1330 Orange Ave., Ste 302
Coronado, CA 92118
Read financial tips and market updates in our weekly newsletter
Copyright © 2002 – 2023 Orion Capital Management LLC • Coronado, CA
Disclosure: Orion Capital Management LLC (“Orion”) is an investment advisor registered with the U.S. Securities and Exchange Commission (SEC). The firm offers advisory services in the State of California and in other jurisdictions where registered or exempted. Registration does not imply a certain level of skill or training. The information on Orion’s website or in its distributed commentary shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons or entities of another jurisdiction unless otherwise permitted by statute. Orion’s individualized responses to consumers in a particular state in the rendering of personalized investment advice for compensation shall not be made without the firm first complying with jurisdiction requirements or pursuant to an applicable state exemption.
The information on Orion’s website or in its distributed commentary is not investment, tax, accounting or legal advice. Orion is not a tax advisor. For tax advice individuals should consult their CPA. This information is also not an offer or a solicitation of an offer to buy or sell any security, or to be construed as an endorsement of any company, security, fund, or other securities or non-securities offering. This information should not be relied upon in the making of investment decisions. All content on this site is for informational purposes only, and nothing herein should be construed as an investment recommendation. Opinions expressed herein are solely those of Orion, unless otherwise specifically cited. Material presented is believed to be from reliable sources, but no representations are made by our firm as to other parties’ informational accuracy or completeness. All information or ideas described on Orion’s website or in its distributed commentary should be discussed in detail with an investor’s personal financial advisors and legal counsel prior to implementation.
Past performance is no indication of future results. Investment in securities involves significant risk and has the potential for partial or complete loss of funds invested.
The information on Orion’s website or in its distributed commentary is provided “AS IS” and without warranties of any kind, either express or implied. To the fullest extent permissible pursuant to applicable laws, Orion Capital Management LLC disclaims all warranties, express or implied, including, but not limited to, implied warranties of merchantability, non-infringement, and suitability for a particular purpose.
Testimonials or reviews on Orion’s website are from current clients. Orion does not compensate for reviews or testimonials and has no material conflicts with clients offering reviews.
Orion does not warrant that the information on Orion’s website or in its distributed commentary will be free from error. Your use of this information is at your sole risk. Under no circumstances shall Orion be liable for any direct, indirect, special or consequential damages that result from the use of, or the inability to use, the information provided on this site, even if Orion or an Orion authorized representative has been advised of the possibility of such damages. Information contained on this site should not be considered a solicitation to buy or an offer to sell any security, or a recommendation to buy or sell any security in any jurisdiction where such offer, solicitation, or recommendation would be unlawful or unauthorized.
Schedule a quick introductory call with you and see if we would be a good fit for you.
Five Financial Tips for Year-End
As the year winds down, there are a few things investors should do to get their finances bundled up for 2019. We’re all busy at this time of year, so this will be a short list of actionable items.
Many of the things you do to improve your finances may seem small. But remember: over time they compound into a major improvement.
The easiest money you can make is the tax savings you can generate by contributing the maximum amount possible to tax-deferred retirement plans such as IRAs, 401(k)s or defined benefit plans. Those with high income from self-employment are in a particularly good position to reduce their tax bite. Individual 401(k)s, SEP-IRAs and Defined Benefit Plans (and the high tax-deductible contributions that go with them) may all be fair game for the self-employed. Make sure you have set up the most advantageous plan for your situation. Click here to see more details on this topic. Call us if you are unsure.
If you have realized capital losses in any of your investments, you can use them to offset realized capital gains. If your realized losses exceed your realized gains by $3,000 or more, you can offset $3,000 of your taxable income with your capital loss. Any realized losses above $3,000 can be carried over to successive tax years. In general, if you must realize capital gains, try to make them long-term gains, which are taxed at a lower rate than short-term gains.Also, be strategic about when you buy or sell mutual funds in taxable accounts late in the year. Typically, most funds make their capital gains distributions in the last few months of the year. Be careful not to buy into a fund that is just about to make distributions—as you will receive an unwelcome taxable distribution! In taxable accounts, it is almost always better to buy into funds after they have made their annual distributions and to sell any funds before they make distributions. (Better still, don’t own mutual funds in your taxable accounts at all—use tax-efficient exchange-traded funds (ETFs) instead!)
Knowing how much investment risk you can comfortably withstand is critical, and can help you from making very damaging decisions when the markets take their occasional tumble. With equity markets having done well of late, many investors are probably quite heavy in their stock allocation. Consider rebalancing your portfolio. Not sure how? Give us a call.
Periodically rebalancing your portfolio to its target asset class weightings can make the process of “buying low and selling high” systematic and unemotional. Emotionally, it is easier to add to whatever asset class has recently done well and to sell that which has done poorly. In the long run, however, it is better to add to worthy assets classes that have become cheap and to reduce exposure to asset classes that have become relatively expensive. Regular rebalancing will also help to prevent you from becoming over-exposed to any particular asset class. The end of the year is usually a good time to bring things back into balance.
Most people are investing today to build a retirement nest egg that will be tapped decades in the future. Thus, worrying whether the stock or bond market was up or down this week or month (or year) is unproductive. Market pullbacks should be seen as opportunities to add to investments when they are temporarily cheaper, not as reasons to sell. Knowing your risk tolerance and having a long-term focus do wonders for helping you rest easier today.
To learn more about how we help clients to secure their financial futures, please visit us at www.orioncapitalmgmt.com.
Join Our list!
Join our email newsletter list to receive more market updates and financial articles like this one.
Markets Calm Amid Crosscurrents
Both stock and bond markets seem to be taking today’s many conflicting financial and political cross currents in stride, with
Fed’s Medicine is Working
The first quarter of 2023 featured plenty of drama in the markets, with the sudden failure of Silicon Valley Bank,
The Demise of Silicon Valley Bank
On Friday, Federal banking regulators placed Silicon Valley Bank (SIVB) into receivership to protect depositors and to prevent possible contagion
Peter Thoms, CFA, MBA