Wednesday you should have gotten an email from me about your 1009 being posted in your Client Portal and hopefully, you’ll receive a paper version in the mail.
Here is a tutorial on how to log on and find it in your Client Portal!
The first batch of 1099s went out on January 27 th: if you get a large envelope from Schwab, save it for your CPA! Do we need to change your Risk Profile. Take our Risk Assessment! Today’s job numbers were stronger than horse radish and employment is now the lowest since 1969: this is a good news / bad news thing. The good news is that the much-predicted recession might be further out and the bad news is that the FED will keep raising rates, possibly as high as 6%. The market is rallying on the hope that the FED will cut rates later in 2023. Your Client Portal is a great tool and here is how to get logged on:
Click on the Desktop Site link or the Mobile Site for your mobile device:
2. Your Schwab email address is your login: this is your temp password: Portal2022 3. Change your password to one you can remember once you get logged in: don’t hesitate to email me if you get stuck and I can reset it if you get locked out. What you will find: Overview will show you charts and graphs about your income, asset allocation and account values. Accounts let you look at each account over different time frames.
Click into the Vault, find Schwab documents in the Custodian Documents Folder:
Statements, 1099s and tax reports the day they are available
SAA’s docs are in the Shared Files.
Performance Reports from me after end of the quarter.
Investment Management Fee Reports.
Documents you’ve signed with Schwab and SAA will be here.
Meeting and research reports, so you have them ahead of time.
We can create a folder for our meetings, and you can create folders to upload secure documents like your tax return. You can also share documents that will help me with your financial plan: 401k info; insurance policies; bank statements, and estate planning documents. Please know that Advyzon is the backbone of many investment firms and it is a secure cloud service. I am confident your secure information is safe here.
Why does it matter to you? We are in an epic battle between the market and the FED and I believe the FED will win and I’m hoping we do have a soft landing when a recession does arrive. Volatility is not going away any time soon and this means we need the right risk profile for you.
This next piece is way too long, but I didn’t see any other way to talk about the century of abuse that Corporate America has dished out to us. Today, ESG--Sustainable Impact Investing and shareholder activism is essential to our well-being, in spite of the national hate-attack on ESG. It is insulting to hear it called “WOKE Capitalism” when we have been poisoned by companies trying to make a buck! Here are two examples. When gas fumes kill...Facing skeptical reporters at a press conference in October 1924, Thomas Midgley dramatically produced a container of tetra-ethyl lead and washed his hands in it. "I'm not taking any chance whatever" Midgley declared. Midgley was - perhaps - being a little disingenuous: he had recently spent several months in Florida, recuperating from lead poisoning. Some of those who'd made Midgley's invention hadn't been so lucky. The week before Midgley's press conference at a Standard Oil plant in New Jersey, a worker named Ernest Oelgert started hallucinating. By Friday, he was running around the laboratory, screaming in terror. On Saturday, dangerously unhinged, his sister called the police and he was taken to the hospital and forcibly restrained. By Sunday, he was dead and within the week, so were thirty-nine of his co-workers. The first production line in Ohio had already been shut down after two deaths and a third plant in New Jersey had also seen fatalities. Workers kept hallucinating insects - the lab was known as "the house of butterflies" Better working practices were touted to make tetra-ethyl lead safe to produce, but many questioned if it was sensible to add it to petrol, when the fumes would come out of every car’s tail pipes. In spite of this, a century ago, when General Motors had first proposed adding lead to petrol to improve performance - scientists were alarmed. They urged the government to investigate the public health implications. Midgley breezily assured the surgeon general that "the average street will probably be so free from lead that it will be impossible to detect it" although he conceded that "no actual experimental data has been taken." The bureau's report was published amid the media frenzy over Oelgert's poisoned workmates, giving tetra-ethyl lead a clean bill of health. In spite of some skepticism, leaded gas began flowing from gasoline pumps. y 1973, the EPA began an effort to phase out leaded gasoline, NPR reports. By the mid-1980s, gasoline for vehicles used in the U.S. was primarily unleaded, but leaded gas was not entirely prohibited or phased out until 1996. It is estimated that burning leaded gasoline caused millions of premature deaths, and significant declines in IQ levels. Where there is fire, there is smoke Let’s move on to another product we first thought would improve our lives: cigarettes. During the 1800s, they increased in popularity and by the Civil War, a federal tax was first imposed on cigarettes. Cigarette manufacturing quickly became a major U.S. tobacco product and in 1902, Philip Morris began marketing the rugged Marlboro man. An entire generation of young men returned from World War I addicted to cigarettes and by 1924, over 70 billion cigarettes were sold in the US. In 1956, a Surgeon General’s scientific study group determined that there was a causal relationship between excessive cigarette smoking and lung cancer and in England, the Royal College of Physicians in emphasized smoking’s causative role in lung cancer and by 1992, the Environmental Protection Agency (EPA) classified ETS as a “Group A” carcinogen, the most dangerous class of carcinogen. Tobacco began to be outlawed in public spaces and states began to sue the tobacco industry to recover Medicaid costs for tobacco-related illnesses: in forty-six states eventually filed similar suits. On November 23, 1998, the tobacco industry approved to a 46-state Master Settlement Agreement, the largest settlement in history, totaling nearly $206 billion to be paid through the year 2025. This settlement agreement has flowed into the budgets of every community's health and well-being programs. Despite enormous progress in reducing smoking, tobacco use is still the leading cause of preventable death, and it kills more than 5.4 million people, worldwide annually – more than AIDS, alcohol, car accidents, illegal drugs, murders and suicides combined. The World Health Organization estimates that well over 100 million people died of tobacco related causes in the 20th century and that 1 billion people will die, worldwide. The human cost is inestimable, and it is estimated that there has been more than $240 billion spent annually, in healthcare spending in the U.S. alone. Why does it matter to you? I believe the key to living, and surviving, what Corporate America sells to make a dollar at our expense, is ESG: Sustainable Impact Investing. Activism and refusing to take it laying down is how I remain positive, and empowered. Activists are not going away and our world is better because of it. Consider SAA to be at the hub of the movement to ensure citizens are at the table when decisions are being made about the issues that impact our world.