version="3.20.2"]

How do you make the number 7 even?

[/et_pb_text][et_pb_text admin_label="Last Answer - Text" _builder_version="3.0.86" background_layout="light" text_font="Alegreya SC||||||||" header_5_font="Alegreya SC||||||||" header_5_font_size="24px"]
Last week's answer:
[/et_pb_text][et_pb_text admin_label="Last Answer Detail - Text" _builder_version="3.20.2" custom_padding="||1824px|" custom_padding_phone="||24px|" custom_padding_last_edited="on|phone"]

Remove the S so “seven” becomes “even.”

[/et_pb_text][/et_pb_column][et_pb_column type="3_4"][et_pb_text admin_label="Detail - Text" _builder_version="3.20.2" background_color="#ffffff" custom_padding="16px|||"]

The Week on Wall Street

As in February, investors spent most of the first full trading week of March hoping for new details in U.S.-China trade negotiations. While they waited, stock benchmarks drifted downward. From Monday’s open to Friday’s close, the S&P 500 lost 2.55%, while the Dow Industrials took a 2.66% fall, and the Nasdaq Composite weakened 3.12%. The MSCI EAFE index tracking developed markets outside the U.S. and Canada fell 1.09%.1,2,3,4

Why did stocks lose momentum? In a hint that global economic growth might be slowing, the European Central Bank abruptly reduced its 2019 GDP forecast for the eurozone from 1.7% to 1.1%. A disappointing reading on U.S. hiring also raised questions.5

Perplexing Jobs Data

According to the Department of Labor, the economy generated only 20,000 net new jobs in February. This was the smallest monthly gain since September 2017. Nevertheless, the unemployment rate fell to 3.8%, while underemployment declined sharply to 7.3%. (These decreases could reflect furloughed federal employees returning to work.) The average wage rose 3.4% in 12 months, the largest year-over-year increase in a decade.

Harsh winter weather may have impeded hiring last month, and February’s payroll growth could be revised in the Department of Labor’s April report.6

Earnings Season Recap

The fourth-quarter reporting season is all but over. FactSet notes that the S&P 500 has seen earnings growth of 13.4% in Q4, marking the fifth straight quarter with a double-digit rise.7

Final Thought

Stocks lost ground last week, breaking a long string of weekly advances. The extended rally partly reflected optimism that the U.S.-China trade dispute would soon be resolved, but a deal may or may not happen. The week offered a reminder that Wall Street sees both ups and downs. Day-to-day market fluctuations should not cause you to alter your long-term approach.

THE WEEK AHEAD: KEY ECONOMIC DATA

Monday: January retail sales.

Tuesday: The Consumer Price Index, tracking monthly and yearly inflation.

Thursday: January new home sales and February retail sales.

Friday: The University of Michigan’s initial March consumer sentiment index, measuring consumer confidence.

Source: Econoday / MarketWatch Calendar, March 8, 2019

The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision. The release of data may be delayed without notice for a variety of reasons.

THE WEEK AHEAD: COMPANIES REPORTING EARNINGS

Tuesday: Dick’s Sporting Goods (DKS)

Wednesday: Smart & Final (SFS)

Thursday: Adobe Systems (ADBE), Broadcom (AVGO), Dollar General (DG)

Source: Morningstar.com, March 8, 2019

Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Any investment should be consistent with your objectives, time frame and risk tolerance. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice.

weekly economic update - meld financial

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version="3.0.86" custom_margin="0px|||" custom_padding="0px|||"][et_pb_column type="4_4"][et_pb_text admin_label="Forward to friends - Text" _builder_version="3.0.86" background_layout="light" text_font="Alegreya Sans SC||||||||" header_font="Alegreya SC||||||||" header_font_size="48px" background_color="#dddddd"]

Please feel free to forward this article to family, friends or colleagues. Convenient share buttons are located to the left of this page.
If you would like us to add them to our distribution list, please reply with their address.
We will contact them first and request their permission to add them to our list.

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row][et_pb_column type="4_4"][et_pb_text admin_label="to registration form - text" _builder_version="3.17.6" saved_tabs="all" custom_padding="24px|16px|24px|16px" background_color="rgba(14,112,249,0.16)" global_module="1444"]

Upcoming Event:

Click here for details and to register for our next Meld University event: Estate Planning. The class will be held on Tuesday, December 4th at Birmingham Botanical Gardens. There is no cost to register, but seating is limited.

[/et_pb_text][et_pb_text admin_label="Contact Info - Text" _builder_version="3.0.86" background_layout="light"]

Meld Financial, Inc.

P.O. Box 43626

Birmingham, AL 35243

Phone: 205-967-4200

Email: Meld@meldfinancial.com

www.meldfinancial.com

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row][et_pb_column type="4_4"][et_pb_text admin_label="Securities Offered by - Text" _builder_version="3.0.106" background_layout="light" saved_tabs="all"]

Securities offered through Triad Advisors, LLC. Member FINRA/SIPC.

Advisory services offered through Meld Financial, Inc.

Triad Advisors and Meld Financial are not affiliated.

[/et_pb_text][et_pb_text admin_label="Disclosure Detail - Text" _builder_version="3.20.2" text_font_size="10px" module_class="fine-print-post-text"]

This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. The information herein has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All market indices discussed are unmanaged and are not illustrative of any particular investment. Indices do not incur management fees, costs and expenses, and cannot be invested into directly. All economic and performance data is historical and not indicative of future results. The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. The NASDAQ Composite Index is a market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. The Standard & Poor's 500 (S&P 500) is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries of the U.S. economy. NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange (the “NYSE”) and NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. The New York Mercantile Exchange, Inc. (NYMEX) is the world's largest physical commodity futures exchange and the preeminent trading forum for energy and precious metals, with trading conducted through two divisions – the NYMEX Division, home to the energy, platinum, and palladium markets, and the COMEX Division, on which all other metals trade. Additional risks are associated with international investing, such as currency fluctuations, political and economic instability and differences in accounting standards. This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events, or a guarantee of future results. MarketingPro, Inc. is not affiliated with any person or firm that may be providing this information to you. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional.

CITATIONS:

1 - quotes.wsj.com/index/SPX [3/8/19]

2 - quotes.wsj.com/index/DJIA [3/8/19]

3 - quotes.wsj.com/index/NASDAQ [3/8/19]

4 - quotes.wsj.com/index/XX/990300/historical-prices [3/8/19]

5 - cnbc.com/2019/03/07/stock-market-us-china-trade-jobless-claims-in-focus.html [3/7/19]

6 - usatoday.com/story/money/2019/03/08/jobs-report-just-20-000-added-february-economists-expected-181-000/3098383002/ [3/8/19]

7 - insight.factset.com/earnings-insight-q418-by-the-numbers-infographic [3/8/19]

CHART CITATIONS:

quotes.wsj.com/index/SPX [3/8/19]

quotes.wsj.com/index/DJIA [3/8/19]

quotes.wsj.com/index/NASDAQ [3/8/19]

quotes.wsj.com/index/XX/990300/historical-prices [3/8/19]

markets.wsj.com [3/8/19]

treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield [3/8/19]

treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yieldAll [3/8/19]

[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]


Pin It on Pinterest