It’s been an annual tradition of mine to put something special together to share with clients and friends for the new year. This year, the theme is “The Big Breakthrough” and it includes three powerful tools for mastering time, focus and wealth. Watch the video presentation and download the companion worksheets below:
I was challenged by a friend to put together a compilation of the most powerful tools young and middle-aged adults (those in 20’s, 30’s & 40’s) could utilize to gain maximum traction in their careers, wealth creation efforts and mastery of wealth. The presentation went so well, I decided to go in the recording studio and create a version clients and friends could share with their adult kids, nieces, nephews, grandkids and so on.
So here it is…the Big Financial Breakthrough Video and Worksheets. Click to watch the video and download the worksheets…you are moments away from taking your wealth creation and mastery to an exciting new level.
Yesterday the Fed, led by Janet Yellen, made the announcement the investment community has been expecting: A 25 basis point increase in the Federal Funds rate. The Fed voted unanimously to set the new Federal Funds rate to .25%, up from zero. The outlined path will be a gradual increase with a target rate of 1.38% by the end of 2016. Improvements in the job markets and an increasing level of inflation both supported the Feds decision to increase rates.
The increase draws a close to an unprecedented period of low rates that were part of a grandiose plan implemented by the Fed to help stimulate the economy after the turmoil in 2008. The financial markets took the rate increase announcement in stride, reflecting growing conviction among investors that the U.S. is strong enough to withstand higher borrowing costs.
The energy sector just can’t catch a break, but we see opportunities amidst the carnage.
Throughout 2015, we’ve articulated our investment thesis on MLP, specifically, midstream pipelines. We’ve stated a preference for MLPs’ with growing distributions, not simply the highest yields. We’ve discussed the growth opportunity in the buildout of energy infrastructure that places MLPs at the epicenter of America’s energy renaissance.
And most importantly, we’ve articulated the revenue of midstream pipeline MLPs is more sensitive to the volume, not price, of oil flowing through their pipes.
OPEC’s announcement last week plus a negative reaction to merger news sent nearly all energy-related stocks plunging, including MLPs. Through December 7, the Alerian MLP Index was down 39% from a year ago, with the declines of its 50 underlying constituents ranging from flat to down 80%.
But let’s now look at these companies’ financial performance. Based on the most recent financial releases as of 9/30, the 50 MLPs in the Alerian MLP Index generated a median revenue growth of 12.7%. And as for sensitivity to oil, these same 50 MLPs operating earnings (or “EBITDA”) rise 19.4% warranting a 7.3% median increase in distributions to shareholders. Not exactly financial indicators of death, right?
The giving season is upon us, and at Janiczek we are blessed to work with and guide a number of charitably minded clients whose life long mission is to give back to their favorite charities and causes on a regular basis. While their generosity and intentions really don’t revolve around the tax advantages (it is more about the philanthropies they support), to give wisely is a great way to benefit both the recipient and the donor.
So what are the main reasons for making a charitable gift? That answer may be very different from one person to the next, but I would suggest some of the more common motivations would include the following: