Introducing the MFT App for mobile devices

Introducing the MFT App for mobile devices

It wasn’t that long ago one would’ve needed to use a stack of printed statements and a financial calculator to determine the return on an investment. And, to find out how the market or an investment had behaved in the past, a trip to the library for historical data (probably on microfiche) was needed.

Today, when curious about these and other things, information can be obtained in mere moments via the web. This is wonderful or awful depending on the circumstances.

On the positive side, a tool such as our client portal at www.moisandfitzgerald.com gives fast access to basic information needed to answer many quick questions. Wonder what your accounts are worth or when a deposit or a withdrawal was made? That information is available on demand. To make getting data even easier, we have released the Moisand Fitzgerald Tamayo mobile app. Many clients will find the app more convenient than logging on through a computer.

The app is available for download from the app stores for both Apple and Android devices. The first time a client logs-in, the app will request answers to security questions but after that, it is very easy to get into your portal. The app is equipped to respond to the fingerprint function on both Apple and Android phones and tablets so using a strong password is even easier.

Once in your portal, you will find much of the same information available to you as when accessed through a computer. It cannot look exactly the same due to the phone’s smaller screen size, but we found it relatively easy to navigate. We are happy to provide the app as an additional convenience for clients.

All that said, we would be remiss if we didn’t mention a negative to such data. Studies show that in the aggregate, people who take frequent peeks at account values and other data have a higher incidence of poor investment results. Checking in frequently often results in the creation of anxiety, false conclusions, and short-term thinking – a dangerous combination. Please try to keep in mind much of the data in your portal is just information, not actionable insight.

Checking in frequently often results in the creation of anxiety, false conclusions, and short-term thinking – a dangerous combination.

 

New addition to your reports

One of the primary long-term goals of an investment portfolio is to keep up with inflation. Over time, inflation erodes the purchasing power of our income and assets. A loaf of bread costs more today than it did 20 years ago and is likely to cost more in the future.

Because of its importance, we are now including data about inflation on our performance reports, as measured by the Consumer Price Index (CPI). You will see this new line regardless of whether you view your reports online, through the app or on a printed copy.

Inflation is a process of continuously rising prices and the Bureau of Labor Statistics produces many versions of the CPI. We could have used a “seasonally adjusted” measure of inflation but those numbers were nearly identical over longer time frames as the unadjusted version. Since we are long-term investors, we opted instead for an unadjusted version because it reflects the prices consumers truly pay. As the Bureau puts it, this form of CPI measures inflation “… as experienced by consumers in their day-to-day living expenses.”

 

News & Notes

Charlie Fitzgerald and CFP Board CEO Kevin Keller

Charlie hits the road for CFP Board As a board member for the Certified Financial Planner Board of Standards, Inc., Charlie Fitzgerald recently completed a two-city visit with the board’s CEO, Kevin Keller. They provided updates on the recent accomplishments of the board and fielded a wide array of questions. The most recent and significant accomplishment is the board’s release of its new Code of Ethics and Standards of Professional Conduct.  Most notable is that starting in October 2019, CFP Board will hold all 82,000 CFP® professionals in the U.S. to a fiduciary standard for financial advice, benefiting all clients.

Dan down under For nine days in late August, Dan Moisand led a delegation of financial planners to Australia on behalf of the Financial Planning Association. The delegation and their guests toured Sydney and Melbourne and had several meetings with Australian financial planners, government officials, educators and other financial planning related parties. This is the fourth international delegation Dan has led. Past trips included Russia (2008) China (2011) and India (2013). A past-national President of FPA, Dan has now spoken to planner organizations on six continents.

Selling a home? Don’t forget portability Since 1992, annual increases in the assessed value of property receiving Homestead Exemption have been capped at 3% or the percentage change in the Consumer Price Index, whichever is lower. This limitation is commonly referred to as the “Save Our Homes” cap. The SOH cap became portable in 2008, which means the dollar value difference between the assessed value and market value of your prior Homestead property, up to $500,000, can be transferred to a new Homestead property anywhere in the state of Florida. Portability enables relocation while retaining the limitation on assessed value. Apply for Portability when applying for Homestead Exemption by using form DR-501T  (Transfer of Homestead Assessment Difference). This application is required in addition to the Homestead Exemption application and is due March 1st.

 

 Contact Us


Moisand Fitzgerald Tamayo, LLC is an Orlando, FL and Melbourne, FL based fee-only financial planner serving central Florida and clients across the country. Moisand Fitzgerald Tamayo, LLC specializes in providing objective financial planning, retirement planning, and investment management to help clients build, manage, grow, and protect their assets through all phases of one’s life and the many transitions in between.

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Important Additional Information & Disclosures


Please remember that past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Moisand Fitzgerald Tamayo, LLC-“MFT”), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. 

Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions.  Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from MFT. 

Please remember that if you are a MFT client, it remains your responsibility to advise MFT, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. MFT is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. Tax advice is given only to clients and only when agreed to by MFT. A copy of the MFT’s current written disclosure Brochure discussing our advisory services and fees is available for review upon request.

Please Note: MFT does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to MFT’s web site or blog or incorporated herein, and takes no responsibility for any such content. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Please Note: Limitations:  While MFT does NOT pay for recognition, awards, or publicity, neither rankings and/or recognition by unaffiliated rating services, publications, or other organizations, nor the achievement of any designation or certification, should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if MFT is engaged, or continues to be engaged, to provide investment advisory services. Rankings published by magazines, and others, generally base their selections exclusively on information prepared and/or submitted by the recognized adviser. Rankings are generally limited to participating advisers. No ranking or recognition should be construed as a current or past endorsement of MFT by any of its clients.  ANY QUESTIONS: MFT’s Chief Compliance Officer remains available to address any questions regarding rankings and/or recognitions, including providing the criteria used for any reflected ranking.

Historical performance results for investment indices, benchmarks, and/or categories have been provided for general informational/comparison purposes only, and generally do not reflect the deduction of transaction and/or custodial charges, the deduction of an investment management fee, nor the impact of taxes, the incurrence of which would have the effect of decreasing historical performance results.  It should not be assumed that your MFT account holdings correspond directly to any comparative indices or categories. Please Also Note: (1) performance results do not reflect the impact of taxes; (2) comparative benchmarks/indices may be more or less volatile than your MFT accounts; and, (3) a description of each comparative benchmark/index is available upon request.

 

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