Economic Updates, Advisor Training Tim Pierotti, Chief Investment Strategist Economic Updates, Advisor Training Tim Pierotti, Chief Investment Strategist

June Energy Prices Insights—Tim Pierotti, Chief Investment Strategist

This week, we focused on trying to better understand the potential durability of higher energy prices.

As a reminder, at WealthVest, we have a long-term view that potential GDP growth is going lower. That means, we see a real GDP growth rate that will average below 2% and an inflation backdrop that will be consistently problematic, quite unlike the grinding decline of inflation over the last four decades. For what it's worth, this is an increasingly non-controversial view among academic economists, but not one that is yet embraced more broadly on Wall Street.

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WealthVest Employees Gather for National Sales Meeting

For the first time since 2019, WealthVest, a financial services marketing and wholesaling firm, was able to bring together its nearly 100 employees and four nationwide wholesaling teams for its in-person national sales meeting in Bozeman this May.

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Alex Strandell Alex Strandell

What is your inflation hedge?

Inflation is a hidden danger in retirement. Considering retirement can last 30-40 years, increasing medical costs, food costs, housing costs and transportation costs can leave retirees far poorer if their savings do not keep pace with inflation. Many retirees depend upon fixed-income investments such as bonds and bond funds during retirement, which are not designed to keep up with inflation as these investments provide fixed coupon payments. The Federal Reserve typically combats high inflationary periods by raising the federal funds rate to ease an overheated economy. Changes in interest rates are one of the most significant factors affecting bond values in the secondary market. A truth of bond and bond fund investing is that when interest rates rise, secondary bond market prices fall.

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USAA Life Insurance Company Partners with WealthVest

USAA Life Insurance Company, a leading financial services brand for military members and their families, and WealthVest, a field-based wholesaling firm, have announced a strategic relationship to distribute certain USAA Life annuity products to select banks and broker-dealers. The new relationship is the result of an extensive search by USAA Life for a wholesaling partner that could meet USAA Life’s exacting professional service and training standards.

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Alex Strandell Alex Strandell

Consumer Price Index: A History

Inflation is the hidden danger in retirement. Considering retirement can last 30-40 years, increasing medical costs, food costs, housing costs and transportation costs can leave retirees far poorer if their savings do not keep up with inflation. Many retirees depend upon fixed-income investments during retirement, which are not designed to keep up with inflation. Social Security has cost-of-living adjustments, but sometimes it can be prudent to supplement this income. It is important to look at where inflation has been and where it may be headed to build a retirement income plan that factors in inflation risk.

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WealthVest Employees Organize Earth Day Cleanup

In celebration of Earth Day, employees at WealthVest, a Bozeman-based financial services wholesaling firm, spent the afternoon collecting and disposing of nearly 30 large, black trash bags full of items found along the roadways and greenways near their corporate office on Manley Road.

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Alex Strandell Alex Strandell

The 2 and 10-year Treasury Spread: Why this is an important economic indicator

Investing relies on predicating future trends and U.S. treasury rates remain a popular indicator. The 10-Year U.S. Treasury can be used as a proxy for mortgage rates and consumer confidence. This rate compared to a lower term rate such as the 2-Year Treasury Rate is an important barometer of the economy. When analyzing the spread between the 10-Year and 2-Year rates, the data is plotted on a graph and the changes in shape can tell a broader story.

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Alex Strandell Alex Strandell

The Last Full Measure S1E3: The War on Terror

In this episode of the Last Full Measure, there is a focus on the War on Terror. The lives and stories of Lance Corporal Kyle Carpenter, Army Staff Sergeant Salvatore Giunta and Captain Florent Groberg are all covered.

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Alex Strandell Alex Strandell

The Last Full Measure S1E2: The Great Locomotive Chase

This is the second episode of the Last Full Measure. It covers the exploits of Corporal William Pittenger and the Andrews raiders, who stole a train deep behind enemy lines, with the objective of destroying rail, bridges, and telegraph wires along the way. It's a fascinating story, and one which Corporal William Pittenger would later write about in his book Daring and Suffering. Corporal William Pittenger was one of the first recipients of the Medal of Honor.

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