Waypoints

Market Perspectives - First Quarter 2019

Are You Prepared? (Part III)

Equities recovered nicely in the first quarter with the S&P 500 ending up 13.6% and the Russell 2000 small cap index returning 14.5%. The International MSCI-EAFE and MSCI Emerging Market indices were both up in the 10% range. The Equity Hedge Index (HFRI) posted a 7.2% return. In fact, nearly every equity index was positive for the first quarter of 2019.

With equity markets continuing their positive surge, you may be scratching your head and thinking, “where’s all the risk everyone is talking about?”

(Click the PDF icon at right to read more...)

In the Community: Nirali goes back to school!

In the Community: Nirali goes back to school!

On January 29th, Christopher Newport University hosted a financial literacy event on campus for all students. Hayden Cochran, a junior at CNU and son of Lori Cochran, Waypoint's Operations Manager, organized the event and invited Waypoint to participate. The panel consisted of a CNU accounting professor, Waypoint's Nirali Raval, and a CEE Fund chairman. Students engaged in an interactive discussion and Q&A on topics such as establishing smart spending practices, creating a financial plan, paying for student loans, and diversifying investments. Nirali shared personal finance stories, as well as resources and tips to help students prepare for successful financial independence.

Waypoint believes it is important to engage high school and college students in financial literacy education as it positions them to be good stewards.

Did you know?

Did you know?

Now is a great time to review your charitable giving for the year. Consider giving now to avoid the year end rush and take advantage of high market valuations. Don't forget to take the time to ensure that your annual giving is aligned with your values.

Market Perspectives - Fourth Quarter 2018

Are You Prepared? (Part II)

In our last newsletter, you may remember that we talked about how hurricanes are like market corrections – no one knows when they are coming, but it is better to be prepared for the worst when a storm is looming on the horizon.

While not quite a hurricane, the fourth quarter did give us some scary moments and sent us wanting to run for shelter. 

(Click the PDF icon at right to read more...)

In the Spotlight: Waypoint's Newest Members!

In the Spotlight: Waypoint's Newest Members!

Waypoint is pleased to welcome several new members to the family! In the last several months, John Clunan got Leo, a yellow Labrador Retriever; Kelly McCarthy got Dash, who we believe is a Shepherd mix – part German, part Australian; and Susanna Dellinger got Elvis, an English Cream Golden Retriever. We couldn’t be happier about our new furry friends!

Market Perspectives - Third Quarter 2018

Are You Prepared? (Part I)

By the time the American and National Leagues sort out who will go to the World Series and college football teams wrestle to get to the National Championship game, we will be almost done with a different kind of season that is often fraught with uncertainty and havoc - hurricane season!

In sports, no matter how well prepared you are, the unexpected can happen (think Old Dominion and Virginia Tech!). Hurricanes, too, are unpredictable, and it is wise to take precautions while the sun is shining. Recently, our community was fortunate to have missed the wrath of Hurricane Florence. But not before schools and businesses were closed and thousands of people were instructed to evacuate. The inconvenience of the preparation was a small tradeoff for the reassurance that family and friends were protected no matter which way the storm turned.

Investing is much like preparing for a storm. (Click the PDF icon at right to read more...)

Did you know?

As we approach the holidays and the season of gift-giving, it is a great time to plan year-end gifts to charity and to make tax-free gifts to loved ones. If you are planning to make any gifts to charity between now and the end of the year, you may want to consider gifting appreciated securities rather than cash.

Waypoint Advisors is happy to help with these and any other year-end tax planning strategies that may be appropriate for you.

Market Perspectives - Second Quarter 2018

Walking the Tightrope - Don’t Look Down

Compared to the wild ride we experienced early in the first quarter, market volatility and high valuations settled into a more comfortable range during the second quarter. But, even though most economic indicators point to continued growth in the markets, investor emotions remain on edge, swinging between optimism and pessimism as forces that support global growth are offset by competing forces that deter growth. This balancing act causes many of us to worry, “How long will this bull market last and what could derail it?”

Click the PDF icon at right to read more...

Family Perspectives

At Waypoint, we try to view issues pertaining to wealth management through the eyes of the families we serve. Recently we conducted a survey that indicated many of our readers were interested in topics such as education strategies, taxes, estate planning and philanthropy. As a result, we are going to add a piece in our newsletter from time to time addressing these topics.

