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Latest News

Coronavirus March 16, 2020

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Pay Yourself First February 19, 2020

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The 5 Basics of Financial Literacy January 10, 2020

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Holiday Shopping and Information Security December 2, 2019

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2019 Giving Trees are Here! December 2, 2019

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Thanksgiving Tips & Tricks November 5, 2019

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Kids Free San Diego October 16, 2019

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Three Key Steps for Female Entrepreneurs October 16, 2019

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Our Story September 11, 2019

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The Impeccable Irene September 4, 2019

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Featured

Coronavirus

Hi!
In your investing lifetime, you may only see a situation like the recent novel coronavirus (COVID-19) a few times. This is a circumstance where complete candor is necessary. The truth is that we can’t yet gauge the full economic impact, and by the time we can, the volatility may have passed.
It’s important to remember that, in terms of market declines, the recent drop isn’t unprecedented. In fact, in the last six day-to-day declines of 3% or greater, the market rebounded higher a month later. Past performance is no indication of future returns, and it’s uncertain whether history is a good teacher in this instance.1

Markets Have the Virus
Right now, markets are reacting to the news because the outcome is unknown. In a way, COVID-19 has “infected” markets all around the world. In times of market uncertainty, some traders believe the best approach is to sell. Fear is driving decisions. Nobody would blame you if this uncertainty gave you a bit of anxiety, as well.

You Don’t Buy Snow Tires in a Blizzard
By working together to develop an investment strategy that fits your risk tolerance, time horizon, and goals, we have been preparing to weather turbulence. When a blizzard hits, the people who already own snow tires are usually happier than those venturing out into the cold, hoping they’re still in stock. In the same way, it’s generally best to make decisions during periods of low market volatility. We’re in the middle of the storm right now.

Here to Support You
This may be the time you need a trusted financial professional most. During most volatility, we advise you to “stay the course,” and that generally proves to be the best course of action. In times like this, however, it’s easy to question conventional wisdom.

Remember, I am here to help you and your family during this time. Whatever decisions you make, please allow me to support you through them. Feel free to reach out to me with any questions or concerns.

Sincerely,

Steve Lindquist


steve
Steve Lindquist
stevelindquist@peakfns.com
Financial Consultant
9600 S McCarran Blvd Reno,
NV 89523
(775) 789-3140
www.gbfinancial.org

Steve Lindquist is a registered representative offering securities and advisory services through Cetera Advisor Networks LLC, member FINRA/SIPC a Broker/Dealer and Registered Investment Advisor. Cetera is under separate ownership from any other named entity. Registered address: 9600 S McCarran Blvd., Reno NV 89523. Investments are not deposits; not FDIC/NCUSIF insured; and not insured by any federal government agency. No credit union guarantee. May lose value.

1. wstreet.com, February 27, 2020

Pay Yourself First

Man smiling with blue brick background

Each month, you settle down to pay bills. You pay your mortgage lender. You pay the electric company. You pay the trash collector. But do you pay yourself? One of the most-basic tenets of sound investing involves the simple habit of “paying yourself first” – in other words, making your first payment of each month a deposit into your savings account.

The saving patterns of Americans vary widely. And too often, short-term economic trends can interrupt long-term savings programs. For example, the U.S. Personal Savings Rate jumped from 3.5% to nearly 8% in May 2008 during the housing and banking crisis. It then rose and fell sporadically as the economic environment appeared to stabilize.1 It peaked in December 2012 at 12%.1 As of 2019, the average rate has ranged between approximately 8% to 9%.1

The Genius of Pay Yourself First

Anyone who’s ever managed their own finances knows that saving can be a challenge. There seems to be an endless stream of expenses that demand a piece of each month’s paycheck. Herein lies the genius of paying yourself first: you get the cream at the top of the bucket, and not the leftovers at the bottom.

The trick is to prioritize. Make it a point to put your future first. At first, saving may mean a small lifestyle change. But most individuals want to see their net worth increase steadily. For them, finding ways to save becomes more of a long-term commitment than a short-term challenge.

