KFA Blog

Lisa Thuer Participates In BlackRocks' RIA Leadership Summit Women In Advisory

 

For Immediate Release:

 

LISA THUER, LOCALTRADING & RESEARCH SPECIALIST, PARTICIPATES IN BLACKROCK’S
RIA LEADERSHIP
SUMMIT FOR WOMEN IN ADVISORY

__________________________________________

 

Palatine, Illinois, March 13, 2017 – Lisa Thuer of Kabarec Financial Advisors, Ltd., a Palatine-based trading and research specialist, recently participated in an exclusive Leadership Summit organized by BlackRock – the world’s largest investment manager – for leading female financial advisors.

 

At this prestigious two-day educational program, held March 7-8 in New York City, a select group of female advisors at top Registered Investment Advisor (RIA) firms met with BlackRock investment professionals to discuss the outlook for investing in 2017 and timely investment themes. The event featured a panel of female RIA leaders offering personal perspectives on how to overcome challenges and create success for women in the financial advisory profession.

 

“This special opportunity to gather with some of the brightest minds across the industry has equipped me with a valuable new set of investment insights to share with clients,” said Thuer. “In addition, hearing the powerful testimonies of other female leaders at the Summit gave me a fresh appreciation of the strengths that female advisors bring to our profession – and renewed my commitment to supporting the next generation of women in the field.”

 

Speakers at the BlackRock Summit included Hollie Fagan, head of BlackRock’s RIA business; Deborah Winshel, head of BlackRock’s Impact Investing business; and Heidi Richardson, head of Investment Strategy for U.S. iShares, the firm’s exchange-traded fund (ETF) business. 

 

About Lisa Thuer

Influenced at an early age her father who often talked about investing and actively bought and sold stocks, Lisa developed a love of the markets. This passion lead her to a career in financial services.

Lisa started in the financial services industry after college.  She began in 1990 working on the retail side. At Kabarec Financial Advisors Lisa's main area of focus is researching new investment ideas for clients’ portfolios.  She also maintains the firm’s internal information and communication to ensure we are aware of any news regarding our investments and the impact it has on our portfolios.  Another main area of focus is on placing investment trades as well as maintaining client asset allocations that coincide with the individual objectives and risk tolerance.

She received a Bachelor's degree in Business from DePaul University in Chicago.

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Market Commentary: 4th Quarter 2016

By:  Lisa Thuer - Senior Trading and Research Specialist

The year 2016 started out by taking the polar plunge.

China came out with disappointing manufacturing data, sending all markets on a free fall. Analysts and economists reports stated slower earnings and economic growth. The Federal Reserve, after raising rates a quarter point in December refrained from raising interest rates a second time, stating that the economy was too fragile. Yet they were calling for 2-3 rate hikes in 2016, but they only raised rates once. Early in the year markets rapidly dropped day after day, at the same time, oil hit a low of $26 per barrel. Were we on the brink of a recession?

Then in February the whipsaw came; new data stated a recession was less likely than feared and the markets rebounded, however not all sectors participated. Healthcare and FANG (Facebook, Amazon, Netflix, andGoogle) stocks were not taking part in the rally, yet utilities and telecom were skyrocketing. There was a flight to safety and value on the forefront.

All was going well until the next big uncertainty hit the market – Brexit! The markets were rattled leading up to Brexit. As the election was nearing the polls were stating that the U.K. would remain in the Eurozone. The markets reacted positively, but then the votes were tallied, and we soon learned that the polls were wrong. The U.K. voted to leave the Eurozone; the markets were shocked and once again plunged. Financials took a beating and the Federal Reserve decided not to raise interest rates at that point and furthermore no rate hike was insight. We were in uncharted territory and everyone was predicting we are on the brink of a disaster. Once again, this wiped out all of the market gains. After some digesting, all wasn't as bad as first stated, and the market hit the road running, we were upward once again.

As if all this news wasn’t enough for the markets to digest, America was in a very unusual presidential election year. A New York Business Man running against a Woman, with political experience.  But there is no need to go into details about that, as we all know the outcome. Everybody we talked to could not wait for the election to finally be over. But, once again the polls had it wrong, which again sent the markets into a tailspin.  As the market did a complete turnaround and climbed to new highs. Based on optimism, equity markets climbed as the bond prices fell. KFA was feeling a little overdone in both areas and we wanted to let the markets settle down just a bit before jumping back in with both feet.

