Frontwave Briefing | Third Quarter 2020


Third Quarter 2020

Investing In Your Future — Take advantage of the “good days”

You Spoke. We Listened! When you give us feedback, it doesn’t just go in one ear and out the other. We do the work to make things right. For example, based on your requests: * We added a mortgage forbearance option to our coronavirus Financial Assistance Programs. * We made it possible to view your account number and change your address through online banking. * We added our routing number in more places in online banking, and enhanced the way transaction histories are printed so you can use them when the latest statement isn’t available yet. Got any other feedback for us? We want to hear it! The next time you give us a call or complete a transaction, you may get a survey asking how we did. We really appreciate you taking a few minutes to tell us how you feel. Thank you for your Membership! Frontwave Investment Services offers no-cost, no-obligation financial health checkups for Frontwave Members. Call them at 760.439.6960 to learn more.

Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC , a registered broker/dealer and investment advisor. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/ FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. CUNA Brokerage Services, Inc., is a registered broker/dealer in all fifty states of the United States of America. This material was prepared by MarketingPro, Inc. for use by Kathy Chesney and Leslie Myers. Citations: 1 -, May 21, 2020; 2 -, May 21, 2020 - The S&P 500 Composite index is an unmanaged index that is generally considered representative of the U.S. stock market. Index performance is not indicative of the past performance of a particular investment. Keep in mind that the return and principal value of stock prices will fluctuate as market conditions change. And shares, when sold, may be worth more or less than their original cost. 3 - The Simple Dollar, May 21, 2020. FR-3111310.1-0620-0722 05292020-LA-3370 illustration shows the long-term power of “time in the market vs. timing the market.” As your financial professionals, we understand that volatility can cause anxiety, and it can be tough to sit still when it’s happening. But as we’ve seen lately, it may sometimes be best to tune out the noise and trust the strategy that’s already established. Don’t have a strategy in place yet? Now is the time to act – before you miss out on any more of those “good days.” We always look forward to answering your questions, so if you have any, please reach out and let’s set up a time to talk. Kathy or Leslie may be reached at 760-439-6960 or or 3

Provided by Kathy Chesney, ChFC, CLU and Leslie Myers, CWS Hindsight is 20/20. It’s only human to imagine what it might have been like to turn left instead of right on some fateful day. However, that sort of daydreaming is unhelpful when investing, especially when it leads you to try and time the market. Since the beginning of the COVID-19 outbreak, we’ve seen a great deal of volatility. But, in the two months since March 23rd’s record low, the S&P 500 has risen 33%. While past performance doesn’t guarantee future results, it shows how quickly market sentiment can change. 1,2 Here at Frontwave Investment Services, we prefer a disciplined approach to investing. We combine a person’s goals, time horizon, and tolerance for risk with our own understanding of the overall economic landscape. It boils down to this: in timing the market to avoid the “bad” day, you risk missing the “good” days, too. Missing even just a few of those “good days” can really add up. A national investment firm looked at a $10,000 investment into the S&P 500 for 38 years. By missing only the five best days over that period, the investment grew to $458,476. Meanwhile, if the money remained in the account untouched, it would have grown to $708,143. Past performance is no guarantee of future returns, but this


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