Off The Wall

Have you heard the terms "direct indexing", "custom indexing" or "factor-based investing"? This approach to investing is gaining popularity due to its ability to build allocations that are customized to an investor's unique preferences and constraints, and its ability to harvest tax losses. Interested in learning how it works and if it could be a good fit in your portfolio? Let us break it down for you!

In this episode of Off the Wall, host David Armstrong and guest-host Erin Hay welcome Patrick McStay, Relationship Management Specialist and Associate Director in Client Sales/Service at O'Shaughnessy Asset Management (OSAM). OSAM is the creator of Canvas™, a portfolio management software solution that allows advisors and allocators to create customized investment portfolios at scale.

You'll also learn about the Monument Wealth Management TRIO™ (Tax Rebalanced Index Optimized) Portfolio, which is powered by Canvas™.

"People are more and more accustomed to having customized solutions for more and more aspects of their lives… I think their investment portfolio is no different and as technology continues to grow and enable different aspects, I think that more and more clients will demand some sort of customization to be engrained into their investment portfolio." – Pat McStay

Episode Timeline/Key Highlights:

[00:50] Introducing Patrick McStay & the topic of today's episode.

[02:13] What is Canvas? & How our TRIO Portfolio uses Canvas.

[07:56] What is direct indexing and how is it used in portfolio management?

[12:19] What are stock factors?

[14:24] How factor-based investing works.

[17:04] Benefits, opportunities, and limitations of these portfolio management strategies and using the Canvas™ platform.

[26:02] Why the future of investing is customized & The history and inspiration behind Canvas.

[31:28] TRIO strategies we use to manage wealth & Our thoughts on ESG stocks.

[35:50] Advice on how to be more responsible with your investing without relying on ESG investing.

[41:20] New and exciting developments are coming for Canvas!

Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures

Resources Mentioned:

Learn more about OSAM: http://bit.ly/3lghnjo

Learn more about Canvas: https://canvas.osam.com

Listen to the Invest Like the Best with Patrick O'Shaughnessy Podcast: http://bit.ly/3DObdgG

About Patrick McStay:

Patrick McStay is a Relationship Management Specialist and Associate Director in Client Sales/Service at O'Shaughnessy Asset Management (OSAM). Prior to joining OSAM, Patrick worked at Morgan Stanley in their Wealth Management practice. He previously held positions at Beck Mack and Oliver, LLC and Royal Bank of Scotland. Patrick holds a Bachelor of Science in Business Administration and Management from Providence College.

Connect with Patrick:

Connect with him on LinkedIn: https://www.linkedin.com/in/patrickmcstay

Connect with Monument Wealth Management:

Visit our website: https://bit.ly/monumentwealthwebsite

Follow us on Instagram: https://bit.ly/MonumentWealthIG

Follow us on Twitter: https://bit.ly/MonumentWealthTW

Connect with us on LinkedIn: https://bit.ly/MonumentWealthLI

Connect with us on Facebook: https://bit.ly/MonumentWealthFB

About "Off the Wall":

Off the Wall is a podcast aimed at helping you answer the questions: What is the point of my wealth, and what actions can I take to accomplish that purpose? Your answers to those questions will be different from everyone else's. As Wealth Managers, we're skilled at helping our clients think through these challenging, but important, questions.

Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.

This is the final episode in our 3-part political series on how politics impacts the economy, markets, and your wealth.

Recently, we had Reince Priebus and Bob Stine on the show. Each guest gave their perspective on politics and the economy, offering a Republican and an economist's view – now it's time for the Democratic take.

In this episode of Off the Wall, hosts David Armstrong and Jessica Gibbs welcome Steve Elmendorf to the podcast. Elmendorf is a political strategist and Co-Founder and Partner of Subject Matter, a strategic communications and government relations consulting firm.

Steve offers his Democratic viewpoints on the potential showdown over the debt ceiling, his predictions on crypto regulation, and how the Democrats might (if at all) impact federal taxes in 2023 and beyond.

