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Raffa Wealth Management
Raffa Wealth Management

Raffa Wealth Management is a registered investment advisor offering a serious, long term approach to growing and sustaining wealth.

We were established to fill what we consider to be a glaring need for transparency, clarity, and accountability in managing investments. Whether you are an organization, private foundation, or an individual supporting the nonprofit sector - we are proud to help you "Grow it for Good!"​​​​​​​​​​​​​​​​​​​​​​​​​​​
Wealth Management Blog

  • 8/21/2017 Financial News and Portfolio Management Discussion through August 19th

    US stocks ended the week down on political turmoil, weak corporate earnings and terrorist attacks. The S&P 500 was down 0.7% and Dow fell 0.8% for the week. Abroad, Europe rose 0.6% and […]

    All the news you need to stay informed about what’s currently driving the market – courtesy of Raffa Wealth Management, LLC.

    US stocks ended the week down on political turmoil, weak corporate earnings and terrorist attacks. The S&P 500 was down 0.7% and Dow fell 0.8% for the week. Abroad, Europe rose 0.6% and Japan sank 1.3% for the week. The yield on the 10 year Treasury was flat for the week ending at 2.20%.  Article

    Weak earnings from retailers and declines in energy prices drove both sectors down and both were primary drivers in the decline in US Stocks for the week.

    The pace of growth slowed in China in July as industrial output, retail and housing sales and fixed asset investment all ticked down from June and were lower than forecast.

    US retail sales rose 0.6% in July, more than expected, and June’s rate was revised higher, but debt levels have increased and savings rates have fallen.

    Minutes form the Fed’s July meeting showed that concerns over weak inflation is bringing reservations about the timing of the next interest rate increase. They originally expected to make another interest rate increase later this year. However, they were in agreement about beginning to unwind their balance sheet, perhaps as soon as September.  Article

     

  • 8/14/2017 Financial News and Portfolio Management Discussion through August 12th

    US stocks posted their worst week since May on weak earnings from retailers and North Korea tensions. The S&P 500 fell 1.4% and the Dow dropped 1.1% for the week. Abroad, Japan eased […]

    All the news you need to stay informed about what’s currently driving the market – courtesy of Raffa Wealth Management, LLC.

    US stocks posted their worst week since May on weak earnings from retailers and North Korea tensions. The S&P 500 fell 1.4% and the Dow dropped 1.1% for the week. Abroad, Japan eased 1.1% and Europe sank 2.7% for the week. The yield on the 10 year Treasury fell as investors moved to safe havens ending the week at 2.19%, its lowest level since June. The VIX hit the highest level of the year during the week.  Article

    Worker productivity picked up in the second quarter rising 0.9% up from 0.1% in the first quarter. However, the pace remains well below the level required to see GDP growth accelerate.

    US inflation continued to be subdued in July. The CPI rose 0.1% from the prior month and is up 1.7% over the trailing year, below the Fed’s target.

    Vantiv agreed to buy Worldpay for $10.4 billion in a tie up of payment processing giants.

     

  • 8/7/2017 Don’t call it a Comeback, International Markets have been here for Years

    Share In January we reviewed the topic of international diversification. With the conclusion of 2016 it had been four straight years that US stocks had outpaced international stocks. We heard from many people why should they continue to hold international stocks? The prospects in Europe looked bleak with the UK leaving the EU, China was […]

    In January we reviewed the topic of international diversification. With the conclusion of 2016 it had been four straight years that US stocks had outpaced international stocks. We heard from many people why should they continue to hold international stocks? The prospects in Europe looked bleak with the UK leaving the EU, China was a constant source of volatility and Japan posted another year of meager growth and inflation.

    Our message was to remain disciplined to an equity strategy diversified globally. There are periods of time when the US outperforms and there are times when international markets outperform. We believed that eventually the recent trend would reverse. There have been multiple decade long periods over the past 110 years when international stocks outperformed and we believed they would eventually be in favor again. When exactly it would occur is unknowable, but if an allocation is not maintained an investor would miss out if there was a sustained rally. Also, with roughly 50% of the world stock market and more than 10,000 companies outside of the US, there is a significant investable universe that you would lose exposure to if only focused on the US.

    What have we seen in 2017? A significant reversal in global stock market performance. While US stocks certainly continue to perform well, up almost 11% for the year, international stocks have soared, gaining over 18%. Going back over the past 12 months international stocks have outpaced US stocks by over 3%.

    While the recent performance is not a guarantee of future results, it does show the benefits of remaining disciplined to an asset allocation strategy that has set targets to US and foreign stocks. By keeping that broad diversification, the portfolio is set to benefit if either perform well. It also likely reduces the overall volatility of the equity allocation.

    We believe that an investor with a long time horizon and a desire for growth from their portfolio is best served by investing globally, and, by avoiding market timing, can best positon themselves to meet their long term investing goals.

     

    Index Performance July YTD Trl 1 Yr
    US Stock (Russell 3000) 1.89% 10.99% 16.14%
    Foreign Stock (FTSE AW ex US) 3.54% 18.20% 19.15%
    Total US Bond Mkt. (BarCap Aggregate) 0.43% 2.71% -0.51%
    Short US Gov. Bonds (BarCap Gov 1-5 Yr) 0.28% 1.08% -0.20%
    Municipal Bonds (BarCap 1-10yr Muni) 0.68% 3.67% 0.62%
    Cash (ML 3Month T-Bill) 0.08% 0.31% 0.49%

     

    About

    Raffa Wealth Management is an independent investment advisor providing nonprofit organizations, high net-worth investors, and qualified retirement plans with a full range of investment consulting services.  We were established to fill the need for transparency, clarity, and vision in the professional management of investment assets.   Visit us at www.raffawealth.com

     

    There is no guarantee that any investment strategy, including those described here, will be successful. Any investment or investment strategy can lose money. Past performance does not guarantee or predict future results.  You should not assume that any discussion or information contained in this newsletter serves as the receipt of, or as a substitute for, personalized investment advice from Raffa Wealth Management, LLC.  This information was gathered from reliable sources but we cannot guarantee accuracy.  Indexes do not reflect the fees associated with actual investments and such fees would reduce the performance illustrated.

     

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