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F I N A N C I A L S E R V I C E S , L L C
616-514-3831
www.MattsonFinancial.com
JUNE 2022
HAVE I BEEN DATING T.I.N.A.? WHY INVESTMENT DIVERSIFICATION MATTERS
Bonds are at an all-time low, and federal rate increases have made them even more out of favor in the short run. As a result, many advisors and investors alike have turned to equities for their investments. Those who look strictly to bonds and stocks felt there was no other option. But now, with the war in Ukraine, inflation, and concern over COVID-19 and other dangerous viruses, equities suddenly don’t seem like the best place to keep all of your money. T.I.N.A. stands for “there is no alternative.” Too many investors fall into this trap. At Mattson Financial Services, we’re always looking at different investment types, including commodities, real estate, private equity, hedge funds, annuities, money markets, and more. We’ve learned that having alternative investments as a part of your portfolio reduces risk and increases potential returns. There is no one-size-fits-all investing strategy solution for investors. For example, buy and hold is a beneficial investing strategy due to the tax breaks, but bills introduced in Congress indicate that might be going by the wayside. That’s why having access to alternative investments in addition to different types of investing strategies is being diversified. Our portfolios are diversified not only by asset classes but also by investment strategies. By having this diversification, we’re always looking to improve the assets and portfolios of every client. Imagine your house is the nicest one on the block. The trees are trimmed, the grass is green, the paint is fresh, and everything’s working. How long do you think that would last if you don’t address problems as they crop up? Falling limbs, weeds, storm damage, rust, and drought can quickly leave your home in disrepair if you don’t pay attention. I don’t know about you, but I’ve never seen a beautiful garden without a lot of toiling behind it. Remember, it’s easier to pull a few weeds now versus a lot of weeds in a month or two. Investments are no different. Whether we’re experiencing a year like 2017 with investments continually rising or the extreme volatility of 2020, we will always face market pressure from some source. But our clients are long-term investors, and we don’t look only at what’s going on this day, week, or month — we look at overall trends in the market and adjust your portfolios with them.
Studies show that long-term investments in precious metals and real estate have performed best against short-term inflation. Asset classes like growth stocks have done well in the past, and through most of 2021 to today, but now value stocks have gotten a lot of attention with solid dividends. However, technology and health care sectors are currently struggling. Will they stay there for long? Time will tell, but we’re protecting your investments for the long haul through every stage of your life. Before retirement, your investment strategy is about putting money into diverse investments as often as possible, hoping you’ll someday build a nest egg and live off it. Once you retire, you’ll uncover a whole new set of problems and opportunities. It can be a lot to handle on your own; that’s why our motto is “have a stress-free retirement.” At Mattson Financial Services, we’re regularly monitoring your risk assets, and your guaranteed assets to provide an income stream no matter what the markets are doing.
So, sit back, relax, and watch the markets go up and down, knowing you’re taking advantage of whichever way the tide flows next.
If your friends or family are not enjoying the same peace of mind, please invite them to one of our First Friday events and hear portfolio managers explain current market conditions and future opportunities. I look forward to seeing you there, and I hope you enjoy the beginning of summer!
–Gary Mattson
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www.MattsonFinancial.com | 1
PROTECT YOUR DIGIT Leave Behind a Path for Your Loved Ones
When creating an estate plan, there are many assets to consider. Most people think about their homes, retirement accounts, and heirlooms, but one vital thing is often overlooked: their digital lives. Today, we manage so much of our personal lives through digital accounts, and a username and password combination safeguards our activities and keeps our data secure. Two-factor authentication — a second step to logging in — keeps our data even more secure. But what happens to this data after you pass? Will your family know how to access it and therefore log in to your most valuable accounts? How can you make sure the right people have access to your passwords and digital data without making yourself vulnerable? And is this necessary? Find out here!
Create a digital log. You must keep a record of all your digital profiles and login information for your loved ones before you pass. You’ll help your family avoid having to jump through hoops with various companies just to retrieve your data after you’re gone. Anything from the cable company to your bank login needs to be recorded. Then, be sure to tell your family this information exists and how to find it. Use a password manager. Because passwords are necessary, companies have created password managers to keep all of your login information secure. But not all managers are alike. The most secure options are cloud-based managers, which allow access from any location, while others require two-factor authentication, which may use a fingerprint or a code sent
UNLOCK YOUR ‘HIGH PERFORMANCE HABITS’ AND GAIN LONG-TERM BUSINESS SUCCESS!
Did “Atomic Habits” by James Clear change your life in 2018? Was “Tiny Habits” by BJ Fogg one of your top books of 2019?
As you can see, these aren’t your basic healthy habits like “drink water” and “get eight hours of sleep”! Burchard calls the first three “personal habits” and the last three “social habits,” and in the book he uses
If you’ve read those two bestsellers, you’re a step ahead of most entrepreneurs. But you might still be sleeping on one of the original books on the power of habits, which is packed with gems you can’t find anywhere else: Brendon Burchard’s 2017 read “High Performance Habits: How Extraordinary People Become That Way.” Brendon Burchard is a legend in the world of personal development coaching. Oprah.com called him “one of the most successful online trainers in history,” and more than 2 million people have taken his online courses. But with the help of your local library, you can start learning his secrets to success without paying a cent. In “High Performance Habits,” Burchard recommends six specific habits that will help you reach your personal and business goals. He calls this the HP6 model.
real-life examples to explain each habit. He also offers daily exercises that will help you form them.
