Carnegie Investment Counsel Blog

The Paris Climate Accord – A Friend to American Business?

Posted by William Anderson on Jun 22, 2021 1:30:00 PM

The U.S. rejoined the 197-nation Paris Climate Accord. Under the accord, the U.S. has committed to reducing greenhouse gas emissions by 50% of 2003 levels. President Biden has also stated that his administration wishes to move the U.S. to net zero emissions by 2050.

There is a great deal of trepidation about the potential economic consequences surrounding this matter. The concern is that it will require a lowering of consumption in the U.S. and even our standard of life.

If these targets are not just posturing but serious goals, they may portend both large government spending and tax incentives. Rejoining the Paris Climate Accord may signify a historical capital spending boom by both government and private businesses.

Read More

Topics: Market, Economy, ESG

A Day in the Life of a Portfolio Advisor: Meet Chad Warmbein and Learn How He Juggles It All

Posted by Carnegie Investment Counsel on Jun 17, 2021 1:30:00 PM

Chad Warmbein has been a Portfolio Advisor at Carnegie’s Pittsburgh office for six years. He is passionate about helping clients create a customized financial strategy aligned to their financial goals. Plus, Chad helps work with prospective clients both for individual wealth management portfolios and retirement services plans. In this blog post, we meet Chad and learn about his Portfolio Advisor role.

Read More

Topics: Financial Planning, Investment Management, Retirement Planning

Let’s Talk Inflation: Transitory or the Great Inflation 2.0?

Posted by Shams Afzal, AIF® on Jun 10, 2021 1:30:00 PM

Inflation is on the minds of many and there is no shortage of price increase anecdotes around the country. From commodities like iron ore and copper doubling in price, to paying MSRP for a year-old car, these observations of rising prices are coloring perceptions about general affordability, the dollar, the central bank and investments.

Whether we are experiencing inflation is not up for debate, however, the prospect of sustainable inflation is definitely debatable. Is it the ‘80s all over again? Can we objectively look at the pandemic-induced supply disruptions, a confluence of weather anomalies, lean manufacturing driven supply chain decisions and a Texas freeze, and call it a structural and sustainable inflation? Not really. At least, not yet.

Read More

Topics: Stocks, Market, Economy, Interest Rates

Risk of Avoiding Financial Risk

Posted by Carnegie Investment Counsel on Jun 3, 2021 1:30:00 PM

One of the most important aspects of responsible financial planning is risk management. A proper understanding of risk can help you anticipate losses and gains and create an investment strategy with your financial planner as you build wealth. Assessing your risk tolerance can guide you in your investment decisions. Armed with this knowledge, you can start to see the risk of avoiding risk.

It is important to identify your financial goals, what it will take to reach those goals and understand the level of risk you are willing to take to get there. Your goals and behavior must be aligned.

Read More

Topics: Financial Planning, Investment Management, Risk Management

How Hiring a Financial Advisor for Your Nonprofit Can Help You Make a Greater Impact

Posted by Bob Carroll on May 27, 2021 1:30:00 PM

When you work or volunteer for a nonprofit agency, your work is important and valuable. You might even say you are “doing good in the neighborhood!” When you combine your nonprofit mission with strong financial management you can make an even greater impact for those you serve.

Strong financial management is critical to the success of nonprofit organizations and helps them be more effective. This is true now more than ever, with the impact of COVID placing increased demand on financial resources. It helps to enlist the support of a qualified financial advisor to help navigate your nonprofit through volatile times.

So, what’s the case for engaging a nonprofit financial advisor for your organization? Here are some key benefits:

Read More

Topics: Financial Planning, Investment Management, nonprofit financial advisors

Top Myths About Financial Planning

Posted by Carnegie Investment Counsel on May 13, 2021 1:30:00 PM

Are you considering hiring a planner to help navigate your financial future? If so, do you know what financial planning entails? Financial planning revolves around taking a holistic view of a client's financial situation and advising them on how to achieve realistic economic goals.

While it seems simple enough, there are several myths surrounding financial planning that might prevent you from enlisting a planner. Let's examine four of these in detail to help you reach a better understanding of how a financial planner can meet your needs.

Read More

Topics: Financial Planning

Day in the Life of Linda Fousek, Chartered Financial Analyst® and Portfolio Manager

Posted by Carnegie Investment Counsel on May 4, 2021 1:30:00 PM

We continue our series profiling different financial advisors at Carnegie Investment Counsel with our Portfolio Manager Linda Fousek. Linda is a Chartered Financial Analyst® and her expertise areas are investment strategy and asset allocation, including portfolio construction and implementation.

Read More

Topics: Financial Planning, Relationship Management

What to Do in Times of Looming Inflation (Or Perceived Looming Inflation)

Posted by Greg Halter, CFA on Apr 27, 2021 1:30:00 PM

Are we headed into a time of inflation? Many people and economists are debating this issue right now. In the “real world,” we’ve seen inflation in interesting areas such as Pokémon and NBA Top Shots trading “cards,” which had seen a spike up in prices earlier in the year. Housing prices are certainly rising. Plus, inflation is finding its way into commodities such as food inputs like soybeans, corn and more. Certainly, gas prices are higher at the pump than a year ago. And does it mean inflation is coming because of crazy high auction prices for things such as Jack Dorsey selling his first tweet ever as an NFT (non fungible token) for over $2.9 million?

Read More

Topics: Stocks, Market, Economy, Interest Rates

Carnegie Adds EV Charging Station at Headquarters

Posted by Gary Wagner on Apr 20, 2021 1:30:00 PM

In anticipation of Earth Day on April 22, we are sharing a new Earth-friendly installation at our local  office in Pepper Pike, Ohio

If you live in Northeast Ohio and have been out and about on Lander Circle in Pepper Pike, you might have noticed a slim upright structure that vaguely resembles the old-time gasoline pumps of a day gone by. However, this unit is not pumping out gasoline and instead delivers up to 13.2kw per hour of electricity to any needy electric vehicles (EVs) in the vicinity.

Read More

Topics: Artificial Intelligence, Technology

Update on Tax Season for 2021

Posted by Bryan Blackburn, CFP® on Apr 15, 2021 1:00:00 PM

The Internal Revenue Service anticipates that more than 150 million tax returns will be filed this year. In a normal year, this is a colossal undertaking. But in a world still altered by a pandemic, it becomes a bit more complicated for all parties involved. We are here to help you navigate the process.

Read More

Topics: Financial Planning, Taxes

    Carnegie Cropped eBook No Shadow-min

    "Top 4 Questions to Ask Before Hiring a Financial Advisor"

    What You'll Learn

    • The difference between fiduciary and suitability standards
    • Learn how some advisors may not be required to work in your best interest
    • Be aware of various types of hidden costs
    • The importance of third party custodians
    • The difference between fee-based and fee-only

    Download Your Copy of the eBook Below

    Recent Posts

    Subscribe here for monthly blog updates!