Happy Mother's Day!

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To all mothers: We Love You!!!

  • The market was down slightly last week as no news was released to move it.
  • Global economic growth seems to be starting to take hold, but it is built on debt.
  • We continue to stand by our fearless forecast of Dow 23,000 sometime this year.
  • Global debt continues to grow, and it will come home to roost so we must be prepared.

The market was down slightly last week as no news was released to move it.

The economic data was more of the same, and the market had nothing to sink its teeth into and so it didn’t. The news is still bleeding two words a Federal Reserve increase in interest rates in June and the market seems to not care much about that. When the rate columns, if it does, this will be one of the most telegraphed at least worried about rate increases in recent history.

Global economic growth seems to be starting to take hold, but it is built on debt.

As you can see in the chart below the amount of global debt has doubled since 2008. Keep in mind that this amount of debt is the cumulative debt from the beginning of time until today. And we doubled that in a little over eight years. Governments around the world are following our lead by amassing record levels of debt and investors are following suit. We all know that when we borrow money we feel like we have wealth but it is only temporary. Eventually, we have to pay it back, and if we can’t, we have to declare bankruptcy.

 

We continue to stand by our fearless forecast of Dow 23,000 sometime this year.

While we don’t see any large dislocation coming this year due to optimism on the Trump administration’s pro-business policies, we also believe that individuals and countries cannot continue borrowing and spending indefinitely without coming to an unhappy ending.

We are thankful that we have our sell strategy in place and ready to be used should the trends turn in the wrong direction. We have peace of mind because of the confidence that we have in our strategy to help mitigate against large losses when the next bear market comes.

Because too much debt limits the options available to individuals and governments to deal with crises, we believe the next bear market could have significant social and economic consequences.

I would like to invite you to come to one of our seminars. They are designed for those of you who are retired or retiring soon, and they are free.

At the free retirement seminar we will answer these burning questions:

  • How do I protect my retirement from the next market crash?
  • How do I avoid the three basic “pitfalls” of retirement distribution planning?
  • Am I on track to be able to retire?
  • When should I take Social Security? 62? 66? 70?
  • Am I diversified properly?
  • How much can I afford to spend during my retirement?
  • What is the best investment I can use to fight inflation with?
  • How do I determine how much risk is appropriate for me?
  • Do I take my pension or a lump sum?
  • How do I avoid having 85% of my social security being taxed?
  • Should I rollover my 401(k)?
  • How do I reduce my income taxes in the future?

 2017.05.15 4

Source: JP Morgan Asset Management

Click here to reserve your spot at the next free retirement planning seminar

  • Do you know if you have enough money to retire on?
  • What are the 5 strategies that you can use to reduce your income taxes?
  • How do you plan for your retirement cash flow?
  • What should you do to maximize your Social Security benefits?
  • Are you properly diversified?

We would love to review your entire financial plan, analyze what you have and see if we can help you. If we can, that's terrific, if not that's fine too. Either way, there is no charge or obligation, and we will part friends!

Over 50? Schedule a free retirement consultation with one of our friendly, knowledgeable, and very capable financial advisors to create your personalized retirement plan

With the market near all-time highs, this is no time to be complacent and assume that the market only goes up! The best time to plan ahead for the next market crisis is now!

The market can turn around very quickly and very unexpectedly. The 2008 bear market wiped out 12 years of gains in just 17 months. Many of you participated in that bear and the one in Y2K. I am sure that you do not want to do that again.

Clients who followed our lead were out of the Stock market during the great market crash of 2008.

Over 50? Click here to schedule a free financial consultation to learn how to help protect your retirement from the next market crash

We do not want to see crippling losses happen to anybody. It is why I write this email; it is why our advisory firm exists, it is why I do my radio show and why we have our seminars. I want to help as many people as possible not to become poor and to have peace of mind.

Click here to listen to this week's podcast and hear the following topics:

  1. Complacency @ 30 Year High
  2. Questions, Comments, Cheers, Or Jeers: The Fearless Forecast
  3. Why Take Social Security @ 62?
  4. Creating Your Financial Plan: Learn From Johnny Depp
  5. Estate Tip: Who Becomes Family CFO If You Die?

There is nothing more important to us than that. It is our singular goal to keep our clients from becoming poor. Preserving the wealth that they have built is job number one for us. I encourage you to join the Money Matters family!

I believe that avoiding large losses is the single most important thing that we should be concerned about as investors.

Perhaps you were given a package by your employer. Perhaps you sold an asset and want to know how to properly invest the proceeds. Perhaps you inherited money and want to keep it safe and grow it if you can. Perhaps you just want a second opinion. These are all reasons for you to take advantage of all of the resources that we at Money Matters have to offer you.

We want to help you to achieve your financial goals.

Thank you for subscribing to this newsletter. I hope it finds you and yours in good health and spirits.


Ken Moraif, CFP®, MBA

 

P.S. If you have any friends that you would like to introduce to the Money Matters family, please send them our way. Friends do not let friends buy and hold!!

Click here to introduce a friend

Click on the link above to have us add them to our Market Alert Email list. They will appreciate you for it!

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  • All investment strategies have the potential for profit or loss. Changes in investment strategies, contributions or withdrawals may materially alter the performance of your portfolio. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client’s investment portfolio.
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  • References to performance arise from investment management services provided by Money Matters with Ken Moraif. MMWKM is the independent advisory firm created after Money Matters with Ken Moraif left Cambridge Investment Research. The persons who manage accounts at MMWKM are the same investment advisor representatives with that responsibility at Money Matters with Ken Moraif. MMWKM accounts are being managed now using the same strategy as was utilized at Money Matters With Ken Moraif.
  • Ken Moraif has worked in the financial services industry since 1988. He has been a Certified Financial Planner Professional since 1998.
  • Prior to 2003, the advisor was not using the exit strategy on which these videos are based and clients at that time may have experienced different results. Therefore, results prior to that date should not be viewed as indicative of the advisor’s skill. This exit strategy is currently being used with MMWKM’s existing clients’ accounts. Backtesting was used in creating illustrations prior to 2003. Backtested performance is purely hypothetical and does not reflect actual trading in clients’ accounts. Backtesting differs from actual performance, because it utilizes the retroactive application of a model that was designed with the benefit of hindsight.
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  • Third-party rankings from Barron’s, Five Star Professional, and other organizations, are no guarantee of future investment success. Working with a highly-rated advisor does not ensure that a client or prospective client will experience a higher level of performance. These ratings should not be construed as an endorsement of the advisor by any client. Generally, rankings are based on information prepared and submitted by the advisor. The Barron’s rankings are based on the volume of assets managed by advisors and their teams, revenues generated, and the quality of the advisors’ practices. The quality of practice component of the ranking includes regulatory record, length of time in the industry, charitable and philanthropic work, and other factors. Investment performance is not an explicit criterion, because clients' investment goals differ. Please contact the advisor for a detailed explanation of how ratings were formulated. Barron’s “The Top 100 Independent Financial Advisors” was published Aug. 27, 2016, Aug. 22, 2015, Aug. 23, 2014, Aug. 24, 2013, and Aug. 27, 2012. Current rankings for Barron’s “The Top 100 Independent Financial Advisors” can be found at: http://www.barrons.com/report/top-financial-advisors/independent/2016
  • Statements saying that we told our clients to be out of the market in 2008 refer to recommendations made by MMWKM’s principals while employed at Eagle Strategies, LLC. The persons who manage accounts at MMWKM are the same individuals with that responsibility at Eagle Strategies and at Cambridge Investment Research Advisors, Inc. from 2009 to 2011. MMWKM was created in 2011 and uses the same exit strategy.