Who would be better candidates for the 2024 presidential election than Joe Biden and Donald Trump? What politicians might lead the 2024 primaries? Tune in to hear Steve's candid answers!

"The Republican side, in the House, has a position that is not sustainable. What they're advocating for, in terms of spending cuts in return for raising the deficit, it couldn't pass in their own group, let alone in the broader Congress and get signed by the president."

– Steve Elmendorf

Episode Timeline/Key Highlights:

[00:50] Introducing Steve Elmendorf & the topic of today's episode.

[02:28] A Democratic view of the 2022 midterms.

[04:58] Should investors be concerned about the debt ceiling?

[08:19] Steve's worries about the debt ceiling timing and a potential government shutdown.

[10:35] Where is the Democratic party going in 2023?

[15:20] Tax planning for 2023 and beyond.

[15:53] Up-and-coming "next generation" politicians we should be paying attention to (in both parties).

[19:11] Potential frontrunners in the 2024 Republican and Democratic primaries.

Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.

Resources Mentioned:

Listen to the episode with Reince Priebus: https://bit.ly/priebus

Listen to the episode with Bob Stine: https://bit.ly/bobstein2

Learn more about Subject Matter: http://bit.ly/3ZT1mzC

About Steve Elmendorf:

Steve is widely recognized as one of Washington, D.C.'s., preeminent political strategists. With a career on Capitol Hill and in politics spanning more than 30 years, Steve's tenure in Washington has been grounded in daily interaction with the White House, administration officials, senators, members of Congress and leading interest groups on the front lines of the economic, social, domestic, national security and foreign policy debates of the last decades. Steve rose to the highest-level Democratic staffer in the House of Representatives as chief of staff to House Democratic Leader Richard Gephardt.

Upon leaving the Hill, he served as a senior advisor to the Gephardt, Kerry and Clinton presidential campaigns. Since 2006, Steve has represented some of the nation's most important corporations, trade associations and organizations on critical legislative and regulatory issues, helping to drive their businesses, build their brands and expand their market shares. He has been a frequent guest on CNN, MSNBC and Fox News, and is consistently listed among the most influential leaders in Washington by Politico, The Hill, GQ and other national publications.

Connect with Steve:

Follow him on Twitter: https://twitter.com/SteveElmendorf

Connect with him on LinkedIn: https://www.linkedin.com/in/steve-elmendorf-83a4164

Connect with Monument Wealth Management:

Visit our website: https://bit.ly/monumentwealthwebsite

Follow us on Instagram: https://bit.ly/MonumentWealthIG

Follow us on Twitter: https://bit.ly/MonumentWealthTW

Connect with us on LinkedIn: https://bit.ly/MonumentWealthLI

Connect with us on Facebook: https://bit.ly/MonumentWealthFB

About "Off the Wall":

Off the Wall is a podcast aimed at helping you answer the questions: What is the point of my wealth, and what actions can I take to accomplish that purpose? Your answers to those questions will be different from everyone else's. As Wealth Managers, we're skilled at helping our clients think through these challenging, but important, questions.

Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.

2023 is finally here…and we have some important things to reflect on.

2022 was a year full of negative performance in many markets, but it just goes to show that you must keep your eye on relative performance in a year as volatile as 2022.

In this episode of Off the Wall, hosts David Armstrong and Jessica Gibbs are joined by Erin Hay and Nate Tonsager from Monument's Portfolio Management team to discuss some key takeaways from 2022 that you can carry with you into the New Year.

Listen in to hear their annual market recap for 2022 – highlighting some broad market indicators, surprises we encountered, and the biggest lessons we can carry into 2023. They talk about why it's important to know what stocks you own, how to decide whether to keep your cash or invest it, and what they're specifically watching in 2023. They also share their opinion on why you might want to rethink ESG investing strategies.

Thank you to everyone who tuned into Off the Wall in 2022! We can't wait to continue in 2023. If you have an idea for an episode or a guest you'd like us to bring on, email us at [email protected]. Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.

