Message from Jon

We have certainly seen a volatile May to be sure. At this point, we have been invested for 18 months with no gain in the S&P 500 index. That's right, the period from Jan 2nd of 2018 to Monday the 3rd of June 2019 has been a wash.1

The ride has certainly been anything but smooth, though, giving us enough of a rollercoaster to give even the stoutest person a queasy stomach.

Some newsletters back, I mentioned that according to sources I follow, the following decade would consist of a 0-6% ROR, and we are seeing a small glimpse of what that might look like.2 For some, this will be too difficult, and they will pull the plug and exit while others will stay the course. In my opinion, staying the course will prove to be the better approach.

Like all things in life, staying the course and overcoming adversity is part of the journey to a better future. Like I tell my kids, there is no shortcut to success here. Again, it is not now or ever will be about the return. It has always been about what matters most and sticking to your plan. Yes, you will need to pay attention to the road ahead and make adjustments as needed to stay on path. Yes, you will need to slow down, speed up, and make necessary turns to get to your destination.

Even pulling over to ask for directions when I am feeling lost or confused has never been an issue for me since the goal has always been to arrive at my destination as quickly as possible, but for some...they just refuse to ask for directions, because in their head, it's a sign to others that they couldn't do it on their own. As I said last week, we are coming into a choppy and volatile stretch of road so be prepared.

We are monitoring indications of a need to change course and will do so as the signs require it.

Till we speak again, enjoy the summer weather! It's about time we get some good stuff!

Jon

source:

May Ends with a Retreat

WEEKLY UPDATE - JUNE 3, 2019

The Week on Wall Street
Stocks struggled during a 4-day market week as the U.S.-China trade standoff continued to weigh on the minds of market participants. From the Friday, May 24 close to the Friday, May 31 close, the S&P 500 retreated 2.62%; the Nasdaq Composite, 2.41%; the Dow Jones Industrial Average, 3.01%. The MSCI EAFE index of overseas stocks dipped just 1.47% in a week.[1][2]

Trade is dominating the conversation in the financial markets, with developments steadily unfolding. Wednesday, China's state media suggested that the country could soon cut off exports of rare earths to the U.S. Late Thursday, the Trump administration announced 5% tariffs on all imports from Mexico, effective June 10; these taxes could rise in the coming months.[3][4]

Meanwhile, on Main Street...
The Conference Board's consumer confidence index soared to 134.1 in May, its highest reading since November; the consumer view of present economic conditions was the best since the end of 2000. Additionally, the University of Michigan's consumer sentiment index ended May at 100.00, near the 15-year peak of 102.4 seen earlier in the month.[5][6]

Spring also brought a solid advance in consumer spending. April's gain was 0.3%, according to the Bureau of Economic Analysis.[7]

Final Thought
While Wall Street remains cautious and concerned about trade, consumers appear to be upbeat, sensing widespread economic prosperity. This underscores the fact that the state of the economy does not necessarily correspond to the state of the stock market (and vice versa).

THE WEEK AHEAD: KEY ECONOMIC DATA
Monday: The Institute for Supply Management releases its latest factory purchasing manager index, which takes the pulse of the U.S. manufacturing sector.
Tuesday: Federal Reserve Chairman Jerome Powell speaks on monetary policy at the Federal Reserve Bank of Chicago.
Wednesday: Payroll giant ADP releases its May private-sector employment snapshot.
Friday: The Department of Labor presents its May employment report.

Source: Econoday / MarketWatch Calendar, May 31, 2019
The Econoday and MarketWatch economic calendars list 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.

THE WEEK AHEAD: COMPANIES REPORTING EARNINGS
Tuesday: Cracker Barrel Old Country Store (CBRL), Salesforce (CRM)
Thursday: Beyond Meat (BYND), J.M. Smucker (SJM)

Source: Morningstar.com, May 31, 2019
Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Any investment should be consistent with your objectives, time frame and risk tolerance. 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.

Fountain Pen

"If you're not stubborn, you'll give up on experiments too soon. And if you're not flexible, you'll pound your head against the wall and you won't see a different solution to a problem you're trying to solve."

