News & INSIGHTS

Monthly Insights Newsletter October 2023

Pat’s Planning Post

Your Estate Plan

As many of you know, we proactively seek to understand your estate plan and provide assistance in executing your plans and strategy. Recently, we have sought to incorporate even more tools and resources in this area at Amplius.

While some clients have a great understanding of their plans and review them with the appropriate professional regularly, we also find an alarming majority of clients we interact with falls into one of three categories: (1) they have not put any plans in place; (2) the plans they put in place have not been updated or reviewed in a number of years; or (3) they don’t have a good understanding of the various components of their plan.

This is true across the vast majority of Americans. A recent Wall Street Journal article reminded us of this fact, which you can read in full here: https://www.wsj.com/personal-finance/estate-planning-will-money-family-heirs-8f2eb6e8

If you find yourself in any of the situations mentioned above, please reach out to us so we can help get the ball rolling on this exorbitantly important piece of your overall financial plan!

Schedule a call with Patrick

Liebmans’ Library

For this month, we chose another piece about rising interest rates, but with a different angle. The article from Bloomberg is about the negative returns that many bond market indices and bond funds are experiencing again in 2023. After a terrible 2022, and lackluster 2021 for the bond market, many market prognosticators were calling for rates to slide back down and for 2023 to be a good year for bonds. The opposite has happened. On of our takeaways from the article is to be wary of consensus or majority opinions. We are not contrarian, but having an independent approach and skepticism for the crowd have generously served us well. The second conclusion is that cheap prices don’t always equal good value. Bonds sold off going into 2023, so many assumed that early in the year represented a good entry point thus far, that has proven to be either wrong or early. Read the full article here.

Operations Corner with the Client Services Team

Cyber Security Resources

October is Cyber Security Awareness Month! Be proactive and stay protected.

Cybersecurity not only involves online protection of your financial accounts, but it also involves the protection of your personal information, and your online presence as a whole.

We wanted to pass along a few links/tips fo your viewing related to security and preventative measures so that you can take steps to better protect your online presence, accounts and practice safe online habits.

Please feel free to reach out to the Client Service Team if you have any questions or if you would like more information on some other tips to further protect your information.