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3 things to consider to minimize risk and build a wealth accumulation strategy.

Risk management is an important element of a well-balanced portfolio and once of the most considered areas when building a wealth accumulation strategy. An advisor’s role is to identify the potential for market loss and then take the appropriate action to minimize the possibility of loss based on the client’s risk tolerance level. Because in the end, the overall wealth accumulation strategy must align your investment portfolio with your overall financial goals. When developing these goals, it’s important to remember a few key points:

 

The Safeguarding of assets. Sec.gov states that the safeguarding of assets “provides reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of assets that could have a material effect on the financial statements." Internal controls are key, as well as ensuring compliance with applicable laws and following regulations. These elements are essential for a knowledgeable advisor who is bound by a fiduciary responsibility to build his or her clients’ wealth while minimizing unforeseen risks. The understanding of your limits. For investors, securing downside protection for the long term is becoming a very desirable alternative. Knowing your tolerance limits to market volatility sets the strategy when weighing out the risk to return ratio, as well as providing the ability to manage or reduce risks that cannot be diversified away. This can be especially true for alternative investments, which is one of many reasons why many investors turn Midwest Wealth Management. Our experience dealing with complex types of investments like alternatives can help educated clients and help them decide whether it’s right for them. The ability to minimize losses. A proactive risk management strategy can also help minimize losses by balancing investments with other assets. This is achieved by diminishing a portfolio’s volatility and increasing its durability with such things as alternative investments, which can have a non-correlated performance relative to stocks and bonds.

 

As a private Indianapolis investment group specializing in wealth management, Midwest Wealth Management features investments that may offer significant tax advantages over a standard allocation built with stocks and bonds, and a well-balanced approach between risk and return. For more information, visit us at www.midwest-wealth.com.

 

About Midwest Wealth Management, Inc. Midwest Wealth Management, Inc. was formed by Greg Shields, a 30-year financial services veteran committed to offering sophisticated investors an alternative when looking for a more strategic path for long-term investing. As a private investment group, Midwest Wealth Management, Inc. offers a proprietary trading platform, alternative investment offerings and dedicated advisory support for a select audience. For more information, please visit www.midwest-wealth.com.

 

Appendix C. Safeguarding of Assets. SEC.gov. https://www.sec.gov/rules/pcaob/34-49544-appendixc.pdf

 

Investing in alternative investments may not be suitable for all investors and involves special risks, such as risk associated with leveraging the investment, adverse market forces, regulatory changes, and illiquidity. There is no assurance that the investment objective will be attained. All investments are subject to risk, including the loss of principal. Talk to a financial advisor before making any investing decisions.
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Identity Theft Protection: What every Indiana resident should know.

Indiana residents aren’t the only ones who shudder at the thought of someone stealing their personal information—such as their name or social security number—and using this information to apply for credit, or pay for personal or medical services. Sometimes your bank may catch unusual activity and alert you, but many times people find out after it is too late and their credit status and financial situation are compromised. And it can take time to restore your good standing to appropriate levels.

 

When it comes to identity theft, USA.gov has some tips on how to prevent it and what to do if it happens:

     

  • Shield the keypad at an ATM so someone can’t see your number over your shoulder.
  • Shred your receipts, credit offers, account statements and expired cards to prevent “dumpster divers” from retrieving your information.
  • Keep personal information in a safe, secure place in your home.
  • Always have good security software installed on your home computer to protect against your information getting stolen.
  • Create passwords that a cyber thief couldn’t easily guess.

 

If you are a victim of identity (ID) theft, report it immediately. The Federal Trade Commission and your local police department are critical in filing the complaint. Once you file with both, you will have an identity theft report that you will need to help you resolve your problem with banks and creditors. It is also a good idea to report the theft to credit reporting agencies, financial institutions where you have accounts and the retailers or companies where the fraud occurred.

 

This leads us to identity theft software. This type of protection is designed to spot signs of potential theft, and if you get hacked, to repair the damage and restore your good name. Reviews.com actually tried 18 theft protection services, looking for the ones who add real value in the scope of their monitoring (regarding credit and personal info). The other big factor was whether or not these services used a power of attorney to help restore your identity for you.

