Off Wall Street But Not Off Track

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

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

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?

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

“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

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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Behind the Curtain: My Path to MCM

After graduation in 2010 from Central Michigan University (CMU), I knew generally what I wanted from my career: to enrich people’s lives by helping them invest their hard-earned, hard-saved money. However, I didn’t have a clear idea how I would do that or how many different career paths were available within the investment management landscape. For example, there are firms that sell financial products such as mutual funds, insurance, and annuities, and there are firms that manage the money directly as a professional service, aka money managers. I knew of these different paths from my studies in college, but I was unsure which was right for me.

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Investment Strategy: Gender-Based Differences

Men own penny stocks on Mars and women have a money market account on Venus.

At least I think that’s how the saying goes…

Okay, maybe not quite like that but the point is, there are noticeable differences between genders when it comes to investing strategies. Many of these came to light just recently, since for years it was the norm for the men to handle most couples’ finances. As women became a bigger presence in the work force, waited longer to get married and couples began divorcing more frequently, women found themselves solely in charge of their own finances. Once they began to invest, based on their own values and goals, it became evident they (typically) invest much differently than their male counterparts. As an investor, a professional investment adviser and a woman myself, this idea is intriguing to me, so I decided to explore these differences…what they mean…and what to do about them.

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From Liberal Arts to Finance: The Road Less Traveled

ANW One Year

As of this month, I have officially been a part of the Meyer Capital Management (MCM) team for one year! In celebration of the past year I decided to reflect on what I learned and accomplished.

First off, I must acknowledge that a year and a half ago I did not expect to work in the finance industry, particularly for a Registered Investment Adviser. To be honest, at that time I couldn’t tell you what it meant to be a Registered Investment Adviser. In the spring of 2015, I graduated with a Bachelor of Arts degree in Political Science and Pre-Law from Northern Kentucky University. Upon realizing that I did not want to go to law school with many of my peers, I asked myself, “What exactly do I want to do with my life?”

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