Friday, July 10, 2015

MEDICARE for Seniors Information from Leif Hagen, Hagen Financial

MEDICARE for Seniors 

Information video from Leif Hagen


                                          https://youtu.be/TcS9i13JmNk via @YouTube

Hagen Financial Network Inc.



What is MEDICARE PART D?

Why do you need it?

What is supplement insurance for Part D?
Discover those answers in our 
MEDICARE PLAYLIST 
of videos by
Leif Hagen

Hagen Financial Network 
LPL Financial Advisor
Leif  M. Hagen, CLU, ChFC
651-209-6350


Securities offered through LPL Financial

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Monday, July 6, 2015

Shoe Saleman tries to save Greece...Read about it in this week's PEEK of the WEEK from Hagen Financial


Peek of the Week

July 6, 2015

The Markets

It’s been a wild, wild quarter.

In early April, stock markets were doing so well (14 of 47 national benchmark indices
hit all-time highs) that global market capitalization — the value of stocks trading on
exchanges throughout the world — pushed past $70 trillion, according to
Bloomberg Business. The publication attributed the climb to stimulus programs.
About two-dozen countries’ central banks were either engaged in quantitative
easing or had committed to lower interest rates.

Rate hike speculation
Since the start of the year, analysts have been avidly seeking clues about when
the Federal Reserve may begin to tighten monetary policy. Would it happen in June?
In September? In December? In 2016?

After a mid-June policy meeting, The Wall Street Journal reported that Fed
officials expect to raise rates during 2015. However, the latest turn of events in
Greece, turmoil in Chinese markets, a strong dollar (which could slow U.S. growth),
and other factors may cause that signal to change.

China’s bull market ends
By late May, China’s Shanghai and Shenzhen Stock Exchanges were valued at
about $10.3 trillion dollars. The Shanghai Composite Index was up about 60 percent
from the start of the year, and the Shenzhen was up about 120 percent for the
same period. Markets were pushed higher by enthusiastic Chinese investors.
In April, the Financial Times described it like this:

“After years of poor performance, confidence in the stock market has returned in
China with a vengeance. Savers have switched hundreds of billions of dollars
out of property, deposits, and wealth management products in the hope of making
a fast buck in stocks.”

Those hopes may have been dashed when Chinese markets headed south late in
the quarter. During the last three weeks, Chinese markets have lost about
$2.8 trillion in value, bringing the longest bull market in that nation’s history
to a rather abrupt end.

Angst in the European Union
The European Central Bank’s 2015 quantitative easing (QE) program was a
shot in the arm for Europe. Expectations that QE would spur economic growth
and help the region conquer deflation helped push some stock markets to all-time highs.

Late in second quarter, however, the high gloss of QE was dulled by Greek
gamesmanship. After a stellar first quarter, the Stoxx 600 Index, which includes
stocks of companies in 18 European countries, saw its first-half gains fall to
11 percent, according to Bloomberg Business.

Crowdfunding for Greece?
You may be familiar with crowd funding. If not, boiled down, it comes to this:
Someone has an idea, sets up an online campaign, and raises money to fund
the concept. Often perks are offered for contributions.

Late in the second quarter, a 29-year-old shoe salesman in York, England,
set up the Greek Bailout Fund. He wrote, “All this dithering over Greece is
getting boring…The European Union (EU) is home to 503 million people,
if we all just chip in a few Euro then we can get Greece sorted and hopefully
get them back on track soon. Easy.”

You’ve got to admire his audacity. The goal? Raise €1.6 billion. As of July 5, 2015,
€1.8 million had been pledged.  

A no vote in Greece
We may be in for more excitement during third quarter, which began with the Greek
voters rejecting the EU’s bailout offer.  



Data as of 7/2/15
1-Week
Y-T-D
1-Year
3-Year
5-Year
10-Year
Standard & Poor's 500 (Domestic Stocks)
-1.2%
0.9%
4.6%
14.8%
15.1%
5.6%
Dow Jones Global ex-U.S.
-1.8
3.7
-7.3
7.0
5.2
3.3
10-year Treasury Note (Yield Only)
2.4
NA
2.7
1.6
3.0
4.1
Gold (per ounce)
-0.2
-2.6
-11.4
-10.3
-0.7
10.6
Bloomberg Commodity Index
1.3
-3.1
-25.8
-8.3
-4.6
-4.4
DJ Equity All REIT Total Return Index
0.2
-4.0
5.9
8.9
15.0
7.0
S&P 500, Dow Jones Global ex-US, Gold, Bloomberg Commodity Index returns
exclude reinvested dividends (gold does not pay a dividend) and the three-, five-,
and 10-year returns are annualized; the DJ Equity All REIT Total Return Index
does include reinvested dividends and the three-, five-, and 10-year returns are
annualized; and the 10-year Treasury Note is simply the yield at the close of the
day on each of the historical time periods.

