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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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Some people just like the taste of sausage and don't want to know how it is made. Similarly, with portfolio management, some folks just want the bottom line and begin to glaze over as soon as we dive too deep. Caveat lector!
At PRESERVE Wealth Management, Exchange-Traded Funds (ETFs) are our main investment vehicle for public stock and bond holdings. They offer many advantages over mutual funds and individual securities, but investors can't easily track the investments or activity that happens inside them. While we may hold ETFs for a long period of time, it's easy to forget the real companies underneath and the flurry of activity that happens within.
As our investment philosophy has been avoiding speculation and focusing on quality for some time now, one of our core holdings, Capital Strength, is a perfect example of what goes on unseen in your portfolio. Every three months, the 500 companies in the S&P 500 get examined, scored, and rated on four key factors:
* Cash: Each company must have at least $1 billion in cash or short-term investments.
* Debt: Each company must have a long-term debt to market cap ratio of less than 30%.
* Profitability: Each company must have a return on equity greater than 15%.
* Volatility: Companies are ranked by a combined short-term (90 days) and long-term (260 days) realized volatility.
The 50 companies with the lowest combined volatility score are selected for inclusion in the fund. 15 holdings were eliminated, and 15 new names came in. This all happens tax-free. Notable holdings that were eliminated include The Allstate Corporation and Costco Wholesale Corporation, and notable new additions include Aon and Humana.
July's full rebalance notes for Capital Strength were released last week (https://www.ftportfolios.com/Common/ContentFileLoader.aspx?ContentGUID=f98aa2a6-edfc-4cd8-a47f-d25e87152832)
source: First Trust
** Your Life
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When I was a kid, we used only iodized salt. Morton, to be exact. Iodized salt, also known as table salt, was best because it contained iodine which was an important nutrient in the body, and frankly, we didn’t know about any other salt. Fast forward to today. While I keep a small box of iodized salt in my pantry, my go-to salt is kosher. As a family (and for me as an avid cook and baker), we use kosher salt for everything. So, I keep about three big boxes of kosher salt in my pantry. I guess I started using it when many new cookbooks, cooking shows, and celebrity cooks preferred using kosher salt in their recipes. I also thought that kosher and table salt were interchangeable. Wrong! Kosher salt actually enhances the flavor of ingredients much better, void of iodine that can cause a bitter flavor. Read further to find out tips for using kosher salt and how it compares to other salts. Your recipes will thank you.
Kosher Salt: Explained (https://www.acouplecooks.com/what-is-kosher-salt/)
by Sonja Overhiser
https://www.linkedin.com/in/danheth/
https://www.linkedin.com/in/rosalynn-harvey-heth-mpa-ceps-3a3aa3191/
** Complexity Simplified
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Like many homeowners, your mortgage payment likely makes up the largest monthly household expense. Knowing when to refinance your home is critical but can be overwhelming. It’s not as easy as comparing the interest rate you locked in for your current mortgage versus the rate you can qualify for now. Bill Packer from the American Financial Resources suggests taking into account three factors: after-tax monthly savings, amount of time you intend to be in the home, and the cost to obtain the new mortgage. Once you know these three things, you can calculate your return to see if it is positive.
When to refinance your mortgage (https://www.bankrate.com/mortgages/when-to-refinance/)
by David McMillin
** Trivia
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A: Maine
Q: What is the Twitter bird’s official name?
https://www.youtube.com/watch?v=FTQbiNvZqaY
** Back in 1983, this song reached #1
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