1

What I’m Talking About Most to Clients This Quarter

Second Quarter 2021

 

It’s not inflation. It’s not crypto. Although those topics do come up.  It’s rebalancing.  Being proactive, not reactive by taking profits when stock markets are up and breaking record highs.

 

The older we get the less time we have to make up for large losses. The V-shaped downturn and quick pandemic recovery of 2020-21 which is still underway was the only severe interruption in 13 years since the 2008-09 recession.

 

Most clients probably have a much higher percentage of equity exposure now than a year ago all else being equal.  So, better to be proactive instead of letting the market do the rebalancing for you.  Taking some profits while the stock market is up by selling back down to your target equity percentage.

 

Smart and timely proactive rebalancing is just one of the many benefits of having a wealth strategist on your side.  Working as a team with your tax and legal advisors, our role is not just numbers and returns.  It is more about people and trust.

 

So this quarter we are not only talking about rebalancing asset allocation.  The same “proactive not reactive” theme has continually come up in our conversations about rebalancing values and goals both in our personal and financial lives because of the pandemic.

 

The legacy we leave to our heirs and to society.  It has been my privilege to have worked with W&A clients now for over 27 years.  A time in our lives that encompasses so many transitions and accomplishments.

 

One thing we share in commonWealth is far more than just money.

 

— Phyllis