-Jeff Bezos

Fork and Knife

Hot Ramen Bowls

Serves 2

Ingredients:

1 tsp. sesame oil
1 tsp. olive oil
2 to 4 cloves garlic, minced
2 to 4 tsp. ginger, freshly grated
½ cup carrots, shredded
½ cup shiitake mushrooms, sliced (you can use other available mushrooms)
4 cups vegetable broth (you can use chicken, pork, or beef stock as well)
1 Tbsp. rice vinegar (optional)
3 to 4 Tbsp. low-sodium soy sauce, to taste
1 to 3 Tbsp. Sriracha sauce, to taste
Two 3-oz. portions of ramen (you won't need the packets)

Toppings

Sliced chicken, beef, or pork
Seaweed or nori
Sliced scallions
Asian pickles
Corn
Bean sprouts
Sesame seeds
Shredded carrots
Soft-boiled egg

Directions:

Place a pan on medium heat and add the sesame oil and olive oil. Add garlic and ginger, and simmer until fragrant, being careful not to brown the garlic.
Add the carrots and mushrooms, and simmer until they soften, about a minute, stirring frequently.
Add the broth, Sriracha sauce, rice vinegar (if using), and soy sauce. Stir, and bring to a simmer; let it go for about five minutes. Taste, then adjust heat and flavor to your liking, adding more Sriracha and soy sauce, if needed.
Carefully place the ramen noodles into the pot of simmering broth and cook approximately 2 to 3 minutes, until tender.
Carefully transfer the soup and noodles to bowls and allow to cool. At this time, make your soft-boiled egg.

Soft-Boiled Egg

Boil water in a small saucepan. Add the egg(s) and let them boil for five minutes.
Have an ice bath ready, and when the time is up, transfer the eggs into the ice bath for about a minute to stop the cooking process.
Gently crack the egg and roll on a flat surface, then peel, slice in half, and place on top of your soup.

To Serve

Garnish with your toppings of choice and enjoy!

Recipe adapted from Killing Thyme[8]

Document

Hobby or Business?

You may make jewelry, sell baked goods, or do some carpentry. When you start selling these goods, the IRS may need for you to report this income. So, how do you know when it remains a hobby or becomes a business? When your hobby becomes profitable, it may be a business. The IRS offers some factors for you to consider, including:

Do you carry on the activity in a businesslike manner and maintain books and records?
Does the time and effort you put into the activity indicate you intend to make it profitable?
Do you depend on income from the activity for your livelihood?
Are your losses due to circumstances beyond your control (or are normal in the startup phase)?
Have you changed your methods of operation in an attempt to improve profitability?
Do you or your advisors have the knowledge needed to carry on the activity as a successful business?
Were you successful in making a profit in similar activities in the past?

*This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax professional.
Tip adapted from IRS.gov[9]

Golfer

Mental Fortitude

The best golfers know that successful shots are as much mental as they are physical. A common way to increase your focus is to keep your mind centered in the moment. What type of shot are you playing? What is your target? Do you have a strategy for your swing?

At the same time, try to block those negative thoughts we all have on the course. But if you find yourself unable to maintain your focus, regroup by taking a few breaths and listening to your heartbeat. Don't feel rushed into a swing when you're not entirely focused on your goal. Here's a quick routine:

Give yourself a quick timeout to regroup.
Use your eyes to refocus on your target.
Use self-talk to tell yourself where your attention should go.
Take a few calming breaths to relax and get your mental game back on track.

Tip adapted from Golf Tips Magazine[10]

Medical Cross

How to Make New Friends

Everyone feels lonely at times. Making friends can beat these lonely feelings and may also bring some fun and companionship to your life. Here are some friendship-making tips to try:

What about you? Work on your great qualities that give you confidence. They will shine and attract likeminded folks.
What are you passionate about? Golf, crafts, the outdoors, swimming, cooking? Try volunteering at places that relate to whatever floats your boat.
Meetup. You could try the Meetup app for local social groups, but literally, "meetup." If you meet a potential friend, meet for coffee in a neutral place. Think about some things to talk about and questions to ask in advance. You'll learn a lot, and possibly, make a new friend.