Episode Timeline/Key Highlights:

[00:50] Introducing the topic of today's episode.

[01:38] Broad Market Indicators for 2022

[04:28] What performed well in 2022?

[05:45] What equity markets did and didn't perform well in 2022?

[10:34] Why public non-traded REITS are a bright spot of 2022.

[11:51] The biggest economic surprises of 2022.

[18:32] Positive takeaways from 2022 you can take into the New Year.

[28:29] What we're watching in 2023: Growth stocks, commodities, non-US stocks, and more!

[30:00] Here's another way to "file this away" for another time…

[32:09] 2023 Predictions + Will inflation surge higher in 2023 or have we hit peak inflation?

Resources Mentioned:

Here's (Almost) Everything Wall Street Expects in 2022: https://bloom.bg/3Xj69IM

Here's (Almost) Everything Wall Street Expects in 2023: https://bit.ly/3VYppdv

Connect with Monument Wealth Management:

Visit our website: https://bit.ly/monumentwealthwebsite

Follow us on Instagram: https://bit.ly/MonumentWealthIG

Follow us on Twitter: https://bit.ly/MonumentWealthTW

Connect with us on LinkedIn: https://bit.ly/MonumentWealthLI

Connect with us on Facebook: https://bit.ly/MonumentWealthFB

About "Off the Wall":

Off the Wall is a podcast aimed at helping you answer the questions: What is the point of my wealth, and what actions can I take to accomplish that purpose? Your answers to those questions will be different from everyone else's. As Wealth Managers, we're skilled at helping our clients think through these challenging, but important, questions.

Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.

Bob is back!

Robert Stein, Deputy Chief Economist at First Trust Advisors, joins us again for our final episode of the year. With the midterms in the rear view and 2023 just around the corner, many people are wondering: What is the 2023 economy going to look like? What can we expect for the 2024 presidential election? Why are gas prices coming down? What can we expect with inflation and the housing market over the next two years?

In this episode of Off the Wall, hosts David Armstrong and Jessica Gibbs get Bob's take on the 2022 midterm results and his predictions for a looming 2023 recession and the 2024 presidential election.

Bob shares his perspective on who will and will not run for president in 2024, how inflation and home prices will change in 2023, and what changes we can expect in government over the next two years.

"I think there's going to be a lot of paralysis on Capitol Hill and spending time on investigations. I'm not pro or con, it's just how they're going to spend their time, looking into various things. There's not going to be a lot of legislation on new territory, whether it's green energy, whether it's tech, whether it's taxes, those bills will not get to the President's desk." – Bob Stein

Episode Timeline/Key Highlights:

[01:15] Introducing Bob Stein & The topics of today's episode.

[03:08] Addressing the 2022 Midterms Results: Why did the Republican party lose a seat in the Senate and barely capture the House?

[08:49] Were the 2022 Midterm elections a rebuke of President Trump?

[09:35] The Democrats' strategy during the primaries to throw money and advertising behind Trump-endorsed candidates

[10:36] Bob's thoughts on the Republican presidential run: What chance does Trump have to get nominated? What chance does Ron DeSantis have to get nominated? Are any candidates being overlooked?

[14:27] Will Biden run for president again? Will Kamala Harris run again?

[15:56] Why is Gavin Newsom so popular?

[18:53] Would Biden run with Newsom?

[19:54] Taxes, infrastructure, tech, green energy, fuel prices, inflation - Bob's predictions for the future.

[22:39] Why are gas prices coming down?

[25:25] Changes in the government, inflation, and housing we can expect in the next two years.

[37:33] Are mortgage interest rates going to increase in 2023?

Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.

Resources Mentioned:

Listen to Bob's episode from June 2022: https://bit.ly/3fU48CH

About Robert Stein, CFA:

Bob is Deputy Chief Economist at First Trust Advisors. He is responsible for managing forecasting and analyzing economic indicators as well as writing economic commentaries.

Prior to joining First Trust, Bob was Assistant Secretary for Economic Policy at the U.S. Treasury Department. While there, Bob was responsible for briefing the Secretary of the Treasury on U.S. macroeconomic developments and formulating policy proposals. Day to day, he was responsible for leading a team of twenty economists conducting in-depth economic analysis and research.

Between 1996 and 2002, Bob was chief economist for the Senate Budget Committee on Capitol Hill and an economist for the Senate Banking Committee and Joint Economic Committee. Prior to his tenure on Capitol Hill and the Treasury Department, Bob was a journalist for Investor's Business Daily where he covered the economy and authored many front-page stories.

Bob received a BA in both Economics and Government from Georgetown University. He is also a CFA Charterholder.

Connect with Bob:

Connect with him on LinkedIn: https://www.linkedin.com/in/robert-stein-4234ba18

Follow him on Twitter: https://twitter.com/BobStein_FT

Connect with Monument Wealth Management:

Visit our website: https://bit.ly/monumentwealthwebsite

Follow us on Instagram: https://bit.ly/MonumentWealthIG

Follow us on Twitter: https://bit.ly/MonumentWealthTW

Connect with us on LinkedIn: https://bit.ly/MonumentWealthLI

Connect with us on Facebook: https://bit.ly/MonumentWealthFB

About "Off the Wall":

Off the Wall is a podcast aimed at helping you answer the questions: What is the point of my wealth, and what actions can I take to accomplish that purpose? Your answers to those questions will be different from everyone else's. As Wealth Managers, we're skilled at helping our clients think through these challenging, but important, questions.

Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.

Who makes the laws that impact Americans? Politicians! We all know that every story has multiple sides. So, in this episode of Off the Wall, hosts David Armstrong and Jessica Gibbs welcome Reince Priebus, former White House Chief of Staff for President Donald Trump and chairman of the Republican National Committee (RNC), to give a Republican viewpoint on what is happening in American politics.

Reince shares his take on the recent midterm elections, the future of the Republican party, and how these will impact the average American.

You'll hear Reince speak about the role of media in the intense political division in America, why it's so hard to fix the immigration problem, what's on the Republican legislative agenda for the next two years, and much more.

Episode Timeline/Key Highlights:

[00:09] Introducing Reince Priebus & The topics of today's episode.

[05:41] What happened in the 2022 midterms?

[10:26] Why wasn't there the "red wave" that people talked about coming into the midterms?

[12:16] How can the Republican Party change their messaging to capture the attention of the 9% of Americans who are Independent?

[16:00] Could a non-partisan, middle-centrist presidential candidate get elected?

[18:55] Where is the Republican Party headed, especially with Donald Trump announcing his candidacy to rerun for president? Is the Republican Party moving away from Trump?

[22:30] In Reince's view, what kept Joe Biden from supporting a strong border? What drives us to vote against people who stand up for movements we believe in?

[24:40] Why you shouldn't let your personal opinions about politics drive your investing decisions. + What is on the Republican legislative agenda for the next two years?

[27:35] Realistically, what issues could President Joe Biden tackle in the next two years?

[29:30] Why is it so hard to fix immigration?

[34:38] Why are Democrats getting elected in border states if illegal immigration is such a problem in those states?

Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.

About Reince Priebus:

Reince Priebus currently serves as the President of Michael Best & Friedrich LLP, a nationwide law firm with more than 260 attorneys. Prior to joining Michael Best, Reince was named White House Chief of Staff shortly after the 2016 Presidential campaign.

Prior to managing the White House staff, Reince served as chairman of the Republican National Committee. Before serving as RNC Chairman, Reince served as chairman of the Republican Party of Wisconsin. He was named by Time Magazine as one of the 100 most influential people in the world in both 2016 and 2017.

Reince previously served as a visiting Fellow at Institute of Politics at Harvard Kennedy School and is currently an officer in the U.S. Navy Reserve. Additionally, he is also an exclusive speaker with the world-wide speaking company, The Washington Speakers Bureau.

