Going Green for Earth Day

Eagle Wealth Management |



As earth day comes around again (this Saturday), we’ve been thinking a lot about how we “go green” as a team.  As Eagle Wealth has grown, we’ve welcomed plenty of changes, especially those that made us more efficient.  And we’ve carefully considered our initiatives with you in mind.  Finding solutions that save you time and reserve resources is a win-win in our book. 

Here are a few ways we’re “going green”:
  • We shifted our internal operations to paperless in 2019.  By setting up systems like secure cloud storage for document management and electronic signature, we’ve saved countless reams of paper. 
  • Our personalized Wealthview vault allows us to share documents back and forth with you.  (Helpful tip:  it also serves as secure storage for your private documents like copies of passports, birth certificates, trusts, or deeds). 
  • Starting in 2024, our tax team will also go completely paperless.  That means we’ll rely on our Tax Portal for communication, document management, and e-signature. 
  • On a smaller scale, we also have green initiatives within our office.  Between recycling, rechargeable batteries, and holding more remote meetings, we do our best to save energy and reduce waste. 
If our green initiatives have inspired you, here are some practical micro changes that don’t take a lot of work. 
  • Check out your local Buy Nothing Group to help give or receive unwanted items.
  • Need to recycle hard-to-recycle trash?  Check out companies like Terracycle that help recycle things like beauty product containers or coffee capsules. 
  • Sign up for paperless billing on your investment, insurance, or utility accounts. 
  • Love leftovers?  Try bringing your own container when eating out.  You can skip the Styrofoam (and have a more organized refrigerator too).
  • Finally get around to replacing those incandescent lightbulbs.  According to the Department of Energy, LED lights use at least 75% less energy and last 25 times longer. 
We hope these tips are helpful and you find yourself enjoying the outdoors on this upcoming earth day.

Happy Earth Day,
Your Eagle Wealth Team
 


Just a quick reminder that tomorrow is the last day to file your taxes or make 2022 contributions to certain retirement accounts.  (In most cases, the contribution deadline is the same as your tax return filing deadline.)  

As always, don't hesitate to reach out with any questions or concerns.

P.S. Please remember to send us a copy of your completed tax return!
 

 

Finding a sustainable but satisfying recipe isn’t always easy.  If you’re looking to lighten up this week’s meal plan but need something more exciting than plain old rice and beans, try these Jeweled Grains with Broccoli, Peas, and Red Onion.

Jeweled Grains with Broccoli, Peas, and Red Onion


Ingredients

  • ½ cup farro, rinsed
  • ½ cup short-grain brown rice, rinsed
  • ¼ cup black rice, rinsed
  • ½ cup frozen peas
  • 1 small red onion, peeled, halved and very thinly sliced
  • 1 teaspoon honey
  • 5 tablespoons rice vinegar
  • Kosher salt and black pepper
  • 3 tablespoons tamari or soy sauce
  • 1 tablespoon grapeseed oil
  • 2 teaspoons toasted sesame oil
  • 1 (1-inch) piece fresh ginger, peeled and finely grated
  • 1 large or 2 small heads broccoli
  • ⅓ cup unsalted pistachios
  • ¼ cup unsalted sunflower seeds
  • ½ cup dried cherries or cranberries

Directions

  1. In a medium pot, add the farro, brown rice, black rice and 1½ cups water. Stir to combine the grains, then bring to a boil over medium-high. Reduce the heat to medium-low, cover and cook until the grains are tender yet chewy, about 20 minutes. Remove from the heat. Scatter the peas on top, cover and let sit, 10 minutes.
  2. Meanwhile, in a small bowl, toss the red onion and agave with 2 tablespoons vinegar; season with salt and pepper to taste. Let macerate, 20 minutes.  Drain the onions before using.
  3. In a large bowl, stir together the remaining vinegar, tamari, grapeseed oil, sesame oil and ginger.  Holding the broccoli stalk firmly in one hand and working over the large bowl, use a sharp knife to shave the floret end into a rough dust, chopping until you reach mostly stalk.  (Reserve the stalks for another use.) Add the pistachios, sunflower seeds and tart cherries to the bowl and toss to coat.
  4. Fluff the grains and peas with a fork and transfer to the bowl; toss to coat.  Garnish with the pickled onion.

Adapted from cooking.nytimes.com

 


The Week on Wall Street

The combination of an improving inflation outlook resulted in a week of uneven, albeit positive, performance, in which cyclical and financial stocks rallied while technology, real estate, and utilities lagged. 

