It’s been a roller coaster for the past few weeks as we all watched the news on the Russian invasion of Ukraine. This isn’t a new war but one that started in February of 2014, with the invasion of the Crimean Peninsula. This current invasion is a continuation of the Russo-Ukrainian conflict. It may be helpful to note that the stock market in 2014 ended the year nicely up despite all the fears of the war.
By now you will have received email notifications of market commentary regarding the geo-political and economic issues. We will continue to advise you on strategy and perspective as events evolve and investors weigh in.
These events remind me so much of my training as a financial advisor and my more than four decades of experience working with clients and their portfolios. Quotes from Warren Buffet are familiar, “A disciplined investor is a wealthy investor because they have learned that market fluctuations are normal, and that patience pays off.” Buffett touches on the psychological nerve of most investment failures. We humans are by nature not very rational. Many will be tempted to sell out their investments when they think the market is working against them.
It is the well-tempered investor that learns to be patient, not watch the market continuously. Buffet purposes that to build more wealth it does not require you be necessarily smarter than another investor, but rather that you become more disciplined with your reaction toward the irrationality of the market. “You don’t need to be a rocket scientist,” goes a similar Buffett quote. “Investing is not a game where the guy with he 160 IQ beats the guy with 130 IQ.”
As Mercer Advisors and your McGee team reach out with current information, let us know if there is anything you need to help understand our processes and your accounts with us. Remember, we expect the markets will be volatile for a while until economic and political information is reliable.
With all the news coverage of cyber-attacks form Russia, you might want to know what Mercer Advisors is doing to protect you. Click here for Mercer Advisors Security Measures
2022 Women of Influence
For several years McGee Wealth Management has sponsored the Portland Business Journal's "Women of Influence" event and served to support women in our community. We were delighted that Mercer Advisors downtown Portland Office is joining our team in this year’s sponsorship. Mercer Advisors is a strong proponent of developing investment strategies and programs designed to address the concerns and needs of women.
This year I’ve been asked to present an award to one of the 25 winners. The program is held at the Convention Center and is designed to honor the region’s most influential businesswomen. Candidates come from every industry and profession; women who’ve made a difference in their communities, blazed a trail for the rest of us and leave a mark on the Pacific Northwest community.
Ukrainian Crisis - Local Response
On Saturday, Laurie Macielinski, her husband Damien, and their daughter Hannah, attended the Support Ukraine rally in downtown Portland. The invasion of Ukraine hits close to home for the Macielinski family. Damien's grandparents fled Ukraine during WWII and still have relatives in Lviv. His grandmother, Maria, turns 100 in a couple of weeks and the family will gather together in person and via Zoom to celebrate.
Ukrainian-Americans are deeply concerned for their homeland and people. It is empowering to see the global reaction and coming together to protest the war and find ways to help Ukrainian refugees as well as those who are still in Ukraine.Here are some ways you can help:
Razom for Ukraine
Revived Soldiers Ukraine
Medical Teams International
World Central Kitchen
Save the Children Ukraine Crisis Relief Fund
Thank you - Дякую
Celebrating Theresa Bedard, Our Special Team Member
Theresa has a special birthday recently and we wanted to spotlight her for you. She’s been an invaluable member of your advisory team and currently works remotely from Boston, Massachusetts.
Theresa Bedard grew up in Danvers, Massachusetts which was formerly known as Salem Village where the witchcraft trials began in 1692. She graduated from Seton Hall University in NJ and lived in Brooklyn and Boston before beginning her journey to the west.
In 2006, she moved to Oregon and began working for McGee Wealth Management, now Mercer Advisors running the portfolio performance software. Now 16 years later, she is Manager of Trading & Investments overseeing account activity including cash flows, trading, and investment research.
Last year after her mother’s cancer diagnosis she was able to move back to Boston and continue working remotely to be able to spend time with her family. She is enjoying the lobster, roast beef, fluffer-nutter sandwiches, and iced coffee in the winter (all the classic North Shore staples)!
Theresa has a dog and cat, Yogi and Juju who also went on the cross-country drive to move back east. Yogi got to experience first-hand the historic storm last month when Boston tied the record for the biggest single-day snowfall with 23.6 inches! To celebrate her birthday, she is traveling to NYC with some college friends.
Our son, Steve recently suggested we buy a condo in Kona Hawaii together. This March Linette Dobbins and I will join him for some relaxing vacation time. Steve has lived for many years in northern Idaho and has gone to Kona almost every winter to get out of the cold and into the sunshine. Buying a vacation place in the islands has been his dream and we’re so happy to share it with him.
May your days be filled with sunshine,
Judith McGee, L.H.D., CFP®, ChFC®
Executive Vice President and Senior Lead Advisor
Employment data for February is out this week. Job growth has been solid so far this year, with 467,000 new jobs added in January. Wages rose 0.7% in January and have risen 5.7% since January 2021.
Source: Broadridge Investor Communication Solutions, Inc.
Markets & Office Closures
Monday, May 30, 2022 -
Memorial Day - Mercer Advisors office and Markets closed.
Monday, July 4, 2022 -
Independence Day - Mercer Advisors office and Markets closed.
Monday, September 5, 2022 -
Labor Day - Mercer Advisors office and Markets closed.
Monday, November 21 through Friday, November 25, 2022 -
Thanksgiving Week - Mercer Advisors office closed entire week. Markets closed on November 24.
Monday, December 26, 2022 -
Christmas Day (observation) - Mercer Advisors office and Markets closed.
Friday, December 30, 2022 -
New Year's Eve (observation) - Mercer Advisors office closed.
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