Reince received his Juris Doctor degree, cum laude, from the University of Miami School of Law. He practiced as a corporate litigator at Michael Best's Milwaukee office for many years before moving to the D.C. area. He was raised in Kenosha, Wisconsin and is a die-hard Packers fan.

Connect with Reince:

Follow him on Twitter: https://twitter.com/Reince

Read his full bio at https://michaelbest.com

Connect with Monument Wealth Management:

Visit our website: https://bit.ly/monumentwealthwebsite

Follow us on Instagram: https://bit.ly/MonumentWealthIG

Follow us on Twitter: https://bit.ly/MonumentWealthTW

Connect with us on LinkedIn: https://bit.ly/MonumentWealthLI

Connect with us on Facebook: https://bit.ly/MonumentWealthFB

About "Off the Wall":

Off the Wall is a podcast aimed at helping you answer the questions: What is the point of my wealth, and what actions can I take to accomplish that purpose? Your answers to those questions will be different from everyone else's. As Wealth Managers, we're skilled at helping our clients think through these challenging, but important, questions.

Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.

If you're an entrepreneur who's considering selling your business, tune in to gain valuable advice and insight into preparing for and going through the process.

In this episode of Off the Wall, hosts David Armstrong and Jessica Gibbs welcome Kevin DeSanto, the Co-Founder, Managing Director, and Investment Banker at KippsDeSanto & Co. Kevin has broad experience providing advisory services to companies going through mergers and acquisitions and working with business owners looking to sell their business.

By the end of this discussion, you'll learn some of the biggest mistakes people make when selling a business and how to avoid them during your own business exit. Kevin breaks down the required planning and preparation along with the step-by-step process from attracting investors to completing a transaction. He also highlights the factors that influence the valuation of your business, your options for receiving the proceeds of the sale, and much more.

"When you're thinking about going through a process of potentially selling your business or bringing an outside investor in, you have to think about your business as an actual full-scope lifecycle business, not just a capability or a solution. It's a very different way of thinking. It's a very different way of articulating your story." – Kevin DeSanto

Episode Timeline/Key Highlights:

[01:00] Introducing Kevin DeSanto & The topics of today's episode.

[02:40] Breaking down the process and timeline of a business sale transaction.

[11:09] The benefits of getting a business valuation and managing expectations before selling.

[14:54] Preparing for the emotional side of selling your business.

[17:03] Major mistakes entrepreneurs make when exiting their business.

[23:08] Options for receiving proceeds from a sale: Cash, earnouts, retained ownership, etc.

[35:21] The role of the M&A attorney and investment banker in a business sale transaction.

[39:04] Tips for maximizing the efficiency and reducing the cost of a business sale.

[40:58] Why the last few days of a transaction are the most intense.

[43:09] About KippsDeSanto & Co.

[46:27] Is the business sale process for large companies different for small businesses?

Resources Mentioned:

KippsDeSanto & Co.: http://bit.ly/3Ef78Tv

About Kevin DeSanto:

Kevin DeSanto is the Co-Founder, Managing Director, and Investment Banker at KippsDeSanto & Co., where he focuses on executing and providing advice on M&A and financing transactions for companies in Government Contracting, Aerospace & Defense, and Technology. Kevin leverages his unique combination of investment banking and entrepreneurial experience to help clients make informed decisions around selling a business. He leads teams that advise senior management, boards of directors, and shareholders. He helps companies assess value and make strategic decisions while quarterbacking them through the exciting yet cumbersome M&A process.

Connect with Kevin:

Connect with him on LinkedIn: https://www.linkedin.com/in/kevin-desanto

Connect with Monument Wealth Management:

Visit our website: https://bit.ly/monumentwealthwebsite

Follow us on Instagram: https://bit.ly/MonumentWealthIG

Follow us on Twitter: https://bit.ly/MonumentWealthTW

Connect with us on LinkedIn: https://bit.ly/MonumentWealthLI

Connect with us on Facebook: https://bit.ly/MonumentWealthFB

About "Off the Wall":

Off the Wall is a podcast aimed at helping you answer the questions: What is the point of my wealth, and what actions can I take to accomplish that purpose? Your answers to those questions will be different from everyone else's. As Wealth Managers, we're skilled at helping our clients think through these challenging, but important, questions.

Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.

Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.

Are you or someone you know approaching age 65 soon? This is the episode for you! Tune in to this episode to learn how to sign up for Medicare health insurance and choose the right Medicare plan for you.

In this episode of Off the Wall, hosts Jessica Gibbs and Emily Harper welcome John Norce, the President and Founder of Medicare Portal, an independent organization that offers education and guidance in navigating Medicare so you can make informed decisions regarding your healthcare benefits. Throughout the conversation, John provides valuable information and advice you need for enrolling in Medicare in 2022 and beyond.

You'll learn about the cost of Medicare and Medigap coverage, when you'll be eligible for Medicare, the potential benefits of changing your Medicare Part D plan each year, how to appeal your Income-Related Monthly Adjustment Amount (IRMAA) bracket, which is connected to your Medicare Premium and income and much more.

Episode Timeline/Key Highlights:

[00:50] Introducing John Norce & The topics of today's episode.

[02:14] Explaining the different "parts" of Medicare (Parts A-D, G, and F).

[06:17] Which Medicare plan is right for me? Which Medicare plan is the most popular in 2022?

[07:42] The flexibility of Medicare & Important things to consider when enrolling in Medicare.

[10:06] About the Medicare Advantage Open Enrollment Period (OEP).

[10:49] How to choose the right Medicare plan for your retirement, especially if you'll be traveling.

[17:57] Tips for managing your Medicare Part D plan.

[22:03] Who is eligible for Medicare health insurance?

[28:52] Medicare Costs & How the Income-Related Monthly Adjusted Amount (IRMAA) impacts your Medicare premium.

[37:57] How Medicare expenses are projected to change over the next 10 years.

[44:54] How to avoid the biggest mistakes people make when enrolling in Medicare (Tune in if you have COBRA!).

Relevant Resources Mentioned:

Medicare Portal: https://bit.ly/3MRGz9F

Medicare Enrollment Checklist: https://bit.ly/3MHxU9T

About John Norce:

John Norce is the President and Founder of Medicare Portal, an organization that offers guidance in navigating Medicare so you can make informed decisions regarding your healthcare benefits. Today, with a collection of foremost industry thought leaders and entrepreneurs, Medicare Portal has become an authority in Medicare education and enrollment.

Currently, John serves as the Northern Virginia Chapter President of the National Association of Financial Advisors, where he also contributes monthly to their Advisor Today publication. Additionally, he is an active member of the National Association of Health Underwriters and the Financial Planning Association.

John is passionate about finding ways where he can impact the Medicare Portal family and his community. For over a decade, he was blessed with the opportunity to grant wishes through the Make-A-Wish foundation, and for the past 30 plus years, he was privileged to coach youth baseball and basketball across Northern Virginia. Finally, he enjoys his role as a certified continuing education instructor as it provides him the opportunity to educate his professional associates on Medicare.

Connect with John:

Connect with him on LinkedIn: https://www.linkedin.com/in/john-norce

Connect with Monument Wealth Management:

Visit our website: https://bit.ly/monumentwealthwebsite

Follow us on Instagram: https://bit.ly/MonumentWealthIG

Follow us on Twitter: https://bit.ly/MonumentWealthTW

Connect with us on LinkedIn: https://bit.ly/MonumentWealthLI

Connect with us on Facebook: https://bit.ly/MonumentWealthFB

Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.

Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.

We're talking about bonds—yes, you read that right! Bond yields are going up. If you haven't wanted to invest in bonds in recent years because yields were low, is now the time to reconsider adding bonds to your portfolio?

