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https://preservewm.com
We've been keeping up with the latest headlines...
here are two of our favorites worth sharing.
** Your Money
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What is a repurchase offer, and why am I getting emails or letters asking if I want to take advantage of it? Good question.
At PWM, the primary method we use to invest in public stocks and bonds is Exchange Traded Funds, or ETFs. We often diversify portfolios further, when appropriate, by using non-traditional investments, like private equity and direct lending. Private investments' envious risk/reward profile is well documented; however, the high minimums ($250,000+ each) and long lock-ups (7-10 years) don't make them accessible to many investors.
Enter a new generation of fully funded, evergreen structures to solve that problem: interval funds. Interval funds are evolving to help investors seek exposure to private markets and bypass the most significant drawbacks of the traditional partnership structure. Registered interval funds offer private investments with the following:
* broader accreditation levels
* lower minimums
* immediate allocation
* enhanced liquidity
This last point, enhanced liquidity, drives the repurchase offers you may receive. Interval funds are only traded once per quarter, and investors must receive notifications through a repurchase offer. We get those notices, too, and we know when the trading windows open. We will prepare the paperwork to redeem when we want to redeem.
As always, please reach out to talk about this in more detail.
The potential trade-offs of evergreen fund structures (https://www.caisgroup.com/articles/the-potential-tradeoffs-of-evergreen-fund-structures?utm_campaign=2023-weekly-newsletter&utm_medium=email&_hsmi=254352187&_hsenc=p2ANqtz-_ehddhMXJZRvFoawGMlNJ0por7MyF37u2SxX90cAfO9NQbVIm5e2TKjEQmzL4Pz0KE-UnpJ0Hq1mchP3D9bAOBm2T78A&utm_content=254352187&utm_source=hs_email)
by Andrew Snyder, Linge Sun, Nicholas Reade
** Your Life
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Climate change once again wreaks havoc on our lives. This article mainly focuses on the spiking costs of insurance rates as global warming-related weather events surge across the US. These events include tropical storms, hurricanes, tornadoes, wildfires, and flooding. Over the past 50 years, these events have increased fivefold. Insurance companies often use a model that analyzes the last 100 years of data to anticipate the premium the following year. However, climate change doesn’t always follow historical patterns, making it difficult to guess how high premiums could rise---but rise they will. Higher premiums are particularly hurtful for retirees and those on fixed incomes. Florida is grappling with these issues now. Home insurance is now becoming a significant expense factor in deciding to purchase a home.
Climate Change Is Costing Americans as Insurance Rates Headed for a Spike (https://www.newsweek.com/climate-change-costs-americans-insurance-rates-headed-spike-1741133)
by Anna Skinner
https://www.linkedin.com/in/danheth/
https://www.linkedin.com/in/rosalynn-harvey-heth-mpa-ceps-3a3aa3191/
** Complexity Simplified
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For many people, the kitchen pantry is bursting at the seams. Although we'd like to say that all our pantry items are fresh, the truth is we know there are some items that have gone bad or are past their best-by date. Here are the nine things in pantries that should be thrown away: cooking oils; herbs & spices; flours; dry rice and pasta; baking powder, baking soda, & yeast; nuts; maple syrup; food gifts and gifts and souvenirs you'll never use; and sprinkles.
9 Things in Your Pantry You Should Throw Away (https://www.yahoo.com/now/9-things-pantry-throw-away-100000110.html?guccounter=1)
by Jessica Yoon
** Trivia
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A: Love
Q: Who wrote songs for The Lion King?
https://www.youtube.com/watch?v=tkXNEmtf9tk
** Back in 1990, this song reached #1
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