Bridgeriver Advisors LLC - July 2022

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JULY 2022

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Navigating Risk in Today’s Market Does Your Risk Tolerance Change?

Nobody can predict the future — but there is one tried-and-true fact about the stock market that all finance professionals know very well. Even if it takes some time, the market always plunges and always rises.

That’s why you can’t let the market dictate your risk tolerance.

You might not realize it’s happening, either. For example, when I meet clients while the market is doing very well, they will often tell me that they have an overall big risk tolerance. They’re okay about losing money. That could be because they’re currently making money, and they’re optimistic about making more. On the other hand, when I meet clients while the market is tanking, they might describe their overall risk tolerance as very conservative. They’re nervous and don’t want to lose anything, especially in the current market.

According to Hartford Funds, there have been 26 bear markets since 1928 (with the current market possibly marking number 27). After every single bear market, a bull market has followed — and the gains can be tremendous. During bear markets, stocks will drop by around 36%. During a bull market, stocks tend to rise about 114%.

It’s hard to have peace-of-mind if your risk tolerance keeps changing. How do you know what your actual risk tolerance is, no matter how the market is doing?

Scott Nations, president of the financial engineering firm NationsShares and author of “The Anxious Investor: Mastering the Mental Game of Investing,” recently talked to CNBC about steading the course in a bear market: “Investors tend to overreact to bad news.” It might seem safer to react and pull your money out — but that’s not necessarily the case, and significant data proves it.

In other words, you don’t want to sell because the market is dropping, and you worry it’ll get worse. It always surges up … in big ways, too.

I like how Nations explains it. “If you’re a long-term investor, you should be rejoicing. You’re going to put money to work now and regularly during that period, and you get to buy at a discount.” Of course, stocks never get discounted like vitamins at the grocery store. However, in today’s market, you don’t have to pay “full price” for a profitable stock that’s going to rise in the bull market.

More Income and Less Taxes in Retirement Seminar

A simple shift in perspective — from reactionary to long-term thinking — can make all the difference in your portfolio’s success.

July 12 & 14 — 6:30 p.m. Emagine (Rochester)

July 19 & 21 — 6:30 p.m. Iroquois Club (Bloomfield Hills)

Just remember: When it rains, it pours. I tell clients all of the time that if they don’t want to lose anything, they don’t need to. However, they shouldn’t invest in the stock market. You don’t want your day-to-day worry to change your major potential profits into dire losses.

July 26 & 28 — 6:30 p.m. Filippas (Shelby Township)

Register today at BridgeriverLLC.com! Free dinner provided.

-Dan Casey

Guarantees are based on the claims-paying ability of the insurance company. Do not act without receiving an illustration.

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Go bitter or go home! Lemon juice and white vinegar are strong enough to cut through stains and smelly particles, but they’re gentle enough to keep your clothing in good condition. There are a few ways you can do this. You can soak your clothes in vinegar and cold water prior to washing. Alternatively, add a splash of lemon juice to your washing machine before washing any smoky clothes. Try adding a little H2O. Water is actually a very harsh compound. In a heated form, it has the power to kill bacteria and eliminate gnarly smells. So, if you have strong, lingering campfire smoke smells, try washing your clothes in very hot water. This will pull the smoke from your fabric. However, don’t use this method all the time. As mentioned, water can be harsh — even to the very item you’re cleaning. It’s time to keep it organic. Rather than relying on solutions or water to clean your garments, hang your smoky clothes outside. This is a useful solution for those who have items that cannot be washed at home, but it may not be completely effective. If that’s the case, try rubbing your clothes with dryer sheets to lift the smell, too! Try It: Don’t trust a home remedy with your favorite clothing item. Instead, place a few T-shirts you don’t care about near your next campfire. The following day, try a remedy on that shirt! If you run into any difficulties, consult with a trusted dry-cleaning expert.

