Ken’s 2nd Quarter 2019 Recap
I’m purposely burying the lead for this quarter’s update as there are a couple important items to review before the BIG news on the personal side – take a look:
Blog
As you may have noticed, I’ve transitioned the Ken Logan Quarterly Recap over to our blog on the Jones Financial Group (JFG) website. One of us at JFG will post a quick 2-3 minute read on a topic every 2 weeks and I decided to use my Quarterly Recap as one of the biweekly posts. Admittedly, as frequent readers know, the quarterly updates are a longer read than we intend for a typical blog post.
Please provide any feedback you have on the new blog as we get it up and running!
On the business side
In a first for me, I’ve hired a summer intern! Stevie Rozyckie is going into his senior year at Cumberland Valley High School and will spend about 8 weeks working for me part time over summer break. I’ve already got him waist deep in analysis and number crunching, but clients can also expect to get a call from Stevie late July/early August. He’s going to reach out to everyone to make sure we have your correct contact information as well as update your communication preferences (text/email/call). The call shouldn’t take more than 3 minutes
Also you will notice we’ll be unveiling the Jones Financial Group logo in July. We’re transitioning to using JFG as our brand strictly for marketing purposes. Waddell & Reed is still our home and operationally nothing will change with our “switch” to JFG.
2nd Quarter Market Snapshot:
Index: Closing 3/29/18 Closing 6/28/19 2nd Qtr 2019 +/- 2019 +/-
Dow Jones Industrial Average 25,928.68 26,599.96 2.59% 14.03%
S&P 500 2,834.40 2,941.76 3.79% 17.35%
NASDAQ 7,729.32 8,006.24 3.58% 20.66%
(Source – Broadridge Investor Communication Solutions, Inc. - Quarterly Market Review: Jan 2019-Jun 2019. Copyright 2019, Broadridge Investor Communication Solutions, Inc., All rights reserved.)
Chart reflects price changes, not total return. The Dow Jones Industrial Average (DJIA) is a price-weighted index composed of 30 widely traded blue-chip U.S. common stocks. The 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. The NASDAQ Composite Index is a market-value weighted index of all common stocks listed on the NASDAQ stock exchange. Market indices listed are unmanaged and are not available for direct investment. Past performance is no guarantee of future results.
On the personal side
THE TWINS ARE HERE! Welcome to the world Lenora Pauline Logan, born July 1st at 11:31am - 5 lbs. 11 oz. AND Agatha Wynne Logan, born July 1st at 11:32 am – 4 lbs. 14 oz. Lesley had been carrying around 10 lbs. and 9 oz. of baby!
Momma Lesley is doing great and is relieved for the pregnancy to be over. Suffice to say it was difficult on her, but she was a trooper throughout!
All were home from the hospital on the Fourth of July.
Lots of little stories, already some firsts and plenty of sleepless nights as we get adjusted to the new normal. Lesley will be off work for a couple months yet and then the joys of daycare can begin. Thankfully the dog, Mickey, seems unimpressed and largely ignores the girls. He doesn’t know it yet but they’ll all be best friends when the girls get to the highchair / food dropping stage.
Lenora has just started to become a sympathetic crier (when her sister cries it makes her sad too) and Aggie rolled over for the first time from belly to back at 4 days old! She’s not an expert yet but has done it half a dozen times.
Lenora on the left, Aggie on the right
Anyways – sure to be an adventure moving forward and I’ll keep you all posted. I have been working “part-time” for weeks 2 and 3 and I should be back to a normal(ish) schedule by July 22nd.
Introductions
To add on to the baby theme – I’d love to chat with new parents. Welcoming a new family member is frequently one of those moments when people like to evaluate their finances, see where they stand and address any weaker areas of their plan. Things like college savings and life insurance are typically top of mind and these are planning areas I enjoy helping people figure out what’s suitable for them.
Events
Thursday, July 18th, City Island
Putt It Into the Park is back! If you haven’t already gotten your tickets and can’t find the email invitation, reach out to Claudia for instructions. Where else can you get a round of mini-golf, an all you can eat picnic dinner, a ballgame and parking for $25? Oh and the post-game entertainment is a Human Cannonball!!!
Waddell & Reed WealthLink Site
I continue to add users to the WealthLink site and this has been well received by clients. Having one place to look at your entire financial picture is great, plus the Vault feature, which allows us to share documents, has drastically reduced the number of secure emails that I need to send clients.
As I meet with clients I’m adding their information in but if you would like to gain access sooner, just let me know.
eDelivery Options - Save the Planet!
For your Waddell & Reed / Ivy Investments Mutual Fund accounts:
-under the “Login to your account” dropdown, select Mutual Fund or Brokerage depending on the type of account you own
-Login or Create a login. You’ll need your account number to create a login
-Click the Profile Maintenance tab on the right-hand side of the page
-Click Sign up or Change eDelivery services
-Enter your email and select the type of delivery you would like for each type of document.
-Click Continue
-Voila!
That’s all for now, enjoy the rest of the summer!
Ken
Perhaps the most important legacy you can leave to your heirs is simply a well communicated aging plan
Contact me if you’d like to learn more about holding a family meeting to share a loved one’s wishes before they require assistance
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Claudia Snizik, Advisor Assistant
Selinsgrove Office:
101 S Market St.
Selinsgrove, PA 17870
570-374-4834
570-374-7094 (fax)
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.
Securities and advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC.
P.S. - Don’t keep me a secret!
Post #2 - 7/16/2019
This is meant for educational purposes only. It should not be considered investment advice, nor does it constitute a recommendation to take a particular course of action. Please consult with a financial professional regarding your personal situation prior to making any financial related decisions.
Steven (Stevie) Rozyckie and Claudia Snizik are not employed by Waddell & Reed, Inc., but act as non-registered associated persons of Waddell & Reed, Inc. They are authorized to assist Financial Advisors with approved activities. They are prohibited from soliciting, creating a market or account for any securities, investment advisory or insurance services. These activities are the sole responsibility of the Financial Advisors. In addition, they are not authorized to enter into any contractual obligations on behalf of Waddell & Reed, Inc. or otherwise bind the firm.