Tip adapted from The Guardian[11]

Leaf

Start a Community Garden

With so many benefits to starting a community garden, it's amazing that you haven't yet! Not only will you get to know your neighbors and feel great about working toward a common goal, but you'll get to reap the benefits of what you sow (literally). Check out how to begin:

Organize members and pick a leader: You might want to start a Facebook group or email list of folks who are interested. Choose a leader (if it's not you). This person should have experience in gardening or farming.

Choose some land: This may take a little research, but check with churches, schools, local groups, business associations, or the local government for available land.

Not all soil is ready for a garden: Be sure to have your soil tested. Samples can be sent to The University of Massachusetts' Soil and Plant Nutrient Testing Lab for testing.

Plan: Plan how you'll share the gardening space, what to grow in which season, and create some seating and tables for people to chat and enjoy the bounty and space.

Tip adapted from Sunset[12]

Share the Wealth of Knowledge!

Please share this market update with family, friends, or colleagues. If you would like us to add them to our list, simply click on the "Forward email" link below. We love being introduced!

Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

Diversification does not guarantee profit nor is it guaranteed to protect assets.

International investing involves special risks such as currency fluctuation and political instability and may not be suitable for all investors.

The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.

The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the NASDAQ. The DJIA was invented by Charles Dow back in 1896.

The 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 stocks of technology companies and growth companies.

The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) that serves as a benchmark of the performance in major international equity markets as represented by 21 major MSCI indices from Europe, Australia, and Southeast Asia.

The 10-year Treasury Note represents debt owed by the United States Treasury to the public. Since the U.S. Government is seen as a risk-free borrower, investors use the 10-year Treasury Note as a benchmark for the long-term bond market.

Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

Past performance does not guarantee future results.

You cannot invest directly in an index.

Consult your financial professional before making any investment decision.

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.

These are the views of Platinum Advisor Strategies, LLC, and not necessarily those of the named representative, Broker dealer or Investment Advisor, and should not be construed as investment advice. Neither the named representative nor the named Broker dealer or Investment Advisor gives tax or legal advice. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. Please consult your financial advisor for further information.

By clicking on these links, you will leave our server, as the links are located on another server. We have not independently verified the information available through this link. The link is provided to you as a matter of interest. Please click on the links below to leave and proceed to the selected site.

[1] www.wsj.com/market-data

[2] quotes.wsj.com/index/XX/990300/historical-prices

[3] apnews.com/af8ed9e6b95f4d14b32e6e0135949159

[4] www.foxbusiness.com/markets/us-stocks-wall-street-may-31-2019

[5] www.bloomberg.com/news/articles/2019-05-28/u-s-consumer-confidence-tops-forecasts-rises-to-six-month-high

[6] www.investing.com/economic-calendar

[7] www.investing.com/economic-calendar

[8] www.killingthyme.net/2015/10/30/easy-homemade-ramen-bowls/

[9] www.irs.gov/faqs/small-business-self-employed-other-business/income-expenses/income-expenses

[10] www.golftipsmag.com/video/full-swing/learn-to-focus/

[11] www.theguardian.com/lifeandstyle/2018/apr/30/how-to-make-new-friends-adult-lonely-leap-of-faith

[12] www.sunset.com/garden/garden-basics/community-garden

Summit Financial Group
Summit Financial Group of Indiana
4050 Britt Farm Dr
Suite C
Lafayette, IN 47905
866-582-5721
jon@summit-fp.com
http://www.summitfinancialgroupofindiana.com

Securities offered through Regulus Advisors, LLC. Member FINRA/SIPC. Investment advisory services offered through Regal Investment Advisors, LLC, an SEC Registered Investment Advisor. Registration with the SEC does not imply any level of skill or training. Regulus Advisors and Regal Investment Advisors are affiliated entities. Summit Retirement Advisors, LLC and Summit Financial Group of Indiana are affiliated entities. Summit Retirement Advisors, LLC and Summit Financial Group of Indiana are independent of Regulus Advisors and Regal Investment Advisors.

Message from Jon

May Ends with a Retreat

WEEKLY UPDATE - JUNE 3, 2019

Phase 1 – Where You Are

Phase 2 – Your Retirement Planning Needs

Phase 3 – Finalizing Goals and Details

Phase 4 – Putting Your Retirement Investments into Action

Phase 5 – Keeping Your Plan Effective into the Future