The Rand Group Update: Summer Edition

By TRG Advisors on August 11, 2022

A Word From Our Partners…

On Recession, Inflation, and the Markets

The economy is slowing, and most Americans have never experienced an inflationary cycle, particularly one that has hit so hard in food and energy. The Fed is raising rates, but we don’t know if they’ll go too far. We’ve had a rough start to the year in the markets, but equity valuations have come down, and we’ve seen a significant rally off the bottom. Click here to read our commentary.

New Faces in Familiar Places

We are thrilled to welcome Kelli Myers, our new Wealth Advisor in our Hawaii office!

Kelli has 17 years of experience in the banking and financial industry. As a commercial lender, she coached business owners to optimize their balance sheet and enterprise value.

A fun fact about Kelli is that she recently did an international rotary project with her daughter in Bali, Indonesia, assisting a local club with projects including an orphanage, a prosthetic limb foundation, and a school for deaf students/children receiving care for cleft palate.

At The Rand Group, Kelli will spearhead planning efforts for the Maui office and work directly with families and business owners. In doing so, she will provide clients with sound solutions, and help them prepare for their future.

Alleviating Stress as a Sandwiched Adult

If this day sounds at all familiar, you are likely part of the sandwich generation — a group of adults that the Pew Research Center¹ defines as having a parent age 65 or older and raising at least one child younger than 18, or providing financial support to an adult child. If you are part of the sandwich generation, you likely face significant pressure — emotionally, financially, or both — to meet the day-to-day responsibilities that come with the territory.

We have seen certain practices go a long way toward helping sandwiched adults alleviate some of the stress, particularly as it relates to money. Here are the main practices we recommend:  

1. Identify your goals
2. Work with The Rand Group to reconcile your goals with your finances
3. Clearly communicate your plan to your family
4. Seek financial education for your children
5. Invest in your physical and mental health

At The Rand Group, we are well attuned to the challenges the sandwich generation faces, and it’s our job to help alleviate these challenges to the best of our ability as advisors. Read our white paper with more information on the above planning and communication steps HERE and reach out to us for help.

Miss a Little, Miss a Lot

Question:

Over the last 30 years, the S&P 500 gained +10.0% per year (total return). If you remove the best 22 trading days over the entire 3 decades, i.e., 22 trading days out of 7,554 trading days, the return for the S&P 500 drops to _____% per year (total return).²

Choose From the Following:

a. 7%

b. 9%

c. 5%

d. 6%

^{*Scroll to the bottom for the correct answer}

Secure Email System to Keep Your Data Safe

To help protect you and your data against the increasingly sophisticated threats of cyber criminals, we are continuing best practices for exchanging sensitive information over email.

As always, when we send you an email containing sensitive information (e.g., driver’s license number, account numbers, etc.), you will be prompted to register or login to our secure encryption portal before accessing the content of the email through the encryption portal. If not done so already, the registration process is simple and should not take you more than a couple of minutes. Please click HERE for directions.

If you have any questions or need help registering, as always, we are here to help. Do not hesitate to call or email us. Thank you for helping us keep your data safe!

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_{*Correct Answer: C – 5%}