Bernardo Wealth Planning

Nick Bernardo give some ideas of how to use dollar cost averaging as a strategy to help smooth out the transition from cash to equities. https://lnkd.in/ev3DAB3G

Verbal Confirmation for Wire Instructions Wire transfers are an efficient way to send money, but they can also expose you to significant risks. Once a wire is sent, it’s usually irreversible, which makes verifying the recipient’s identity absolutely critical. To avoid falling victim to wire fraud, always confirm wire instructions verbally. Scammers often monitor email accounts, waiting for a chance to alter wire details and divert funds. That’s why, before sending any wire, it's essential to call the recipient using a phone number NOT provided in the email or wire instructions.

Bernardo Wealth Planning is a planning-based, family wealth advisory business with a specialty in alternative investments. Our business is growing exponentially, and we are excited to continue expanding our team! We are looking for an experienced financial advisor with a CFP? designation. Position Overview: As a Family Wealth Advisor, you will play a pivotal role in helping clients navigate their financial journeys and help them achieve their financial objectives. This position requires a blend of financial expertise, communication and networking skills, and a passion for client success. See the full job posting and apply on Indeed. https://lnkd.in/eb6snirh

Nick Bernardo and Michele Hewitt talk about the difference between tax planning and tax preparation and the importance of both. https://lnkd.in/eN23VENG

Election Ahead With less than a week ahead of the 2024 presidential election, we thought that it would be helpful to review some of our previous commentary regarding elections and markets; it has been easy to get distracted with what feels like non-stop texting campaigns that I am sure most have been receiving. Capital Group noted that since 1933, there have been eight Democratic and seven Republican presidents, and the general direction of the market has always been up. The most significant takeaway is that what should matter more to investors than election results is staying invested. Throughout the month the narrative has been growing louder that regardless of election outcome there is likely to be continued deficit spending, money supply expansion, and some degree of domestic trade protectionism. This has led to a selloff in treasuries as the 10 Year US government yield has risen from 3.8% at the start of the month to approximately 4.3%... Click BELOW to Read More... https://conta.cc/4eejyK9

At Bernardo Wealth, we prioritize your financial well-being and are always seeking to improve our client experience. We have started a CPA/Tax Preparation service designed to further integrate your financial needs seamlessly under one roof. The goal is to complete individual tax returns and deliver more in-depth/in-house tax planning. We would seek to provide Tax Strategies, Tax Prep, Tax Filing, K1's/Extensions and Document Organization for clients. We do not do business tax services, only individual returns. https://lnkd.in/e_Bi-4_X

Nick Bernardo gives his thoughts on the relationship between U.S. Presidential elections and the stock market. https://lnkd.in/ewAVuhb2

How to double your money! We are often asked the amount a sum of money can grow to in the future. A simple guide to use is the Rule of 72. The Rule of 72 is a simple formula to calculate how long it will take for an investment to double in value, based on its rate of return. To calculate the number of years until an investment will double, divide 72 by the expected annual rate of return. For example, if an investment can average an 8% annual return, it will take approximately 9 years (72 / 8 = 9) to double the invested money. If the investment earns 7%, it will take slightly more than 10 years to double, and if it earns 10%, slightly more than 7 years to double. This is why it is important to stay appropriately invested the last 10 years leading up to retirement …you may double your money! These figures do not represent a particular investment. Investment returns are not guaranteed.

Quarter in Review and Outlook As we look in the rear-view mirror, we see an eventful third quarter which brought both renewed volatility and the first rate cut since the Federal Reserve cut rates in March 2020 in response to the pandemic. While market analysts were quick to point to several culprits that led to the selloff in August and catalysts that drove the rebound that continued through September, we believe one thing is clear - the market has shifted its focus away from inflation and towards the economic outlook which stood out in Federal Chair Jerome Powell’s commentary after the 50bps rate cut. “We know it is time to recalibrate our policy to something that is more appropriate given the progress on inflation. We’re not saying mission accomplished, but I have to say we’re encouraged by the progress we have made.” As we currently sit just over a month away from election night, it is an important time to remember that elections have generally had little impact when looking at long-term investment returns as markets have often bounced back after the volatility of the primary season. Markets strongly dislike uncertainty which is why you typically see so much attention paid to elections. Once all the dust settles post-election, we believe the narrative and our focus will quickly revert back to the underlying economic outlook. Reflecting on the previous quarter and looking ahead to the next, we have found the following statistic helpful in framing uncertainty and volatility. Corrections of 10% or more have happened in 20 of the last 35 years, with the average drawdown in that timeframe being approximately 14%. We believe this is a good reminder as volatility is not only something to be expected but also to be embraced in long term investing.* * DeSprito, Tony. Taking Stock: Q4 2024 Equity Market Outlook.?BlackRock, Sep 25, 2024. Information in this commentary is gleaned from third-party sources, and while believed to be reliable, is not independently verified. This content is not intended to be tax, legal, investment, or fiduciary advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. The strategies and/or investments discussed in this material may not be suitable for all investors. Bernardo Wealth Planning recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial advisor. Past performance does not guarantee future results.

Nick?gives his thoughts on the importance of asset allocation.