It takes multiple keys to unlock each habit. For example, to demonstrate courage, Burchard says you must “share your truth and your ambitions” by telling someone about your goals every day. But that alone isn’t enough. To truly form the habit, you also need to reframe struggle and zero in on someone worth fighting for — whether that’s your team, your clients, or your children. “High Performance Habits” is a business book, but it’s also a personal development book. It will force you to dive deep into your strengths, weaknesses, and motivations to unlock your real high-performance potential. You can use it to fit more tasks into a day, increase your confidence, or become a better leader — whatever your business needs!
1. Seek clarity. 2. Generate energy. 3. Raise necessity.
4. 5. 6.
Increase productivity. Develop influence. Demonstrate courage.
Pick up a copy today to see why Andrew Burns of Medium calls this “the epitome of a book that needs more than one read.”
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TAL LEGACY
Upcoming Events First Friday Event Mattson Pop-Up Farmers Market Aug. 5, 2022 12 p.m. 3226 28th St SE, Kentwood MI 49512 Market Update at 2 p.m. First Friday Event Oct. 7, 2022 at 12 p.m. 3226 28th St SE, Kentwood MI 49512 Market Update at 2 p.m. First Friday Event Nov. 11, 2022 at 12 p.m. 3226 28th St SE, Kentwood MI 49512 Market Update at 2 p.m. Visit MattsonFinancial.com for more info!
to the phone number on file. There are many password managers to choose from, so start by doing your own research. Wired recommends 1Password for those just starting out! Talk to your attorney. If you opt out of using a password manager, an estate planning attorney can incorporate your digital logins into an estate plan. This will keep your data secure and accessible by those who need it after you pass. And even if you do utilize a password manager, it’s wise to notify your estate planning attorney. They will become your family’s go-to resource for guidance after you pass.
As with any action you take regarding your estate plan, consult with a professional you trust before making a decision.
EMILY’S
MINI NO-BAKE KEY LIME PIES
Inspired by FoodNetwork.com
TAKE A BREAK!
Ingredients
• • •
1 cup lime juice
•
1/3 cup unsalted butter, melted 1 1/2 cups whipping cream 1/2 cup powdered sugar Lime zest, for garnish
2 1/3 cups sugar, divided 2 sticks unsalted butter, softened
• • •
• •
14 eggs
12 whole graham crackers
Directions
1. In a medium saucepan over low heat, combine lime juice, 2 cups of sugar, and 2 sticks of butter. Cook until the butter melts. 2. In a large bowl, beat the eggs with a mixer and stir into lime juice mixture until combined. 3. Bring to a simmer. Stir constantly for 5–7 minutes until thick and creamy. Pour through a mesh strainer. 4. Chill lime curd for 2 hours in the refrigerator. 5. In a food processor, add graham crackers, 1/3 cup melted butter, and 1/3 cup sugar. Pulse to combine crumb mixture. 6. In a bowl, whip the cream with powdered sugar until stiff for topping. 7. In 12 small dishes or ramekins, add the crumb mixture, followed by the lime curd. Add whipped topping and garnish with lime zest.
Solution on pg. 4
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F I N A N C I A L S E R V I C E S , L L C
3226 28th Street SE Kentwood, MI 49512
INSIDE THIS ISSUE 1
The Investment Alternatives You Need
Help Your Loved Ones ‘Log In’ After You Pass Read This Book to Boost Your Performance
2
Laurel’s Mini No-Bake Key Lime Pies Mark Your Calendar!
3
4
Is Travel Insurance Worth Your Money?
**Reminder: If you have any changes to your financial situation, please notify us as soon as possible.
Investment advisory services offered through Mattson Financial Services, LLC, an SEC-Registered Investment Advisor. Insurance and annuities offered through Lakeview Financial Group, LLC. Mattson Financial Services, LLC and Lakeview Financial Group, LLC are affiliated companies.
Travel Insurance: Scam or Savior?
If you’ve ever booked a plane ticket or hotel stay online, you’ve probably been offered an opportunity to “protect” your purchase for an additional fee. Since you’re spending big dollars on your trip, you may have hovered over the option, wondering if it’s a wise investment or a quick money-making scheme. Before you buy, you should know that trip protection and travel insurance are different. When you book directly through the airline or hotel or on a travel website like Travelocity or Expedia, they offer you trip protection. These plans often provide nothing more than a voucher you can use to reschedule in the event of a cancellation — something you won’t need if you book refundable accommodations.
destination. But there may be restrictions, so always make sure you understand the terms and buy coverage that offers the protection you want. It can be hard to swallow the idea of paying more to insure yourself against an event that probably won’t happen. So, can you skip it? The risk you’re willing to take is up to you, but remember the amount of money you’re spending on travel and consider whether it’s worth protecting your investment. While you may decide against travel insurance for your weekend trip two states away, experts recommend always purchasing it for international travel or cruises due to the higher cost and potential for things to go wrong. The price, they say, is usually worth the peace of mind.
If you’re going to purchase travel insurance, you should take the time to shop around, just like you did with your accommodations. Not all plans are created equal, so read the fine print and make sure you understand what is covered — and what is not. The last thing you want is to spend your hard-earned money on a policy that leaves you holding the bag.
But you can also purchase travel insurance through a reputable third party, and these policies offer cash refunds if your trip is canceled or interrupted. They also typically cover lost or damaged bags, and high-quality policies will cover medical emergencies that occur at your
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