The Dow Jones Industrial Average gained 1.20%, while the Standard & Poor’s 500 rose 0.79%. The Nasdaq Composite index increased 0.29% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, added 2.08%.1,2,3

 

Inflation Retreat

Stocks treaded water ahead of last week’s inflation data and the start of a new earnings season. Stocks rallied on a favorable March consumer inflation report, only to falter after the release of last month’s Federal Open Market Committee (FOMC) meeting minutes, which hinted at a potential recession later this year.

After reports of a more pronounced slowdown in producer prices on Thursday, stocks surged higher, with technology and communication services companies leading the charge. A weak retail sales number on Friday shaved the gains to close out the week.
 

Trending Lower

Last week provided fresh insight into inflation, and the news was encouraging.

The Consumer Price Index (CPI) rose a very modest 0.1% in March, while the year-over-year increase in consumer prices was 5.0%, down from February’s 12-month rise of 6.0%. Declines aided the March report in groceries, gasoline, medical care, and utilities.4

The read on supplier prices was even more positive. The Producer Price Index (PPI), which many economists see as a signal of future consumer prices, declined 0.5%–the most significant monthly decline since 2020. The 12-month increase as of March was 2.7%, an easing from February’s year-over-year climb of 4.9%.5

THE WEEK AHEAD


KEY ECONOMIC DATA


Tuesday: Housing Starts.
Thursday:  Jobless Claims. Existing Home Sales. Index of Leading Economic Indicators.
Friday:  Purchasing Managers’ Index (PMI) Composite Flash.

 

Source: Econoday, April 14, 2023
The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision.


COMPANIES REPORTING EARNINGS



Monday:  Delta Air Lines, Inc. (DAL)
Tuesday:  Netflix, Inc. (NFLX), Bank of America Corporation (BAC), Johnson & Johnson (JNJ), Lockheed Martin Corporation (LMT), The Goldman Sachs Group, Inc. (GS) .
Wednesday:  Tesla, Inc. (TSLA), IBM Corporation (IBM), Lam Research Corporation (LRCX), Abbott Laboratories (ABT), Morgan Stanley (MS), U.S. Bancorp (USB), United Airlines Holdings, Inc. (UAL).
Thursday:  Tesla, Inc. (TSLA), IBM Corporation (IBM), Lam Research Corporation (LRCX), Abbott Laboratories (ABT), Morgan Stanley (MS), U.S. Bancorp (USB), United Airlines Holdings, Inc. (UAL).
Friday:  The Procter & Gamble Company (PG), HCA Healthcare, Inc. (HCA), Freeport-McMoRan, Inc. (FCX), Regions FInancial Corporation (RF).

Source: Zacks, April 14, 2023
Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice.

Disclosures and Footnotes

Any companies mentioned are for informational purposes only, and this should not be considered a solicitation for the purchase or sale of their securities. Any investment should be consistent with your objectives, time frame, and risk tolerance.

1. The Wall Street Journal, April 14, 2023
2. The Wall Street Journal, April 14, 2023
3. The Wall Street Journal, April 14, 2023
4. The Wall Street Journal, April 12, 2023
5. The Wall Street Journal, April 13, 2023
6. IRS.gov, August 8, 2022
7. Medical News Today, March 21, 2023
 

Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost.

The forecasts or forward-looking statements are based on assumptions, may not materialize, and are subject to revision without notice.

The market indexes discussed are unmanaged, and generally, considered representative of their respective markets. Index performance is not indicative of the past performance of a particular investment. Indexes do not incur management fees, costs, and expenses. Individuals cannot directly invest in unmanaged indexes. Past performance does not guarantee future results.

The Dow Jones Industrial Average is an unmanaged index that is generally considered representative of large-capitalization companies on the U.S. stock market. Nasdaq Composite is an index of the common stocks and similar securities listed on the NASDAQ stock market and is considered a broad indicator of the performance of technology and growth companies. The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) and serves as a benchmark of the performance of major international equity markets, as represented by 21 major MSCI indexes from Europe, Australia, and Southeast Asia. The S&P 500 Composite Index is an unmanaged group of securities that are considered to be representative of the stock market in general.

U.S. Treasury Notes are guaranteed by the federal government as to the timely payment of principal and interest. However, if you sell a Treasury Note prior to maturity, it may be worth more or less than the original price paid. Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors.

International investments carry additional risks, which include differences in financial reporting standards, currency exchange rates, political risks unique to a specific country, foreign taxes and regulations, and the potential for illiquid markets. These factors may result in greater share price volatility.

Please consult your financial professional for additional information.

This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. 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 is not affiliated with the named representative, financial professional, Registered Investment Advisor, Broker-Dealer, nor state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and they should not be considered a solicitation for the purchase or sale of any security. Copyright 2022 FMG Suite.