Sniffed Links - Consumers

Big week at Divergent Planning as we welcomed Karly to the team!

Recession fears also remained a top news headline. One headline I saw pointed to Bank of America CEO saying the consumer will keep a recession from happening. I actually tend to agree. But is an economy truly “healthy” if it is relying solely on the consumer? This is why the beginning of 2019 was so important. If the markets hadn’t recovered so quickly it could have driven consumers to consume a less and thus sending the economy into a slowdown sooner.

Below are your reads for the week. As always, let us know if you want to discuss any of them. 

If you don’t do anything else, at least scan the highlights of this post. I have it bookmarked so I can refer back to it regularly. 

Vanguard has an industry favorite article explaining how advisors may add up to 3% of value to a client’s portfolio. Morningstar looks at this also and although the numbers come in lower they do admit that in certain years the value is MUCH higher. 

We have mentioned before how state pension funding is a big concern. No we are starting to get a look at how municipalities are handling it.