A Time of Transitions

“No graduate gets to this moment alone. I want to acknowledge your parents and grandparents and friends that are here cheering you along just as they have every step of the way.” - Tim Cooke, CEO of Apple, 2018 Commencement Speaker, Duke University

This spring it seemed as if everyone we knew had a graduation or two on the calendar. Children, grandchildren, nieces, nephews. College, high school, middle school, even kindergarten. Such excitement! Such optimism! Such buoyant confidence! A wonderful time of reflection and hope for the future (and no more tuition payments!).

Graduations remind us that life is full of transitions and that having good plans in place can help ease the anxiety of change and market uncertainty. With the slower summer months in front of us, this can be a good time to review, update, or implement family wealth strategies. 

Click the PDF icon at right to read more...

In the Spotlight: Waypoint Welcomes Kelly McCarthy

In the Spotlight: Waypoint Welcomes Kelly McCarthy

Kelly is a proud military brat and Virginia Beach local. She brings to Waypoint experience in both Family Office and Private Equity Fund Administration from Wall, Einhorn & Chernitzer, P.C. and Envest Holdings, LLC. She is on target to earn her Executive Certificate in Financial Planning from Old Dominion University this fall.

Market Perspectives - First Quarter 2018

Volatility is Back

In previous newsletters we talked about the eerie calm of the markets last year. In all of 2017, the S&P 500 index did not fluctuate more than 2% and it set 62 record highs over the year (the second most within a single year since 1990), ending up 21.8%. In contrast to the peaceful afternoon zephyrs of 2017, the first quarter of 2018 was a squall. Average daily volatility of the S&P 500 index jumped 355% in late January, with peak volatility in Q1 more than 1322% higher than the average from the prior 13 months.

In the Spotlight: Jane Short Chairs Women United Board

In the Spotlight: Jane Short Chairs Women United Board

Waypoint teammate Jane Short has been elected Chair of the Women United board for the United Way of South Hampton Roads. Founded in 2002, Women United has grown to a force of over 900 local women who through philanthropy and volunteerism are transforming the lives of women and children in South Hampton Roads. The South Hampton Roads chapter has raised more than $7 million to create the largest Women United Endowment Fund in the nation. To date, the group has invested more than $600,000 in community programs that address the issues of families in poverty.

Waypoint in the Community: Read Across America Day

Waypoint in the Community: Read Across America Day

On February 9, 2018, members of the Waypoint Advisors team participated in a national initiative called "Read Across America Day." Organized locally by the Virginia Beach GrowSmart Foundation, over 150 volunteers read in 237 classrooms and distributed 5,446 total books in every Virginia Beach Public Schools Pre-K, Head Start, Parks and Rec early childhood programs, and a variety of private childcare centers. The Waypoint team had the pleasure of reading the Dr. Seuss book, Oh the Thinks You Can Think!, to children at Parish Day School. "I cannot say THANK YOU enough!" wrote Miss Devin Cowhey, Virginia Beach GrowSmart Development Specialist. "We are so lucky to have you all as guest readers for this wonderful event. Without you, it wouldn't be possible." 

Did you know?

The recently passed Tax Cuts and Jobs Act has expanded the use of 529 plans. This tax-free way to accumulate money for college and other higher education programs now allows distributions up to $10,000 per year for K-12 education expenses at public, private or religious institutions. Waypoint can help you determine the best strategy for you and your unique situation. Virginia currently offers a tax deduction of up to $3,500 per account each year for contributions to 529 plans. If a deduction can’t be used in the year the contribution is made, it can be rolled over indefinitely to future years.

Virginia continues to receive high honors for its 529 plans.

Market Perspectives - Fourth Quarter 2017

As part of our year-end review of the markets, we decided to have a little fun and create a quiz touching on some of the interesting stories of 2017. See how you do! You will find the answers embedded in our Market Perspectives (see PDF at right) and in the Waypoints section of our website.

Quiz Answers - Fourth Quarter 2017

The answers to the quiz located in the Fourth Quarter 2017 Market Perspectives can be found in the PDF at right.