There’s only one way to make the great outdoors even greater — the campfire. But if your campfire smell lingers on your clothes for days after you enjoy the fire, it can be anything but “great.” Kill the smell with this go-to guide. But first — why does this happen? Fabrics cling to whatever it comes in contact with, and some fabrics, like cotton, tend to cling harder than others. Smoke is light and small, so it can easily penetrate fibers of your fabric, and wood may contain chemicals and compounds that can be very damaging to clothing. Thus, not removing the smoke smell could permanently alter your clothes. Remove the Smell of Campfire Smoke KEEP THE SMOKE AT BAY

WHAT THE FRECK? Freckles Are This Summer’s Hot Look!

Good news, redheads! The freckles popping up on your face this summer are actually in style. Makeup and fashion experts have used platforms like TikTok and the runway to show that freckles can be trendy. The message is about embracing natural beauty, but some experts born without the luxury of freckles are taking matters into their own hands. Freckles are a matter of genetics. The sun activates these patches of pigmentation, so they are most commonly noticeable in those who are pale. The good news is freckles aren’t a sign of any issue. For those not blessed with these genetics, a few hacks can help achieve this look. Among some of the most popular freckle trends is using L’Oréal Paris Magic Retouch Temporary Root Spray. Those who dye their hair will recognize this product as a spray-on color for your hair intended to cover those pesky roots between dye jobs. With a small spritz, beauty experts have found this product also creates the dusty freckles of your sun-kissed dreams! Just be sure to spray the product at least 3 inches away from your face (and close your eyes!) for a more natural application. Others opt for freckle pens or utilize the old trick of applying eyebrow makeup with a fine-toothed brush. Pens often come in many different colors, so you can customize your freckle game, while eyebrow makeup is designed to enhance color and fullness of your face, much like freckles do.

However, if you’re looking at specific brands to create freckles, why not go to the source? Freck

Beauty changed the landscape of

freckle beauty options when it began in 2017. Dedicated to creating products that accentuate

natural beauty and encourage showing off freckles, Freck’s products are also vegan and cruelty free, so you can feel and look good!

If you’re a conscious beauty product user, you may be curious about personal safety, too. This is valid because not all are made with ingredients that work for every skin. It’s best to do thorough research to compare brands, read ingredient labels, and try samples first to test on a small patch of skin before using them on your entire face.

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EAT AWAY THE UV RAYS 3 FOODS THAT BOOST SKIN PROTECTION FROM THE SUN By now, most of us know how to protect our skin from the sun’s harmful rays. We apply sunscreen, wear hats and sunglasses, and opt for shaded spots to enjoy a picnic or a break. But what if we told you there was a way to do more, and it involved some really tasty food?

sun protection abilities. Likewise, grapes and berries have their own compounds that do something similar. To add these to your diet, include fruit with every meal, swap potatoes for sweet potatoes for the summer, or snack on some fresh tomatoes!

Fatty Fish You have heard that omega-3s are great for your heart, but your skin loves this compound, too. Omega-3s can limit the impact of a sunburn, which can lessen the damage sunburns do to your skin. This is due to the natural anti-inflammatory properties

The good news is that it’s true!

in omega-3s. The best source of this nutrient is in fish, like salmon, herring, or trout. Try searing these delicacies on the grill for your next barbecue.

Many studies have found that antioxidants are the key to protecting your skin from the sun’s harmful rays. While simply changing your diet won’t eliminate the need for sunscreen, you can boost the effectiveness of your sun protection habits by making a few simple swaps. Note: These benefits have only been found in the consumption of the actual food, not the consumption of the food’s nutrients in supplement form. Discuss your supplement options with a trusted medical professional before taking them. Colorful Fruits and Veggies The colors that make fruits and vegetables look so lively are the very compounds our skin loves. Foods like tomatoes, sweet potatoes, pomegranates, kiwis, and oranges all contain carotenoids, which can have

Flavorful Drinks Your morning routine just got better. Studies have found that coffee and green tea can have tremendous health benefits for your skin. One study found that drinking coffee may lower your risk of developing melanoma (a common form of skin cancer), while green tea contains polyphenols, which, much like the compounds found in fruit, can offer skin protection. Pour yourself a mug each day to reap a few benefits for your skin.