Monument's Asset Management Team of Dave Armstrong, Erin Hay and Nate Tonsager is back to recap what went on in the markets in Q3 2022 and to give their thoughts on bond yields, owning bond ETFs vs individual bonds, and bond ladders.

Off the Wall co-host Jessica Gibbs also asks them for a look ahead to the final quarter of the year and predictions for where markets may be going.

Relevant Resources & Episodes Mentioned:

Listen to the Off the Wall episode on recent market volatility: https://monumentwealthmanagement.com/resource/quick-update-on-the-recent-market-pullback/

Dave's blog post "You Don't Remember the Pullbacks Where You Didn't Make Mistakes": https://monumentwealthmanagement.com/weekly-market-commentary/you-dont-remember-the-pullbacks-where-you-didnt-make-mistakes/

Dave's blog post on investor sentiment: https://monumentwealthmanagement.com/weekly-market-commentary/feeling-like-crap-what-investor-sentiment-is-saying-right-now-and-what-its-suggesting-about-the-future/

Dave's blog post and chart showing the odds are in investors' favor: https://monumentwealthmanagement.com/weekly-market-commentary/2022-outlooks/

Connect with Monument Wealth Management:

Visit our website: https://monumentwealthmanagement.com

Follow us on Instagram: https://www.instagram.com/monumentwealth

Follow us on Twitter: https://twitter.com/MonumentWealth

Connect with us on LinkedIn: https://www.linkedin.com/company/1137603

Connect with us on Facebook: https://www.facebook.com/MonumentWealthManagement

About "Off the Wall"

Off the Wall is a podcast aimed at helping you answer the questions: What is the point of my wealth, and what actions can I take to accomplish that purpose? Your answers to those questions will be different from everyone else's. As Wealth Managers, we're skilled at helping our clients think through these challenging, but important, questions.

Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.

Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.

Last week's market volatility flirted with a bear market as sell-offs deepened. Analysts are much less confident where stocks and the economy are going. A lot of investors thought the Fed was getting inflation under control, but the Consumer Price Index (CPI) for August told a different story. A lot of companies are revising their outlooks downward because the landscape has changed.

Is all this making you feel anxious? Nervous about the future? Question if you're going to be ok? All of the above?

Erin Hay, Monument's portfolio manager, joins Off the Wall hosts Dave Armstrong and Jessica Gibbs to talk about the market sell-off and why it happened. They also breakdown what's going on in the bond market, inflation, and consumer sentiment.

Relevant Resources Mentioned:

American Association of Individual Investors (AAII) Sentiment Survey: https://www.aaii.com/

About "Off the Wall"

Off the Wall is a podcast aimed at helping you answer the questions: What is the point of my wealth, and what actions can I take to accomplish that purpose? Your answers to those questions will be different from everyone else's. As Wealth Managers, we're skilled at helping our clients think through these challenging, but important, questions.

Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.

Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.

Connect with Monument Wealth Management:

Visit our website: https://bit.ly/monumentwealthwebsite

Follow us on Instagram: https://bit.ly/MonumentWealthIG

Follow us on Twitter: https://bit.ly/MonumentWealthTW

Connect with us on LinkedIn: https://bit.ly/MonumentWealthLI

Connect with us on Facebook: https://bit.ly/MonumentWealthFB

Are you going through a divorce or thinking of filing for divorce? Wondering how divorce will impact your finances? Tune in to learn from a divorce financial planning expert.

In this episode of Off the Wall, hosts David Armstrong and Jessica Gibbs welcome Stacy Francis, the President and CEO of Francis Financial and a nationally recognized financial expert who specializes in divorce financial planning. Stacy is here to talk about how to prepare financially for a divorce with tips and advice on managing your money before, during, and after a divorce.

Listen in to learn the power of understanding what your financial assets are, everything you should do before you negotiate your divorce agreement, and how to create a financial checklist for divorce. You'll gain insight into how you can ensure your business assets, inheritance, and children are protected throughout the divorce process. Plus, you'll learn the most overlooked type of asset Stacy sees in divorce cases.