Sources: Yahoo! Finance, Barron’s, djindexes.com, London Bullion Market Association.
Past performance is no guarantee of future results. Indices are unmanaged and
cannot be invested into directly. N/A means not applicable.

the European central bank is no U.S. federal reserve or people’s bank of china or Bank of england… Recent matters in Greece have
highlighted some of the problems with the European Union. One of the most important
is the EU does not have a single government pursuing a coherent fiscal policy. Nope.
As The Economist suggests, it’s a conglomeration of countries with disparate
economic goals and circumstances.

A writer at Forbes captured the essence of the problem in a Tweet: “No currency-issuing
national central bank would freeze the money supply in a depression. But that's what
the [European Central Bank] ECB has done to Greece.”

The lesson about money supply was learned during the Great Depression. The Federal
Reserve began tightening monetary policy in 1928. It allowed money supply in the
United States to shrink by about one-third from 1929 to 1933, and that had a disastrous
effect on the American economy. It’s hard to grow when you have less and less money.
In 2002, then-Fed Chairman Ben Bernanke fessed up, “…the Great Depression can
reasonably be described as having been caused by monetary forces.”

But the heart of the Forbes Tweet is the observation that no national central bank
would freeze money supply. The Economist pointed out that the ECB is not a national
central bank. It is an international central bank, and that is problematic.

“The ECB, of course, doesn't derive its mandate from the Greek government, but from
all euro zone member governments. And here there is a clear conflict of interest; Greece
owes money, not just to the rest of the EU, but to the ECB itself. When the ECB provides
liquidity to Greek banks, it increases the bank's exposure to a government that may
not repay it. This works both ways; neither the British nor the American government
would want the credibility of their central banks to be undermined. But the Greeks
don't have any interest in maintaining the reputation of the ECB.”

If the interests of the various countries in the EU don’t align, how does the region
pursue a coherent fiscal policy? How does the ECB implement effective monetary
policy? Should one country’s pension or healthcare system be more generous than
another’s? How does the United States do it?

Eurozone countries have a complex relationship. We’re likely to learn a lot about
its long-term sustainability in coming weeks.

Weekly Focus – Think About It

“It's not what happens to you, but how you react to it that matters.
--                                                                                             Epictetus, Greek Philosopher

Best regards,


Leif  M. Hagen
Leif  M. Hagen, CLU, ChFC                                                                       
LP Financial Advisor

P.S.  Please feel free to forward this commentary to family, friends, or colleagues. If you would like us to add them to our list, please reply to this e-mail with their e-mail address and we will ask for their permission to be added.

P.S.S. Also, please remind your friends and family members becoming Medicare eligible that we offer Medicare insurance and Part D options with NO CHARGE to work with me as their agent.



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* This newsletter was prepared by Peak Advisor Alliance. Peak Advisor Alliance is not affiliated with the named broker/dealer.
* The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. You cannot invest directly in this index.
* The Standard & Poor’s 500 (S&P 500) is an unmanaged index. Unmanaged index returns do not reflect fees, expenses, or sales charges. Index performance is not indicative of the performance of any investment.
* 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.
* Gold represents the afternoon gold price as reported by the London Bullion Market Association. The gold price is set twice daily by the London Gold Fixing Company at 10:30 and 15:00 and is expressed in U.S. dollars per fine troy ounce.
* The Bloomberg Commodity Index is designed to be a highly liquid and diversified benchmark for the commodity futures market. The Index is composed of futures contracts on 19 physical commodities and was launched on July 14, 1998.
* The DJ Equity All REIT Total Return Index measures the total return performance of the equity subcategory of the Real Estate Investment Trust (REIT) industry as calculated by Dow Jones.
* Yahoo! Finance is the source for any reference to the performance of an index between two specific periods.
* Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
* Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
* Past performance does not guarantee future results. Investing involves risk, including loss of principal.
* You cannot invest directly in an index.
* Consult your financial professional before making any investment decision.
* Stock investing involves risk including loss of principal.
* To unsubscribe from the “Peek of the Week”, please reply to this email with “Unsubscribe” in the subject line, or write us at: Hagen Financial Network, Inc. 4640 Nicols Road, Suite 203; Eagan, MN 55122.

Sources:


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