Wealth Management
National elections in the United States rely on over 774,000 poll workers to operate smoothly, alongside countless other volunteers who support activities like voter registration, transportation, and canvassing. Voting is central to democracy, but it is the dedication of these volunteers that makes free and fair elections possible.
Changing how we view volunteering—from a casual choice to a vital civic duty—can strengthen communities and inspire broader participation in democratic processes. Volunteers are more likely to vote and feel deeply connected to their communities, yet the U.S. faces a decline in volunteerism that threatens its civic engagement.
To reverse this trend, organizations and governments are working to make volunteering more accessible, such as by offering paid volunteer leave or organizing voter registration drives.
Finsum: This is a great opportunity to for both community and civic engagement, and a less party centric way to engage with elections.
Gardening isn't just about growing plants; it's a wonderful way to cultivate wellness, both physically and mentally. Studies show that spending time in nature can reduce stress, improve mood, and boost overall well-being. If you've never gardened before, don't worry here are three tips to get you started:
- Pay Attention to Sunlight
Sunlight is essential for most plants, especially vegetables, herbs, and fruits. Before you decide where to plant, take note of how sunlight moves through your yard. Aim for a location that gets at least six hours of direct sunlight daily to ensure your plants thrive.
- Start with Quality Soil
Healthy soil is the foundation of any successful garden. Invest in nutrient-rich, well-drained soil. If you're planting directly in the ground, mix it into the existing soil, or use specially formulated soil for raised beds. This ensures your plants have the right environment to grow strong.
- Try Container Gardening
Short on space? Consider container gardening. Many plants, including vegetables, herbs, and flowers, grow well in pots. Choose containers that are appropriately sized for your plants and fill them with a potting mix that maintains moisture balance to prevent over- or under-watering.
Finsum: Gardening can bring a wealth of benefits from your life, from fresh produce in your daily cooking to a healthy outdoor experience.
Emerging-market stocks fell as new signs of economic trouble in China emerged, with trading volumes low due to the U.S. Labor Day holiday. The MSCI Emerging Markets Index slid 0.3%, driven by declines in Chinese giants like Alibaba and Tencent, despite gains in Taiwan Semiconductor.
The drop followed data showing that Chinese factory activity contracted for the fourth month in a row, casting doubt on the country’s growth prospects for the year. Meanwhile, currency markets are bracing for potential U.S. interest rate cuts, with upcoming economic reports likely to shape the outlook.
The Brazilian real weakened despite central bank interventions, amid rising fiscal concerns and political uncertainty in Latin America. In a related move, Hungary issued yen-denominated bonds, nearing its cap on foreign currency debt issuance.
Finsum: It will be critical to monitor exchange rates as the US begins letting rates fall, this could have a big impact on Ems
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Investors are preparing for significant shifts as U.S. elections and potential rate cuts approach in late 2024. While many have established their core holdings, adding targeted investments could help capture emerging market opportunities.
Dividend-focused strategies offer both additional income and insights into a company's growth outlook; robust dividends may signal confidence, while lower payouts could suggest caution. The T. Rowe Price Dividend Growth ETF (TDVG), for example, invests in stocks with strong financials and dividend growth potential, leveraging active management to achieve higher returns.
Over the past year, TDVG has returned 17% and averages 13% annually since its 2020 inception, using a strategy that evaluates balance sheets, cash flow, and competitive positioning.
Finsum: Investors looking to pick up equity exposure and income this fall should be eyeing up dividend ETFs.
Annuity sales surged in the second quarter, with traditional variable annuities reaching $16.5 billion, a 20% increase from the same period in 2023. Registered index-linked annuities (RILAs) led the growth, with a 45% rise in sales year-over-year.
Overall, sales of all tracked annuity types climbed 31% to $110 billion. This uptick signifies a strong demand among retirement savers for insurers to manage some of their market risks.
While variable annuities link returns to fund performance, RILAs often tie returns to investment indexes and are increasingly preferred by insurers due to easier administration and hedging. Recent SEC regulations may impact how RILAs are classified compared to traditional variable annuities.
Finsum: It’s important to monitor this ongoing classification of RILAs as this could have a significant impact on the industry.
Parkwoods Wealth Partners LLC has recently launched a new platform aiming to support registered investment advisors (RIAs) with their growth and succession planning. The platform has integrated its first partner, FMF&E Wealth Management, a Syracuse-based RIA managing approximately $358 million in assets.
Founded by industry experts including Al Sears and Ed Edwin, who have deep connections with Dimensional Fund Advisors (DFA), and Chris Gardner, formerly of FMF&E, Parkwoods plans to scale nationally. The firm is designed to help advisors maintain their independence while benefiting from centralized services like compliance and trading.
This model provides a pathway for long-term continuity and succession, focusing on maintaining professional autonomy. Parkwoods is actively looking to partner with RIAs that value evidence-based investing and a client-focused approach.
Finsum: Leveraging all the tools at your disposal can allow you to optimize your succession plan.