Market Perspectives - Third Quarter 2017

“Move fast, break things” – Mark Zuckerberg

FANGS, Unicorns and Silver Linings

At a recent Waypoint team meeting we had a lively discussion about industry “buzz words” – those catchy phrases or acronyms made popular by traditional and social media to describe current market trends and conditions. Some favorites: “FANG stocks” – coined in 2013 by CNBC’s Mad Money host Jim Cramer for four high performing technology stocks – Facebook, Amazon, Netflix and Google. And, more recently, high profile tech startups such as Snapchat and Uber with valuations over one billion dollars and negative cash flows, earn membership in the Unicorn Club, named for the mythical creatures that are so wonderful they can’t possibly be real. 

In the Spotlight: Congratulations Annie!

In the Spotlight: Congratulations Annie!

We are happy to announce that Annie LaChance, our Client Service Associate, married her longtime boyfriend, Dylan Huffman, on Friday, October 13th.

Annie and Dylan met nine years ago (just before Annie left town for Alabama to go to college) when they worked together at Mahi Mah’s, a popular oceanfront restaurant. Dylan is still in the hospitality business as a manager at TopGolf.

Dylan surprised Annie last November with a proposal in front of a group of good friends and family members. The wedding took place at the Oceanaire Resort in Virginia Beach. The happy couple will continue to live in their apartment on Shore Drive with their two cats, Molly and Gus.

We are all happy to officially welcome Dylan to our Waypoint family!

Waypoint in the Community: Women United

Waypoint in the Community: Women United

On October 11, Jane Short and Susanna Dellinger represented the Waypoint team at the 14th annual Women United luncheon of the United Way of South Hampton Roads.

Women United was established in 2004 by a handful of female community leaders to help transform the lives of women and children in South Hampton Roads. Over 700 women attended this year’s event pledging close to $1 million to help at-risk women find long-term economic security and self-sufficiency. The Women United Endowment Fund established in 2007 has grown to more than $6 million and is the largest such fund in the country.

Jane will be stepping us as the Chair of the Women United board at the end of the year and recently attended the annual Women United National Leadership Summit in Cincinnati. 

Did you know?

Did you know?

Every time you turn on the news, it seems that there has been another large scale data breach (Equifax, Yahoo, SEC, and the list goes on). Hackers and criminals have gotten very creative in their attempts to steal personally identifiable information and money. As consumers, we need to take every precaution we can to safeguard our information and protect ourselves from fraud. Some steps that you can take are choosing unique and complex passwords for each site that you access, choosing two-step verification for logging on to email and banking sites, never clicking on links or attachments in emails from unknown sources, and consistently monitoring your accounts for any unusual activity.

Click on the blue button to the right for more tips. 

The following list has been taken from the Department of Homeland Security's Protect Myself from Cyber Attacks website. 

The following preventative strategies are intended to help our public and private partners proactively look for emails attempting to deceive users into "clicking the link" or opening attachments to seemingly real websites:

  • Never click on links in emails. If you do think the email is legitimate, whether from a third party retailer or primary retailer, go to the site and log on directly. Whatever notification or service offering was referenced in the email, if valid, will be available via regular log on.
  • Never open the attachments. Typically, retailers will not send emails with attachments. If there is any doubt, contact the retailer directly and ask whether the email with the attachment was sent from them.
  • Do not give out personal information over the phone or in an email unless completely sure. Social engineering is a process of deceiving individuals into providing personal information to seemingly trusted agents who turn out to be malicious actors. If contacted over the phone by someone claiming to be a retailer or collection agency, do not give out your personal information. Ask them to provide you their name and a call-back number. Just because they may have some of your information does not mean they are legitimate!

Other practical tips to protect yourself from cyberattacks:

  • Set secure passwords and don't share them with anyone. Avoid using common words, phrases, or personal information and update regularly.
  • Keep your operating system, browser, anti-virus and other critical software up to date. Security updates and patches are available for free from major companies.
  • Verify the authenticity of requests from companies or individuals by contacting them directly. If you are asked to provide personal information via email, you can independently contact the company directly to verify this request.
  • Pay close attention to website URLs. Pay attention to the URLs of websites you visit. Malicious websites sometimes use a variation in common spelling or a different domain (for example, .com instead of .net) to deceive unsuspecting computer users.
  • For email, turn off the option to automatically download attachments.
  • Be suspicious of unknown links or requests sent through email or text message. Do not click on unknown links or answer strange questions sent to your mobile device, regardless of who the sender appears to be.