Speak with your financial professional to monitor your portfolio progress and set up a comprehensive wealth-building strategy.
What’s Inside My Statement?
Quarterly statements are sent every three months of the calendar year. These statements provide you with a broad overview of your assets and investments, as well as a more detailed analysis of each of your accounts. To help you understand your investment strategy, each statement will give you a summary of your investments, the total monetary value of your assets, graphs that show trends over time and details of recent transactions. Establishing a close relationship with your financial advisor can be key to deepening your knowledge of how to use the information in each statement to plan for the rest of the year and beyond. Your financial advisor will guide you through the three main sections of your statement: your portfolio, accounts and asset allocation.
Your Portfolio and Accounts
A consolidated portfolio summary provides a high-level view of all your accounts. This section provides a clear picture of the most important information. Here, the previous year or quarter may be compared side by side for a more transparent and in-depth understanding.
Analyzing your individual accounts is important in understanding your current financial situation. Your statement will show any changes in values that have occurred during the quarter. Items like investment objectives and a gain/loss summary might appear here, along with activity for your retirement accounts.
Asset Allocation
What investments are included in your portfolio? Asset allocation illustration in your quarterly statement will summarize the portfolio’s asset diversification in a list or chart. Some common assets you might recognize are equities, fixed income, ETFs, mutual funds, cash and cash equivalents, and other alternative investments.
A Rule of Thumb When Investing
One of the most basic principles of investing is to gradually reduce your risk as you get older. The challenge is figuring out exactly how safe you should be relative to the stage of life you’re in.
For years, a commonly cited rule of thumb called the 100 Rule has helped simplify asset allocation. According to this principle, individuals should hold a percentage of stocks equal to 100 minus their age. So, for a typical 60-year-old, 40% of the portfolio should be equities. The rest would be comprised of high-grade bonds, government debt and other relatively safe assets.
Speak with your financial professional to monitor your portfolio progress and set up a comprehensive wealth-building strategy. QCBN
By Daniel Martinez
For more than 12 years, Daniel has worked in the financial services industry helping individuals and families align their goals toward financial freedom. He provides clients with a variety of investment knowledge and experience, taking the time to create a personalized financial plan for each client. Daniel holds his Insurance Licenses and is also bilingual in English and Spanish to better serve the community. He is registered through LPL Financial with his SIE, Series 7 and 63 securities registrations. To schedule an appointment with Daniel Martinez, email DMartinez@oneazcu.com or call (928) 777-6050.
OneAZ Wealth Management is a team of LPL Financial licensed professionals and support staff located in OneAZ Credit Union branches across Arizona providing investments, insurance, and retirement planning services intended to guide credit union members towards their financial goals. To learn more about OneAZ Wealth Management, visit OneAZWealth.com or call (877) 566-0517.
Securities are offered through LPL Financial (LPL), a registered broker/dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. OneAZ Credit Union (OneAZCU) and OneAZ Wealth Management are not registered as a broker/dealer. Registered representatives of LPL offer products and services using OneAZ Wealth Management, and may also be employees of OneAZ CU. These products and services being offered through LPL or its affiliates, which are separate entities from, and not affiliates of OneAZ CU or OneAZ Wealth Management. Securities and insurance offered through LPL or its affiliates are:
NOT INSURED BY NCUA OR ANY OTHER GOVERNMENT AGENCY | NOT CREDIT UNION GUARANTEED NOT CREDIT UNION DEPOSITS OR OBLIGATIONS | MAY LOSE VALUE