Putting Your Money to Work

What will you do with the money you save?

If retirement is your priority, consider taking advantage of tax-advantaged investments. Employer-sponsored retirement plans, such as 401(k)s, can be a great way to save because the money comes out of your paycheck before you even see it. Also, as an added incentive, some employers offer to match a percentage of your contributions.2

For money you may want to access before retirement, consider placing the funds in a separate account. When the balance hits your target, you may want to move the money into investments that offer the potential for higher returns. Of course, this may mean exposing your money to more volatility, so you’ll want to choose vehicles that fit your risk tolerance, time horizon, and long-term goals.

In the pursuit of growing wealth, sound habits can be your most valuable asset. Develop the habit of “paying yourself first” today. The sooner you begin, the more potential your savings may have to grow.

Sincerely,

Steve Lindquist

steve

 

 

 

 

 

Steve Lindquist 
stevelindquist@peakfns.com 
Financial Consultant
9600 S McCarran Blvd
Reno, NV 89523 
(775) 789-3140

www.gbfinancial.org/

Steve Lindquist is a registered representative offering securities and advisory services through Cetera Advisor Networks LLC, member FINRA/SIPC a Broker/Dealer and Registered Investment Advisor. Cetera is under separate ownership from any other named entity. Registered address: 9600 S McCarran Blvd., Reno NV 89523.

Investments are not deposits; not FDIC/NCUSIF insured; and not insured by any federal government agency.  No credit union guarantee.  May lose value.

  1. Federal Reserve Bank of St. Louis, 2019
  2. Under the SECURE Act, in most circumstances, you must begin taking required minimum distributions from your 401(k) or other defined contribution plan in the year you turn 72. Withdrawals from your 401(k) or other defined contribution plans are taxed as ordinary income, and if taken before age 59½, may be subject to a 10% federal income tax penalty.

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright 2020 FMG Suite.

The 5 Basics of Financial Literacy

Man sitting at table writing in a notebook while using calculator to calculate numbers

Hi!

How literate are you when it comes to your finances? Brush up with these five basics:

  1. Credit and Debt – understanding how credit and debt work for and against you are some of the first steps toward understanding personal finance. While it’s not useful to be scared of credit and debt and avoid it entirely, there are some things to look out for.
  2. Interest – Interest can work against you, but it can work for you, too. When you take out a loan with an interest rate, it’s working against you, but when you invest early and take advantage of compound interest, it’s working for you.
  3. The Value of Time – It’s never too early to start saving. In fact, the earlier you start, the better your result. By getting started with retirement savings sooner rather than later, you can leverage the value of time to your advantage.
  4. Inflation – Inflation has the potential to eat away the purchasing power of your money. That means, with inflation, the dollar you earn today may not be worth a dollar in the future.
  5. Identity theft and safety – In the modern world, identity theft is one of the biggest threats to financial and personal safety. A cracked password or misplaced Social Security number can have big consequences on your current and future finances.

For more important information on each of these points, I invite you to check out the full article on my website.

Sincerely,

Steve Lindquist

steve

 

 

 

 

 

Steve Lindquist 
stevelindquist@peakfns.com 
Financial Consultant
9600 S McCarran Blvd
Reno, NV 89523 
(775) 789-3140

www.gbfinancial.org/

Steve Lindquist is a registered representative offering securities and advisory services through Cetera Advisor Networks LLC, member FINRA/SIPC a Broker/Dealer and Registered Investment Advisor. Cetera is under separate ownership from any other named entity. Registered address: 9600 S McCarran Blvd., Reno NV 89523.

Investments are not deposits; not FDIC/NCUSIF insured; and not insured by any federal government agency.  No credit union guarantee.  May lose value.

Holiday Shopping and Information Security

online shopping

Hi!

“There’s no place like home for the holidays,” especially if you want to get most of your shopping done online sitting in your favorite chair, sipping eggnog, and basking in the warm glow of your computer screen. If shopping without braving crowds and weather sounds attractive, you’re not alone – many consumers plan to do some or most of their holiday shopping online.