2016 is now behind us and as we reflect on our portfolios, not only did the economists predict incorrectly, so did some analysts, but we at KFA, also erred on the conservative side. Financials tanked after Brexit in the uncertainty of how banks would be affected by the change. But after the US election of Donald Trump –so far financials have been leading the way. Healthcare stocks took a beating for most of 2016, but since the election we are starting to see some recovery in that sector also. We can’t help but wonder; had Hillary Clinton won… would we be seeing the same results, she made it clear that she was very much against Drug Company’s price gouging. We are not saying that Trump isn’t against price gouging; he just took a different approach on the subject.

In an effort to keep risk out of our clients’ portfolios, it may have kept us from partaking in some of the upside of the market recovery. However we feel that this is a small price to pay for what could have turned in a different direction. We had certain situations that did go south last year, and we wanted to do what we could to make sure that our clients were protected. Even the best of economists and analysts had a hard time forecasting last year, and some were just down right wrong. It was definitely an unusual time. We are seeing that the portfolios which benefited most last year are the ones that did nothing from start to finish and just rode the markets ups and downs.

2017 is now upon us, and this January in comparison to last January, we are seeing a reversal in the markets, we are also seeing green lights ahead. Some areas of interest to KFA are Aerospace, Defense, and Financials (in particular regional and smaller banks). Along with Information Technology (IT), Infrastructure and Small Companies ,while holding on to our Large Cap Dividend payers, which will benefit investors if the overseas earnings are repatriated, bringing offshore monies back to the U.S.

We continue to look for preservation of capital and yield as our conservative portfolios continue to hold a larger portion of their portfolios in these areas. Alternatives and Market Neutral holdings continue to be a part of our portfolio to keep a balance to the uncertainty that always faces us. Bonds and bond funds are known to be less volatile- however as of late even they have seen more volatility than normal.

If only we had a crystal ball to help us predict the future, life would be so much easier. But for now,

we need to go by research, and sometimes even gut feelings, and the knowledge that we need to make money for our clients while we are protecting them from markets down falls.

With the start of a New Year, please consider that this is a good time for clients to review your portfolio risk tolerance. Have you had any life changing events last year or an upcoming event that you know about that has changed or may change your needs? Whichever it may be, the start of the year is always a good time to revisit your risk tolerance.

If you would like to come in, or have a telephone conference with a KFA team member, please feel free to contact us, we love hearing from our clients. KFA will work with you to make the necessary risk adjustments to your portfolio. As always, we thank you for your confidence in us and we look forward to 2017 being a great year! 

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Market Commentary: 3rd Quarter 2016

By:  Lisa Thuer - Senior Trading and Research Specialist

The fourth quarter is upon us and where do we go from here. 2016 started out with one of the most volatile Januaries in history only to be led by an upward climb in February and March. June ended with the whipsaw of Brexit. Not to mention the Federal Reserve indecision of raising interest rates or not. If all of that isn’t enough, let us bring an unconventional Presidential Election into the mix.

Putting all of the noise aside, the economy is growing. Perhaps not at leaps and bounds, but it is growing and slow growth keeps inflation intact. The unemployment rate is low and wages are rising, slowly. Home and auto sales are good. Consumer confidence is up which is a positive sign that people feel things are improving. Oil has come off its lows and the dollar has come off its highs giving both of them some stability.

How does all this relate to your portfolios? Our job becomes challenging at times when the markets do not trade on fundamentals. In the long run, fundamentals do win out. However, short-term it makes it quite difficult to tune out the noise and look to the long-term goals and know that your timeline may be extended to reach these goals. Depending on your age, this timeline may be shorter or longer for each individual. Emotions do get in the way of money and investing, however this year has taught us that the markets are resilient and can weather many storms even when stuck in the eye of the hurricane you cannot see the light of day.