As always, consult with a trusted medical professional if you have further questions or have concerns about your skin’s health.

HAVE A LAUGH

Healthier Hot Dogs With Slaw

Inspired by RachaelRayMag.com

Ingredients

Directions

1. In a large skillet over high heat, warm the vegetable oil. Sauté the apple, onion, and cabbage and toss until wilted. Season with cumin and grill seasoning and cook for 10–12 minutes, until tender. 2. Add the vinegar and maple syrup, then toss to combine. Cook for 1 minute and set the slaw mixture aside. 3. On the grill, cook your chicken dogs according to the package instructions. 4. Assemble the works, starting with the bun and piling in the chicken dog and slaw. 5. Dig in! For an extra health boost, serve with grilled summer vegetables.

2 tbsp vegetable oil

1 green apple, peeled and diced

1 red onion, thinly sliced

1 small head red cabbage, cored and shredded

2 tsp ground cumin

1 tbsp grill seasoning

3 tbsp apple cider vinegar

2 tbsp maple syrup

8 organic chicken sausage links

8 whole-wheat hot dog buns, toasted

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PRST STD US POSTAGE PAID BOISE, ID PERMIT 411

40900 WOODWARD AVE., STE. 305 BLOOMFIELD HILLS, MI 48304

248.785.3734 WWW.BRIDGERIVERLLC.COM

INSIDE This Issue

Common Risk Tolerance Mistakes

Remove the Smell of Campfire Smoke

Should You Try the Freckle Beauty Trend?

Help Protect Your Skin With Tasty Food!

Healthier Hot Dogs With Slaw

5 Family-Friendly Patriotic Flicks

AMERICA ON THE SILVER SCREEN

5 Patriotic Movies the Family Will Love

‘An American Tail’ Follow Fievel the Russian mouse as he immigrates to America with his family in 1885. With action and anxiety-inducing antics, “An American Tail” provides younger children with history and a glimpse at the beauty of the American Dream. Plus, it’s nostalgia fodder for their parents, who likely grew up with Fievel and his family! ‘A League of Their Own’ Packed with Hollywood stars, “A League of Their Own” is inspired by the All-American Girls Professional Baseball League. Created in the depths of World War II, the league ran for 12 seasons. In the movie, two sisters must find a way to overcome their personal differences to make their baseball league a standout sport. (If you enjoy the movie, be sure to watch Amazon’s TV series!) ‘Mr. Smith Goes to Washington’ This is one black-and-white film your politically active teens may enjoy. When Jefferson Smith becomes a U.S. senator, he’s taken under the wing of Senator John Paine, but Smith soon learns Paine has more nefarious ambitions. In the film, your family will see Congress in action — and a little ribbing, too!

“You’re killin’ me, Smalls!” is probably what you will say to your kiddo when they say they haven’t watched “The Sandlot.” You may even discover they haven’t seen many America-themed classics!

So, we have just the lineup for your next family movie night. In the spirit of Independence Day, check out these family-friendly American movie favorites.

‘The Sandlot’ An obvious choice but a good one, “The Sandlot” follows a group of neighborhood kids in the 1960s who gather at the local baseball diamond to play ball. It chronicles the feeling of summertime freedom, the gut-wrenching fear of local legends, the awkwardness of first crushes, and the true meaning of friendship. Plus, that Fourth of July scene will have the family in stitches! ‘National Treasure’ You may be surprised to learn that “National Treasure” is an action-packed movie with a PG rating! Loaded with history, the movie follows a passionate historian and a team of unlikely heroes as they search for a hidden treasure, and the location has been written on the back of the Declaration of Independence. (Be sure to check out the sequel, too, and the third movie, which is slated for a 2022 release.)

Check your local library or favorite streaming service to watch these titles.

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