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❤😂🎉ergo,mbbbbbbkkkkggweeeeeeeeeeeeeeeeeewewewewewewewewewewewewqwewedeessssssszzz🥲🥲🥲🥲🤚🥲🥲🥲🥲🥲🥲🥲🤚🥲🥲🥲🥲🥲🥲 1:31

I am a Morton client. Meghan sources, vets and manages excellent alternative investments to help balance portfolios. Thanks, Meghan.

Joe is an excellent financial advisor.

Does the Qualified Charitable Distribution count toward my Social Security MAGI? Even tho I give from my IRA to my church, the full amount withdrawn from my IRA shows up on my 1099? How do i not have to declare it?

Nice

300 million people will pay more so 200 Americans can keep a job . Also trump lost,4 million jobs last time he eas in power

The world is $97 trillion in debt cant do tariffs will act back to us!

Tariffs work. If you want information from an actual economist go look up Jeff Ferry and his articles on the impact of Trump’s tariffs on the laundry machine and steel industries.

What was Kamala’s plan? Oh yeah….

The other country cant retaliate, because WE ARE THEIR CONSUMERS. and short term it causes a small spike in some inflation, but it lowers it overall over time. He also confused long term by saying "short term" effects.

If youre against tarrifs. Youre shortsighted, thats all.

These people live in fear and ignorance. Thank god Trump, a business man, will be in charge and no longer allow our country to get the short end of the stick

Thanks for the analysis.

What are we exporting to China, other than Technology? Returning at least some manufacturing provides JOBS, ergo Tax Revenue. Certainly Not Bad Problems in themselves.

I was born in 1963 am I boomer?

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I’m ygbhfg Thanh Ning non nfghnfyn

It's good news to hear that Financial literacy will become a high school course. It's about time! However, it's a shame that the education system needs to be given so many years to fully implement the course.

If divorce has been served from Texas, do I need a Texas lawyer or my NewYork lawyer can file for me?

Helpful vlog. Can you be approached directly? Can you talk about divorce filed from Texas to a NewYork resident?

looks like interesting symposium agenda!

Awesome video guys! I think you hit the nail on the head, inventory is tight because sellers are locked with their lower rates and since many don't want to sell it's making it a bit harder for buyers to find what they want. My only thing is the audio is only coming from the left side and it's a little quiet. Other than that keep up the great work!! Just subbed 🙌

This is an interesting take! I appreciate that you looked back in history because often it repeats itself and we usually go after the "hot" stocks, especially now that it's so easy for any beginner to invest in stocks these days.

This was so insightful. Thank you!! <3 Morton's lifelong subscriber!!

Nice recap Meghan and Jeff. Thanks for the overview. Very helpful for keeping recent volatility in perspective.

Ohhhhh

Full episode 'Buffett's Bet: International Investments & Japan' th-cam.com/video/qt_aKcWAkjM/w-d-xo.html

Full episode 'Why Warren Buffett Embraced Taxes By Selling Apple' th-cam.com/video/HdWaYeGZsIg/w-d-xo.html

Really helpful, concise advice on a number of common issues. Much appreciated.

As usual, great insights from Chris and Meghan. Thanks.

Full episode 'Why Google Advice is Usually Wrong': th-cam.com/video/5FBVVbsQf5I/w-d-xo.html

Watch the full episode 'Tech Unicorns: Will Companies Like NVIDIA Last?' here: th-cam.com/video/9dO-Hbl4Cxo/w-d-xo.html

Watch the full episode 'Tech Unicorns: Will Companies Like NVIDIA Last?' here: th-cam.com/video/9dO-Hbl4Cxo/w-d-xo.html

Watch the full episode on REITs vs. private real estate funds here: th-cam.com/video/itFgsD4Abbc/w-d-xo.html

Watch the full episode here: th-cam.com/video/cso0UyYdXsY/w-d-xo.html

look forward to another great year and hearing your insights on the investment strategies.

This clip is a preview of the full episode which will go live on Wednesday, December 27th: th-cam.com/video/Ob2YeaXYK14/w-d-xo.html Subscribe to stay tuned!

Brilliant Nik 🫡🫶

Sooooooo.......What is the value of Bit Coin?🤔

Awesome👌🏿

I believe the $12,000 after 10 years refers to the initial loan balance had to be $12,000 or less - not the ending balance.

Great episode - thanks for covering this important topic !

Solid stuff! Great interesting content! Enjoyed seeing the thoughtful interaction and discussion.