Sorting through whom to believe in all of this – so far the media has put nothing but fear and panic into our heads. We have made several adjustments to many portfolios over the past couple of weeks and a few more will continue but no major changes. Earning season is upon us and we are looking for a positive one. Should there be some misses in earnings, we may experience some volatility. The Presidential Election is just a few weeks away which may also cause a stir in the markets. Investment wise we are erroring on the cautious side and staying with U.S. dividend payers. Unfortunately, healthcare has been a drag on our portfolios, but we believe it has bottomed and healthcare innovations are nothing but a positive story in the works. Merger and acquisitions are materializing, the biotech space is increasing with clinical trials, medical innovations and many more are all taking place. There may be some pullback in this sector depending on the elections since there are different views on healthcare from both candidates. However we will remain invested and perhaps increase our allocation to the healthcare sector. Technology remains in focus and we will continue to hold and look for areas of further interest. Some other areas of allocation will be an increase small-caps, a watch is on for the energy sector and for the conservative income portfolios we will add bond like or equivalent bond like holdings. Global and International holdings are always in our research, but at this time we remain with a very small international holding due to the volatility that currently comes with investing internationally.

With the election upon us in the 4th quarter, some unknowns remain in the market since this election is like no other. However, the market has withstood many storms and this is just one more. Keep in mind, the markets have never seen anything like Brexit before and look at the markets now. We continue to build a solid and well-diversified portfolio with your short and long-term goals in focus.

As always, should you have any questions or concerns, please feel free to contact any one of us on the KFA Team.



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Cybersecurity

By:  Jacqueline Whitaker - Business Manager

Cybersecurity. Hackers. Phishing. Whaling. Ransomware. Data Breach. Cybercrime.

These are just a few of the words in the “Cyber Speak” lexicon and, sorry to say, they are becoming common words to anyone who uses a PC or mobile device to conduct financial business. Cybercrime is a profitable business for those who practice it. The fraudsters are out there and after your identity. Fortunately, there are steps you can take to protect your valuable personal information from those who seek to steal it.

Even the U.S. government is aware of the risk. An executive order was issued for federal agencies to provide more secure authentication for their online services. Starting in August of 2016, any agency that provides online access to a customer’s personal information must use multifactor authentication. “Multifactor Authentication” means more than one method is used to make sure you are the actual owner of your account. For example, in addition to using a user ID and password to login to a website, you will also have to provide and additional security code that is texted to you before you can access the site.

Your team at Kabarec Financial Advisors takes the threat of cybercrime seriously. We are dedicated to protecting our clients’ personal information and to prevent unauthorized access to their accounts. Some of the methods we employ are vulnerability assessments by qualified IT specialists, use of enterprise antivirus software, two-factor authentication to access the network, and physical securities for our hardware. Our team takes advantage of training opportunities offered by a variety of vendors in order to stay up-to-date in best practices.

For a robust defense against cybercrime fraud, we need our clients to partner with us. Here are few ideas to get started:

  • Install a spam manager, firewall, and antivirus program on your computer.
  • Do not use public WiFi to conduct personal business.

  • Bear with us when we make an extra phone call to verify it is really you requesting to move money.

  • Visit the Schwab Client Learning Center to view the Schwab Security Guarantee and to learn about SchwabSafe multifactor authentication. http://content.schwab.com/learningcenter/index.html

Engage in of our culture of protection by doing what you can to make it difficult for the fraudsters to steal your identity - and your money!

 

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Brexit Relief Rally

By:  Lisa Thuer - Senior Trading and Research Specialist

As the dust settles from Brexit, markets are close to back where they were a week ago. Even though we did take some money off the table and did not panic, we are confident that the funds will be deployed to more profitable and less volatile investments. There has been a quick run up after the drastic down turn from Brexit and it almost feels like whiplash. The second quarter ends today and Alcoa kicks off second quarter earnings on July 11th.  We will wait till next week to start investing cash that is sitting on the sidelines. Everyone wants to get in when the markets are going up and sell when the markets are going down. Keeping long-term goals in mind and ignore the everyday noise is what we all need to remind ourselves. Patience is a virtue in these markets.  Stick with the fundamentals, stay diversified and don’t panic. 

We are looking forward to a better second half of the year.

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