Category: People

Are Your Retirement Account Beneficiary Designations as Important as Your Will?

On By Amanda WaldenIn People, Personal Finance

Do you remember the last time you checked the beneficiary designations on your retirement accounts? Better yet, do you remember who is presently listed? If you answered yes to either question, you’re a step ahead of many. If you answered no, it is time for a beneficiary designation review.

Your retirement account beneficiary designations are powerful. They are legally binding and supersede your will and trust instructions. For that reason, ensuring your beneficiaries are correct and up-to-date is the best way to be certain your retirement assets are distributed exactly as you wish at the time of your passing.

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Investors’ Handling of Market Corrections is Improving

On By Hannah ButcherIn Markets, People

Humans are hardwired to avoid danger, including financial dangers. This instinct causes many investors to panic and make costly mistakes during periods of market turmoil.  A Fidelity study, however, found several positive trends among investors during the recent 4th quarter market correction. It is encouraging to see these trends and, since market corrections occur regularly, it is crucial investors repeat the actions in future market downturns.

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John Meyer Recognized for Prowess in 2018 CBC Stock Picking Contest

On By Hannah ButcherIn People

MCM’s own Director of Portfolio Management, John Meyer, scored a podium finish in the recently completed Cincinnati Business Courier 2018 Stock Picking Contest! John finished in the top 2 of 28 Cincinnati-region investment professionals. The average total rate-of-return of his 5 stock picks was +10.4% in a year when the S&P 500 Index was negative -4.4%. That’s +14.8% total outperformance versus the broader market. John’s top gainer was Veeva Systems Inc. (VEEV), a cloud-based life sciences software company. Veeva gained +58.8% in 2018.

The 2019 CBC Stock Picking contest is already under way and John is going for the win this year.

2018 CBC Stock Picking Contest

 

 

 

Off Wall Street But Not Off Track

On By Nate MachelIn People

Meyer Capital Management, LLC, welcomed me as a new-hire investment professional in June 2018. I arrived with 138 credit hours, two majors, and three prior internships as part of four wonderful years at the University of Dayton. During this time, I leveraged UD’s experiential learning philosophy to its fullest advantage. I traveled twice to New York City presentations and forums, learned basic technical analysis from a seasoned commodity trader, and worked as a health care analyst for the student-run 30-million-dollar Dayton Flyer Fund. Co-managing the Fund and contributing to its growth inspired me to pursue professional portfolio management which led me, fortunately, to MCM.

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USDA Loans Helping Millennials Crack the Housing Market

On By Amanda WaldenIn People, Personal Finance

Millennials have surpassed Baby Boomers as the nation’s largest living generation, according to the U.S. Census Bureau. This generation is forming most of the new households and buying a majority of the new and existing homes. One-half of all U.S. homebuyers are younger than age 36, according to recent housing trends.

However, while many Millennials are buying homes, many others are not. That’s because, financing hurdles are keeping a significant number Millennials out of the market. The most common roadblocks include student loan payments and high rental costs that sap the ability to accumulate a down payment on a mortgage. This results in a “rent trap” that is difficult for many to escape.

There is, however, a little-known mortgage alternative available through the United State Department of Agriculture (USDA) that can be a boon for many Millennials, as well as, other first-time homebuyers.

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Limited Time Opportunity for NEW MCM Clients

On By Hannah ButcherIn News, People

For a limited only, new MCM clients who qualify are eligible for one full-year of free equity and ETF trade commissions, making now a great time to refer someone you know!

Personal referrals are MCM’s primary source of new business growth. We are actively seeking to grow so that we can bring more of MCM’s great benefits and services to more people. We are very thankful for each referral we receive and for all of our existing clients who joined the MCM family via referral. If you appreciate someone who shared MCM with you, it’s likely someone you know will also appreciate the gesture. So…share the wealth, figuratively of course, by referring someone you know. They’ll be grateful, and we will too.

4% Rule: Made to Be Broken?

On By Hannah ButcherIn Investing, People, Personal Finance

A common concern among investors is running out of money in retirement. Combating this concern, the “4% rule” is widely presented as a simple way to help your money last. Created in 1994 by financial planner William Bengen, the 4% rule says if you withdraw 4% of your nest egg each year, adjusted annually for inflation, there is a 90% chance your money will last at least 30 years. Yet despite its notoriety, the 4% rule is not without issue.

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MCM’s Backbone: Administration

On By Amanda WaldenIn Investing, People

“I’m a Portfolio Administrator at a registered investment advisory firm, Meyer Capital Management.”

“So… you’re a secretary?”

“No, actually. I’m not a secretary.”

There is a stereotype, across various industries, that all administrative professionals are secretaries. This attitude isn’t always fair for individuals, such as myself, whose titles encompass the word “administrator,” since we are much more than secretaries. So what gave the title such a bad reputation?

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Long-Term Investor, Short-Term Attention Span

On By Hannah ButcherIn Investing, People, Personal Finance

Society has an activity addiction. We constantly need to be entertained. So much so that the average human attention span is only 8.25 seconds – down from 12 seconds a decade ago and almost an entire second less than a goldfish’s, according to Statistic Brain. Undoubtedly, millennials bring this average down a bit. 77% of people aged 18-25 said if nothing is occupying their attention, they will grab their phone, compared to only 10% of those over age 65. Begrudgingly, I can attest to this. I’m currently working to complete my MBA degree through Ohio University, which is rewarding but includes a lot of paper writing. Although I’m thriving, I’ll admit if I had a nickel for every time I checked my phone, answered a text message or opened an off-topic internet tab instead of focusing on a paper, I wouldn’t need to earn my MBA…I’d just buy one.

*stops writing this post to research the going price for MBA degree*

Obviously I can’t actually buy a graduate degree and as easy as it is to joke about the fact that many of us can’t pay attention anymore, this notion made think (impressively, for more than 8 seconds) about how investors are affected by short attention spans. This mindset makes investors hypersensitive to trading frequency (“Why didn’t my investment adviser buy anything today!?”) and short-term price movements (“She bought that for me last week, why is it already down -1%!?”). This mentality can cause investors to “act just to act,” or worse, act solely on short-term volatility.

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