Monday Morning Mix: March 13-19, 2017

Monday Morning Mix

Headlines discussed at LNWM’s Monday morning briefing:

Fed rate hikes could spell end to global easing.
Manufacturing production in U.S. rises for sixth straight month.
— European relief as mainstream triumphs in Dutch election.
China’s economy gets off to strong start in 2017 as investment rebounds.
Saudi Arabia says oil-supply cuts may be extended if needed.

Disclaimer: Clicking on any of the above links will take you away from the Laird Norton Wealth Management web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.

Monday Morning Mix: March 6 – 12, 2017

Monday Morning Mix

Headlines discussed at LNWM’s Monday morning briefing:

This week, the Fed is expected to announce an interest rate hike; US Treasury bond yields edged up.
US wages rose 2.8% in Feb. and the US added 235,000 new jobs, both signs of healthy job market.
China posted its 1st monthly trade deficit in 3 years, on consumer demand and higher commodity prices.
US dollar weakened a bit against the euro, on potential for higher interest rates in Eurozone.
Oil prices slid below $50/barrel on fears of growing oversupply.

Disclaimer: Clicking on any of the above links will take you away from the Laird Norton Wealth Management web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.

Just in Time for International Women’s Day

Community, Money Matters, NextGen, Wellbeing

Great call to action by State Street Global Advisors yesterday: Placing a bronze statue of a young, determined girl to stare down the sculpture Charging Bull, a long-standing symbol of Wall Street (in Bowling Green Park in Lower Manhattan). It’ll serve as a reminder of the progress that has been made, and the work that we have yet to do.

As Forbes reported, State Street Global Advisors called on thousands of companies to increase the number of women on their corporate boards. It has been reported that 25% of Russell 3000 companies have no women on their board of directors, and women comprise less than 15% of the boards of directors of nearly 60% of Russell 3000 companies.

“One of the most iconic images on Wall Street is the charging bull,” Lori Heinel, State Street’s deputy global chief investment officer, told Business Insider. “So the idea of having a female sort of stand against the bull or stand up to the bull just struck us as a very clever but also creative and engaging way to make that statement. Even though it’s a little girl, her stance is one of determination, forwardness, and being willing to challenge and take on the status quo.”

Wealth Means More Than Money

Money Matters, Wellbeing

the phrase the big picture typed onto a piece of lined

What should all investment clients know and understand? LNWM Client Advisor Sam Craig was asked that interesting question for an article in Alaska Airlines Magazine. Here is Sam’s answer (on pages 158-160):

“Investing should be done in context of life goals and as part of an overall financial plan. This helps guide your decisions, not just about investments and returns but about how to use financial tools to create the life you want.

Wealth means more than money. Making deliberate decisions — be it about the size of your mortgage or how to pass on the family business gives you much more control over your finances and your life. It also gives structure to your spending, your ability to deal with rsk and your plan for an active retirement. Operating without clear intentions is like operating without a rudder.”

Will the Estate Tax Be Repealed?

Money Matters, NextGen

estate planning document with gavel on topKristi Mathisen, LNWM’s managing director of tax and financial planning, thinks the federal estate tax will be repealed — eventually. Kristi told the Puget Sound Business Journal (March 3 edition), that “pushing repeal into 2018 or even the next Congress is likely.”

The estate tax and gift tax are commonly linked together, said Kristi, who speculated that even if the estate tax is repealed, the gift tax (or some kind of income tax on gifted property) is likely to remain. She noted that having a gift tax prevents people from unlimited giving to avoid paying or reducing income taxes.

Another estate tax issue involves how to value family businesses. The Internal Revenue Service in August 2016 issued new proposed rules on the topic, but President Trump has since issued a moratorium on regulation changes, throwing the future of those new valuation rules into question.

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