 

Here are two that they found out to be the cream of the crop. For the full review, go to http://www.reviews.com/identity-theft-protection-services/.

     

  1. ID Watchdog. If your identity has already been stolen, this is an excellent service. It is the only one that will help you recover your identity from a pre-existing theft (before membership). It also offers many affordable family options for identity protection.
  2.  

  3. Identity Force. If your identity hasn’t been stolen yet, Identify Force hits all the marks on service and price. It offers services comparable to Watchdog, such as robust monitoring and a team of professional that work to get your identity back — not just offer advice. Its features are also offered in a more modern and attractive site, and offer monitoring and restoration capabilities that matched other top finalists at a cost-effective price.

 

Identity theft is something that should always be top of mind, as a hit to your credit score isn’t the only loss you face — it usually means a reduction in your wealth accumulation. Visit us at www.midwest-wealth.com for important ways to ensure you’re utilizing a sound risk management strategy.

 

About Midwest Wealth Management, Inc. Midwest Wealth Management, Inc. was formed by Greg Shields, a 30-year financial services veteran committed to offering sophisticated investors an alternative when looking for a more strategic path for long-term investing. As a private investment group, Midwest Wealth Management, Inc. offers a proprietary trading platform, alternative investment offerings and dedicated advisory support for a select audience. For more information, please visit www.midwest-wealth.com.

 

  References: USA.gov. Identify Theft. https://www.usa.gov/identity-theft The Best Identity Theft Protection Services. Reviews.com. 29, June 2016. http://www.reviews.com/identity-theft-protection-services/http://www.reviews.com/identity-theft-protection-services/Reviews.com<
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Millennials face housing shortage, but the outlook is bright in Indianapolis.

Although median house prices are nationally lower in Indianapolis (more on this in a minute) the rate of home ownership in the second quarter of this year fell to 62.9 percent, not seasonally adjusted. This is the same percentage as it was in 1965 when the U.S. Census started tracking the metric, far from the 69.2 percent boom in the mid-2000s.

 

Why is the home ownership rate at its lowest level since 1965? Blame it on millennials for starters, who are delaying big purchases like this for a variety of reasons and are experiencing the lowest home ownership rate of their group in history. One big factor could be their constant struggle with student loans.

 

About 40 million Americans owe a total of $1.3 trillion in student loans, according to a May Federal Reserve Bank of New York quarterly household debt and credit report. In comparison, about $1.1 trillion is owed in car loans and $712 billion is due on credit cards.

 

Compounding the problem, especially as it applies to working down debt, is the lowering of real average hourly wages of these same students riddled with loans — their wages fell between 2000 and 2014, according to the Economic Policy Institute, while the Case-Shiller U.S. National Home Price Index jumped more than 25 percent, adjusted for inflation, over the same period.

 

So where can millennials go for an affordable house and a decent job market? How about Indianapolis Indiana, where the median home price is $130,000, according to property site Zillow — $58,900 below the median existing home price in America.

 

It’s about as win-win as it gets. Besides seeking the services of an experienced wealth management firm, millennials may be surprised to find others of the same ilk: Research shows that the city has more millennials than in the top 100 metro areas.

 

For more information on investing, debt reduction and other financial tips, visit Midwest Wealth Management at www.midwest-wealth.com, or call us at 877-243-4132. Like a lot of millennials, we are in the heart of Indianapolis, Indiana.   About Midwest Wealth Management, Inc. Midwest Wealth Management, Inc. was formed by Greg Shields, a 30-year financial services veteran committed to offering sophisticated investors an alternative when looking for a more strategic path for long-term investing. As a private investment group, Midwest Wealth Management, Inc. offers a proprietary trading platform, alternative investment offerings and dedicated advisory support for a select audience. For more information, please visit www.midwest-wealth.com.

 

References: Olick, Diana. Millennials Cause Home Ownership to Drop to Its Lowest Level Since 1965. NBC News. 28, Jul. 2016. Dynarski Susan. New Data Gives Clearer Picture of Student Debt. The New York Times. 10, Sept. 2015. In Recovering Housing Market, the Starter Home Remains Elusive. Reuters. 10, Aug. 2016. Popken, Ben. Millennials, Meet Indianapolis, Your New Dream City. NBC News. 5, Aug. 2016.

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