Spring into Financial Transparency

Eagle Wealth Management |

Spring has finally arrived here in Central Oregon, despite the chilly temperatures lately.   The days are getting longer, the birds and the bees are doing their thing, and people everywhere are thinking about future travel and finances.  Something about the spring causes us to look to the future, which can sometimes mean assessing any less-than-ideal financial behaviors. 

A recent poll from the National Endowment for Financial Education shows that 43% of adults with combined finances who are also in a relationship admitted to committing an act of financial deception.  While that may not be an incredibly happy statistic, it tells us something about real-life relationships.  When we mix love and money, life can get messy — and that’s perfectly normal. 

But good news — spring is also a time for renewal, and just because certain financial behaviors have happened in the past doesn’t mean you can’t have a fresh start.

Sure, discussing money with a partner can be awkward, but imagine those discussions after you make that larger-than-usual purchase.  It doesn't exactly put a spring in your step.

So how do you move forward?  You get comfortable talking about money and consistently have these conversations. 

Try setting a “money date” and ask each other some of these open-ended questions:
  1. What do we have that you feel grateful for?
  2. What is your biggest fear around money?
  3. What do you need to feel safe in a conversation about how you spend or make money?
  4. On a scale from 1 to 10 (1 = never, 10 = always), how often do you think about money?
  5. How can I help you feel secure when you’re worried about money?
  6. What are your hopes and dreams when it comes to our money?
Still need some more help talking about the details of your joint finances?  Check out 5 Rules for Having Constructive Conflict Conversations about Money from the Gottman Institute.

Whether it's discussing a future purchase with your partner, or helping you pursue your mutual financial goals, please remember your Eagle Wealth team is a resource.  That’s why we always prefer both partners to attend review meetings.  It’s one of the best ways to improve transparency and helps us all get on the same page. 

As always, we’re here to help you navigate the complexities of personal finance so don’t hesitate to reach out.

Happy spring,
Your Eagle Wealth Team

Register Today — Eagle Wealth Exclusive Live Webinar!


We invite you to join Mat Hunnicutt, CFP®, Practicing Partner of Eagle Wealth, and City National Rochdale Portfolio Manager, Robert Meckstroth, CFA, for a private webinar on the latest developments and what's ahead for the economy and markets.  

In this conversation, we'll examine what's happened in the past quarter and discuss everyone's big question — where do we go from here?


Thursday, April 6th, 2023

1:00 pm PDT

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Our friends at Charles Schwab recently let us know about a new scam that’s been circulating.  Some investors have received calls or emails from fraudsters pretending to be employees of Charles Schwab or other reputable companies.  Please take a moment to prepare yourself just in case you’re contacted in the future. 

Here’s how the scams work

  1. Scammers make contact and suggest there’s an urgent “refund” or “suspicious trade” and they need remote access to your account. 
  2. The impersonators will often work in teams and “transfer you” to the “Fraud Department” in order to appear more legitimate. 
  3. Then, they ask you to verify your personal information for security purposes but are actually collecting your sensitive data. 

How to protect yourself

  • Be skeptical.  Confirm whether the company in question is actually trying to contact you.  Remember you can always hang up and call back.  Use the customer service phone numbers listed on your account statements or legitimate corporate websites.
  • Never give sensitive information like your credit card details or your Social Security number over the phone unless you’re certain you know who you’re speaking with.
  • Don’t automatically trust your caller ID.  Scammers now have the technology to make their phone number appear just like a genuine business number. 

If you are contacted by one of these scammers, be sure to Report the incident to the Federal Trade Commission.  For more information check out our How to Protect Yourself from Scams guide.  It has helpful explanations of common scams to look out for.


The Week on Wall Street

Stocks rallied last week on receding fears of a widening banking crisis, led by resurging investor interest in technology and communication services names.

The Dow Jones Industrial Average gained 3.22%, while the Standard & Poor’s 500 added 3.48%. The Nasdaq Composite index rose 3.37% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, advanced by 3.34%.1,2,3

Tech Leads Rally

An absence of further bad news in the banking sector made for a good week, with high-quality technology and communication services stocks leading the market. While easing banking worries laid the groundwork for the week’s positive gains, growing conviction that Fed rate hikes were ending and positive inflation data out of Europe helped support the renewed enthusiasm for stocks.

Encouraging inflation data on the domestic front on Friday also added to the gathering optimism, igniting further gains to cap a satisfying week for investors.


Inflation Grinds Lower 

In an otherwise news-light week, Friday saw the release of February’s personal income and outlays report, which provides insight into inflation and consumer expenditures, the dominant contributor to economic growth.

The Personal Consumption Expenditures Price Index (PCE), the Fed’s preferred measure of inflation, rose 0.3% for the month, below market expectations and below the prior month’s 0.6% jump. The year-over-year increase of 5.0% improved from January’s rise of 5.3%. Energy prices declined, partially offsetting increases in food, goods, and services. Personal income rose 0.3%, while consumer spending increased 0.2%.4



Monday:  Institute for Supply Management (ISM) Manufacturing Index.
Tuesday:  Factory Orders. Job Openings and Turnover Survey (JOLTS).
Wednesday:  ADP (Automated Data Processing) Employment Report. Institute for Supply Management (ISM) Services Index.
Thursday:  Jobless Claims. 
Friday:  Employment Situation.

Source: Econoday, March 31, 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.


Wednesday:  Conagra Brands (CAG).
Thursday:   Constellation Brands (STZ).
Source: Zacks, March 31, 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, March 31, 2023
2. The Wall Street Journal, March 31, 2023
3. The Wall Street Journal, March 31, 2023
4. CNBC, March 31, 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.