Episode Timeline/Key Highlights:

[00:50] Introducing Stacy Francis & The topics of today's episode.

[02:20] 3 things you should know going into a divorce.

[08:50] Ways financial assets and income can be hidden.

[11:21] Thinking of getting a divorce? Here are the top 3 things you should and should not do.

[15:19] How to find and choose a Certified Divorce Financial Analyst (CDFA®) & How they charge.

[19:08] Getting a divorce? This is what should be on your financial checklist for divorce.

[27:53] Rapid Fire Questions:

• Should we sell our house or keep it?
• If a spouse came into the marriage with assets from starting their own business, what part of the business is the ex-spouse entitled to?
• Is my ex-spouse entitled to part of my inheritance in the divorce?
• Can stock options or RSUs be divided in a divorce agreement? Who pays the taxes?
• When is the best time to start working with a financial advisor during divorce?

[38:40] Stacy's recommendations on picking the right divorce professionals for you.

Francis Financial conducted a study on women who are going through or have gone through a divorce. The results shed light on the emotional, legal, and financial difficulties that women face during and after divorce. You can access their white paper online and share it with others here: https://francisfinancial.com/divorce

Relevant Resources Mentioned:

Francis Financial: https://bit.ly/3KIcrg3

Learn about Savvy Ladies: https://bit.ly/3AIOPmJ

Listen to the Financially Ever After Podcast: https://bit.ly/3B4AVwB

Mint: https://mint.intuit.com

Personal Capital: https://www.personalcapital.com

Unveiling the Unspoken Truth: The Financial Challenges Women Face During and After Divorce: https://bit.ly/3RASf1T

Institute of Divorce Financial Analysts (IDFA): https://institutedfa.com

Questions to Ask a Certified Divorce Financial Analyst (CDFA®): https://bit.ly/3q3Lud0

About Stacy Francis:

Stacy Francis is the President and CEO of Francis Financial. Francis Financial is a fee-only boutique wealth management, financial planning, and divorce financial planning firm dedicated to providing ongoing comprehensive advice for successful individuals, couples, and women in transition such as divorce or widowhood.

She is a Certified Financial Planner™ (CFP®), Certified Divorce Financial Analyst® (CDFA®), Certified Grief Recovery Specialist® and Certified Estate and Trust Specialist (CES™) with over 20 years of experience in the financial industry. Stacy is also the host of the Financially Ever After podcast and the author of "Financial Help for Widows: A Complete Resource Guide" as well as "Unveiling the Unspoken Truth: The Financial Challenges Women Face During and After Divorce".

Stacy is a nationally recognized financial expert, being one of 20 of the nation's leading wealth managers on CNBC's Digital Financial Advisor Council, a member of the Forbes Finance Council, as well as an expert contributor for The Wall Street Journal. She has appeared in hundreds of media outlets and has received numerous industry awards.

As much as 10% of all Francis Financial proceeds are donated to charities, including Savvy Ladies™, a nonprofit organization founded by Francis to educate and empower women to take control of their finances. Savvy Ladies has helped over 20,000 women through free one-on-one financial counseling, workshops, and retreats.

Connect with Stacy:

Connect with her on LinkedIn: https://www.linkedin.com/in/stacyfrancis

Connect with Monument Wealth Management:

Visit our website: https://bit.ly/monumentwealthwebsite

Follow us on Instagram: https://bit.ly/MonumentWealthIG

Follow us on Twitter: https://bit.ly/MonumentWealthTW

Connect with us on LinkedIn: https://bit.ly/MonumentWealthLI

Connect with us on Facebook: https://bit.ly/MonumentWealthFB

About "Off the Wall":

Off the Wall is a podcast aimed at helping you answer the questions: What is the point of my wealth, and what actions can I take to accomplish that purpose? Your answers to those questions will be different from everyone else's. As Wealth Managers, we're skilled at helping our clients think through these challenging, but important, questions.

Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.

Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.