Greetings, Everyone,
This weekend granddaughter, Caitlin visited from Spokane with the news that she and her husband Mark will be moving to Juneau, Alaska. Mark is receiving a promotion with his company, and they are off on a new adventure.
Caitlin is a banker with Columbia Bank in Coeur d'Alene, Idaho. She shared that the banks are not getting quarters for their tellers. Covid has impacted pocket change shortages along with hand sanitizer and toilet paper. Pocket change is in such high demand that 7-Elevens offered a free Slurpee for people who traded in $5 worth of rolled coins for cash.
It takes money to make money. Did you know that a nickel costs 7.42 cents to produce, a dime 3.73 cents, a quarter 8.62 cents, and a penny 1.76 cents? I have wondered whether coins will be replaced in our monetary system since it is so expensive to mint them.
Do you have a stash of coins you’ve saved up over time? There may be some treasures hidden in that collection. A 2005 Kansas state quarter that read “In God We Rust” had a value of up to $100. A 2004 Wisconsin state quarter with an extra leaf was valued up to $1,500. The 1955 “double die” penny; Lincoln looks the same, but the “1955” and “liberty” appear to have shadows could have a value up to $1,800.
Review Your Health Coverage Annually
Open enrollment begins every year in mid-October; you can review your coverage, with the help of Medicare Plan Finder (medicare.gov/plan-compare). Remember plan options vary from state to state. The initial Medicare Enrollment Period allows you to sign up for Parts B and D when you turn age 65. The enrollment period begins three months before your birthday month and ends three months after your turn 65. It includes your birthday month.
Did You Know?
House swapping is on the rise. This is when someone stays in your house, and you stay in theirs. Do you want to spend your vacation in a romantic castle, a beach front cottage, or a town house in a vibrant city? There are more than 50 home-exchange networks to connect you with other homeowners who want to swap. The fees range from $60 to $150 but there are no rental fees.
Judith McGee, L.H.D., CFP®, ChFC®
Executive Vice President and Senior Lead Advisor
The latest reports on inflationary trends are available this week. Transitory or not, inflation has been rising for the past several months. The Consumer Price Index has risen 5.3%, the Producer Price Index is up 8.3%, import prices have increased 9.0%, and export prices have climbed 16.8%.
Source: Broadridge Investor Communication Solutions, Inc.
Please Note: McGee Wealth Management is a tradename. All services are provided by McGee Wealth Management investment professionals are provided in their individual capacities as investment adviser representatives of Mercer Global Advisors Inc. (“Mercer Advisors”), an SEC registered investment adviser principally located in Denver, Colorado, with various branch offices throughout the United States doing business under different tradenames, including McGee Wealth Management.
Mercer Advisors Inc. and/or Mercer Global Advisors Inc. WILL NOT ACCEPT time-sensitive transactional directives via email. This includes, but is not limited to a directive to buy or sell securities, instruction regarding account allocation or any other manner of change notice affecting a client account. For your protection, please do not include your social security number, account number, or any other personal or financial information in the content of the email.
Securities offered through Lion Street Financial, LLC. (LSF), member FINRA & SIPC. Investment Advisory Services offered through Mercer Global Advisors Inc., which owns and utilizes the McGee Wealth Management wordmark and logo in marketing its investment advisory and ancillary services. LSF is not affiliated with McGee Wealth Management or Mercer Global Advisors.
CONFIDENTIALITY NOTICE: This email and any attachments are strictly confidential and may be protected by legal privilege. If you are not the intended recipient, be aware that any disclosure, copying, distribution or use of this email or any attachment is STRICTLY PROHIBITED. If you have received this email in error, please notify us immediately by returning it to the sender and delete this copy from your system. Thank you for your cooperation.
Investment products are: Not deposits. Not FDIC or NCUA Insured. Not guaranteed by the financial institution. Subject to risk. May Lose Value.The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. This material is being provided for information purposes only and is not a complete description, nor is it a recommendation. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. The Dow Jones Industrial Average (DJIA), commonly known as “The Dow” is an index representing 30 stock of companies maintained and reviewed by the editors of the Wall Street Journal. The NASDAQ composite is an unmanaged index of securities traded on the NASDAQ system. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor's results will vary. Past performance does not guarantee future results. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein. Asset allocation and diversification do not ensure a profit or guarantee against loss.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
The ChFC® mark is the property of The American College, which reserves sole rights to its use, and is used by permission.
The Russell 2000 Index measures the performance of the 2,000 smallest companies in the Russell 3000 Index, which represent approximately 8% of the total market capitalization of the Russell 3000 Index.
The Global Dow is an equal-weighted stock index. It is composed of the stocks of 150 top companies from around the world as selected by Dow Jones editors and based on the companies' long history of success and popularity among investors.
Sector investments are companies engaged in business related to a specific sector. They are subject to fierce competition and their products and services may be subject to rapid obsolescence. There are additional risks associated with investing in an individual sector, including limited diversification. The companies engaged in the communications and technology industries are subject to fierce competition and their products and services may be subject to rapid obsolescence. Investing in the energy sector involves special risks, including the potential adverse effects of state and federal regulation and may not be suitable for all investors.
There is no guarantee that ESG (Environmental, Social, Governance) investment products or strategies will produce returns similar to traditional investments. ESG investment criteria exclude certain securities/products for non-financial reasons, and therefore investors may forego some market opportunities available to those who do not use such criteria.