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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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In the wake of the 2008-2009 financial crisis, many banks either pulled back from lending or tightened their lending standards (often at the encouragement of regulators.) This reduced the amount of funding available to businesses. The debacles earlier this year at Silicon Valley Bank and First Republic Bank made things even tighter. This opened the door for the expansion of a different funding source: private credit.
Private credit loans, which hedge funds and large asset managers often arrange, typically come with an interest rate higher than a bank might offer with stricter covenants on the borrower. But for cash-strapped companies who might not qualify under banks' relatively stricter lending standards, taking out a private loan can be an attractive, maybe only, option.
On the other side of these transactions, the loans' relatively high-interest rates make them attractive to a range of investors looking for yield, from large institutions like insurance companies to individual investors. Nonetheless, while the loans have additional protections for the lenders, they still come with potential default risk, particularly given that many borrowers are less creditworthy than other corporate borrowers and higher interest rates make loan repayments more onerous.
The flood of cash entering vehicles to take advantage of this trend ($1.5 Trillion in 2022, doubling the 2018 level) makes diligence and manager research more important than ever. At PWM, we embrace the private markets as a true diversifier to the public markets, and private credit plays a role in that. We pay particular attention to the size of the lender, its underwriting standards, its monitoring and workout process, and turndown ratio, among other criteria.
The New Kings of Wall Street Aren't Banks. (https://www.wsj.com/finance/fed-rate-hikes-lending-banks-hedge-funds-896cb20b?st=or51ckvlwwm60av&reflink=desktopwebshare_permalink)
by Matt Wirz
** Your Life
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Another advantage of current technology is the ability to monitor our loved ones from afar. This is a welcomed benefit in an era when more people prefer to age at home for as long as possible. According to the CDC, about 60% of senior citizens suffer from at least two chronic health conditions. Another report estimates that 27.2% of US adults live with multiple chronic conditions. These numbers show the importance of constantly monitoring senior relatives to ensure their safety. This article investigates various senior monitoring systems for your loved ones living alone or with a condition. These monitoring systems stay with your senior loved ones and watch over them. Depending on your system type, you can keep tabs on their well-being from miles away or across international borders. The most popular options include grandparent monitors, baby monitors for dementia patients, motion sensors and wearables, fall monitors for elderly adults, and personal safety apps like AllsWell Alert.
5 Ways to Use Technology to Monitor Elderly Parents (https://allswellalert.com/blog/technologies-to-monitor-elderly-parents)
source: AllsWell
https://www.linkedin.com/in/danheth/
https://www.linkedin.com/in/rosalynn-harvey-heth-mpa-ceps-3a3aa3191/
** Complexity Simplified
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It is estimated that approximately 50 million Americans will travel for Thanksgiving. While most drive, many will take long flights to celebrate with loved ones. Jet lag is bad enough, but sitting for long periods can cause various physical pain throughout your body. Three travel experts weigh in on their tips for making long flights less painful:
1. walking and stretching before your flight
2. staying hydrated
3. stand up and walk about the cabin every 1-2 hours
4. adjust your posture
5. do simple exercises during your flight
Check out the video link for more details.
Experts share 5 tips to avoid pain on a long flight (https://www.cnn.com/videos/travel/2023/06/01/back-pain-airplane-travel-lbb-orig.cnn)
source: CNN Travel
** Trivia
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A: Five
Q: Which nuts are used to make marzipan?
https://youtu.be/H9tEvfIsDyo?feature=shared
** Back in 1986, this song reached #1
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