As you can imagine, when online shopping increases, online fraud increases, too. The “bad actors” take advantage of consumers’ expansive goodwill and desire for convenience to harvest their financial information and personal details for their own use. According to Security Magazine,1 the average online shopping fraud in 2017 was $227, and the percentage of fraudulent transactions has been on the rise every year. So, while you’re shopping online, here are some important things to pay attention to:

  1. Shop at trusted websites
    It’s tempting to just search for that hot toy that’s hard to find and then click through to the first website you see. Instead, look for retailers you have shopped with before. As with brick-and-mortar retailers, you can check out online shopping sites at the Better Business Bureau’s website (https://www.bbb.org/). Finally, be sure you are shopping at the retailer’s official site – watch for clever misspellings that may lead you to a decoy website.
     
  2. Make sure the site is secure
    If the site begins with “https” – watch for that “s” at the end – that’s a good sign that the online retailer is using adequate encryption technology, where your personal information will be secure. It can be convenient to register for an account with retailers you shop at frequently, but it’s safest not to let the site remember your credit card number. 

  3. Don’t shop online while using public Wi-Fi
    You might be taking a break at the local coffee shop or waiting for a couple of hours at the airport, and taking advantage of free Wi-Fi, and decide you can knock a couple of gifts off your list. This is not a good time to shop online – free Wi-Fi is unsecured and can allow a nearby bad actor easy access to your accounts and even your passwords and credit card information. Wait until you are connected to secure password-protected Wi-Fi to do any online shopping. 

  4. Pay with a credit card, not debit card
    Most major credit cards limit your liability in case of fraud, so for your online holiday shopping it’s safer to use credit cards to take advantage of that protection. (Do set a reminder to pay your balance in January!) And make sure to check your statements at least once a week and set up any account alerts available on your accounts. 

  5. Pass on deals that are “too good to be true”
    You can get some great deals if you watch carefully, but if something looks too good to be true, it usually is. There are still great deals to be had, but use the tips above to be sure you are shopping at a legitimate online retailer, not a site designed to lure you in and capture your personal information.

Professional identity theft protection can help detect additional forms of identity fraud with existing accounts, or criminal, medical, or Social Security misuse. ID360 is available to you and your family at a substantial discount because of my affiliation with Cetera Financial Group. Visit https://www.id360.com/cetera to learn more. 

Please feel free to reach out to me if you’d like more information about keeping your personal information secure. Thank you for allowing me to work with you to help you pursue your financial goals, and I wish you continued success.

Sincerely,

Steve Lindquist

steve

 

 

 

 

 

Steve Lindquist 
stevelindquist@peakfns.com 
Financial Consultant
9600 S McCarran Blvd
Reno, NV 89523 
(775) 789-3140

www.gbfinancial.org/

 
Steve Lindquist is a registered representative offering securities and advisory services through Cetera Advisor Networks LLC, member FINRA/SIPC a Broker/Dealer and Registered Investment Advisor.  Cetera is under separate ownership from any other named entity. Registered address: 9600 S McCarran Blvd., Reno NV 89523.

Investments are not deposits; not FDIC/NCUSIF insured; and not insured by any federal government agency.  No credit union guarantee.  May lose value.

1https://www.securitymagazine.com/articles/88637-online-fraud-increases-22-during-holiday-season

2019 Giving Trees are Here!

HELP LOCAL KIDS THIS HOLIDAY SEASON!

The Communities in Schools 2019 Giving Tree Program

How it works:
The “Communities in Schools Giving Tree” tags will be available starting November 18th.

  • Please bring presents back to the branch by December 13th.
  • Presents should not be wrapped, we want the families to feel the joy of wrapping the presents!
  • Please only donate NEW items, no used items.
  • Please do not donate food.

WHY DONATE?

When you donate to Communities In Schools, you are donating to an organization that has proven to decrease the dropout rate and increase on-time graduation rates. You are donating to the future of Nevada’s students, and to the future of our state and economy.