Great insight! Keep up the fantastic content! 🤩

Timestamps 00:00 Intro and Priscilla's childhood on the farm 2:40 Priscilla's mother and what she taught her 6:07 First memory of money 8:55 Being a woman in financial services 11:41 Priscilla's favorite part of being a wealth advisor 13:22 Reducing fear around financial insecurity 15:09 Being a mom and balancing different areas of life 17:01 What Priscilla would do if she wasn't a wealth advisor 17:54 Rapid fire questions

*Bank Failures and How the Fed Is Reacting* The Fed has two mandates: keep inflation low and promote financial stability. However, to combat high inflation, the Fed has been raising interest rates very quickly. This is counter to promoting financial stability and partly why so many regional banks have failed recently. Meghan explains that banks make money by investing a large portion of their deposits. They must find a way to make a return on their investments that is higher than the amount they pay depositors. To do so in our recent zero-interest-rate environment, they would lend out money for long-term mortgages at low interest rates. They would also invest in long-term, low-interest Treasury bonds backed by the U.S. government. Now that interest rates have increased, those assets have lost value, which has threatened the financial viability of many of these regional banks. Furthermore, in our digital world, panic can spread like wildfire through social media and people can conveniently pull their funds through online banking, ultimately exacerbating the problem. This is what happened with Silicon Valley Bank and the run on its bank by depositors. The federal government is covering all depositors even if they had more than the FDIC-insured limits at SVB and Signature Bank. Jeff and Meghan agree this may potentially encourage banks to take on more risk because they know they can be bailed out by the Fed. *How You Should Think About Cash Going Forward* Meghan and Jeff say it is not wise to keep deposits in a bank that are above insured limits. If individuals or businesses have a need to keep large deposits in a bank, Meghan encourages them to consider programs that increase their FDIC limit. For example, ICS (Insured Cash Sweep) spreads a large deposit out to different banks so that each deposit is below the FDIC-insured limit. This is particularly appropriate for large business accounts. Many Morton clients have money invested at Schwab or Fidelity. These broker-dealers do not hold and invest assets the way banks do; they are much more diversified and make money on trading and other service offering fees. In the very unlikely event that Schwab or Fidelity should fail, Jeff surmises that the government would step in as they each hold over 35 million accounts. *The Current Stock Market Environment* The S&P 500 was up 7% while international stocks were up almost 9% in the first quarter. Meghan says this may be a relief rally, recovering some of the heavy losses stocks incurred in 2022. Another phenomenon that has pushed stock prices higher is that bad news is seen as good news; Meghan highlights how disappointing economic data counterintuitively supported stocks because the market assumed that the Federal Reserve would slow down their interest rate hikes to support the economy. However, this is not necessarily a healthy market rally because the stocks that have been doing well are very concentrated, particularly in tech. Apple, Microsoft and NVIDIA drove 90% of the returns in the S&P 500 while companies in healthcare, finance, utilities, and energy were down. Meghan ends the discussion on stocks with a brief overview of the international markets. She emphasizes how a diversified stock portfolio should include some exposure to international stocks because from a valuation point of view they are attractive as compared to domestic stocks. *Our Rationale on Gold* Jeff and Meghan emphasize the fact that Morton owns gold because we think of it as a store of value that is not exposed to the same risks as the stock market or real estate. Jeff says, “The beauty of owning gold are the risks you don’t take by owning it.” Meghan says gold shouldn’t be viewed as an investment to be bought and sold but instead as a currency substitute. *An Attractive Outlook on Bonds* The bond index is up roughly 3%. For the first time in a long time, Jeff feels excited about bonds as investors can target mid- to even high-single-digit returns without taking on undue risk. *How the Regional Bank Crisis Impacts Private Lending* Many depositors have fled regional banks and moved their money to larger banks. Therefore, regional banks have stopped lending as much as they did before. Private lenders are benefiting from the lack of competition and can now raise rates on their loans. Meghan discusses how private lending has been a core part of our investment allocation going back to 2010. She is excited about newer investment vehicles that will help to broaden the access of these opportunities to more investors. *Our Outlook on Real Estate Equity* The outlook for real estate equity is very specific to which sub asset class (apartments, office, retail, etc.) of real estate one is invested in. Office buildings never recovered fully after the pandemic since so many companies have switched to remote work. Thankfully, Morton’s exposure to office real estate is very limited. Meghan also warns that due to higher interest rates and bank runs, some real estate owners who are trying to refinance their loans may be in trouble. Thankfully, Morton focuses on investing with managers that favor fixed-rate debt and are thoughtful about risk management. Going forward, there could be opportunities for investors as these real estate owners who cannot get their loans refinanced will have to be bailed out and sell their properties for a lower price. Overall, Jeff feels the recent turmoil around bank runs, inflation and high interest rates has bolstered his conviction that diversified and resilient portfolios are key to protecting Morton’s clients. Disclosures: The information presented is for educational purposes only and should not be relied on for investment recommendations. It should not be assumed that Morton will make investment recommendations in the future that are consistent with the views expressed herein. References to specific investments are for illustrative purposes only and should not be interpreted as recommendations to purchase or sell such securities. Past performance is no guarantee of future results. All investments involve risk, including the loss of principal.

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