September 2024 - What Is Distracting You? | |
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Manage Your Attention | In today's Attention Economy, distractions are everywhere. Just like in the Roaring Twenties, the challenge lies in managing what captures our focus. Social media, endless news cycles, and constant notifications all compete for our time, and it's easy to let our attention drift from what truly matters. Research shows that what gets your attention ultimately shapes your experiences and your life. Â At LeConte Wealth, we call our advisory approach Purpose Built Planning, centered on Attention Management. We know that personal productivity and success come from managing attention well. Cognitive science tells us that directing our focus toward meaningful goals, while filtering out noise, is key to staying on track. We help our clients stay focused on their individual and family purposes, aligning financial strategies to achieve them. Â Don't get financially distracted. Instead, take time to identify what's consuming your attention. Is it serving your long-term purpose, or is it just noise? Shifting focus to what you can control is a powerful technique for greater clarity and peace of mind. Â Let's align your financial strategies with what matters most - so that you can make your experiences count, one focused moment at a time. Â | |
| | The Dumbest Investment Ever | The world is a loud place, especially with markets reaching new highs, and interest rate cuts seeming imminent. July was nothing short of interesting in U.S. politics, which may be challenging the soundtracks being played in your mind. With more noise and action coming over the next few months, it is important to stay engaged, but it is important to keep the main idea front and center. Â
How do you turn down the noise? Â
How do you find contentment while avoiding complacency? Â
> Read more here for a few suggestions
| | | | Hoy Grimm Managing Partner LeConte Wealth Management |
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A Healing Hand to the Next Generation | If you have a child, it's your responsibility to raise them well. Parents take on this role in many different ways, but teaching the next generation how to "fish" is crucial.
At LeConte Wealth, we're proud to help the next generation achieve the financial stability and success that their parents dream of for them. We don't brag often, but when we do, it's about serving third-generation clients across multiple families. This speaks volumes about the culture and firm we've built.
In this post, Jon shares strategies to support and uplift the next generation.discusses some strategies and ways you can encourage and benefit the next generation. Â
> Read more here | | | | |
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Non-Qualified Stock Options: Taxation, Timing, Strategy | Over the years, our team has had multiple clients come to us with questions about various forms of compensation. Most questions revolve around how the type of compensation works, how it is taxed, and, most importantly, how they can best be managed when considering the household's full picture. Â
Non-Qualified Stock Options (NQSO), are one of many popular forms of equity compensation and are a powerful tool for building wealth. Despite the complexities that require careful planning, having a long-term perspective and your goals in sight is advised when making decisions. Â
To learn more, read here. | | | | |
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Recently Published On Financial Friction | |
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Economy In Focus | The Data:Â - 50 - Basis point rate cut
- 2.1 - Percentage of retail sales growth over the past year
- 1.63 - Trillion dollars the US Federal Government has spent over what they have collected
Commentary: The Federal Reserve's recent 50 basis point rate cut marks a notable shift in monetary policy - a surprise to many. Aimed at boosting economic activity amid signs of slowing growth, the move is designed to make borrowing cheaper and stimulate spending. With sluggish corporate investment and persistent fiscal challenges, the Feds decision signals a response to these mixed economic signals. What's next? More rate cuts are projected: another 50 basis points by year-end, followed by an additional 100 basis points by the end of 2025. Â Meanwhile, retail sales have shown some resilience, posting a 2.1% year-over-year increase. This growth suggests that consumer spending - driven by household resilience and wage growth - continues to prop up the economy, preventing a more pronounced slowdown. However, it's worth noting that this growth rate falls short of the historical average of 4.6%. In fact, after adjusting for inflation, consumer spending actually fell by 0.5%, contrasting with the typical inflation-adjusted gain of 2%. Â Adding to the economic complexity is the U.S. federal government's spending. Over the past four months, the government has outspent its revenue by $1.63 trillion, pushing the budget deficit beyond $2 trillion - its highest level in over a year. While this spending provides short-term economic stimulus, it raises important questions about long-term fiscal sustainability. Â Together, these elements create a picture of an economy that's navigating uncharted waters - balancing growth efforts, fiscal challenges, and shifting consumer behaviors. As we move forward, staying informed and adaptable will be key, especially with an election right around the corner. | | |
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| LeConte In The News | LeConte Wealth Management's growth surpasses $280 million in assets under management (AUM) since our founding in 2007. This achievement reflects our unwavering commitment to providing thoughtful, personalized financial advice that aligns with your goals. Â Our success is driven by our core principles: Â - Advising with integrity and a fiduciary level of care - always putting your interests first, ensuring that our recommendations are tailored to help you achieve your financial aspirations.
- Focusing on community involvement - because we believe in giving back and making a positive impact locally.
- Embracing stewardship - both within our team and in the ways we support and guide you.
 As part of our ongoing growth, we have added a team member and promoted several team members into new roles and responsibilities. These developments reflect the dedication of our team and our commitment to servicing our clients. | | | | Jerica Davis, Client Concierge Â
Jerica Davis joined LeConte Wealth Management as our new Client Concierge in June. Bringing over 8 years of customer service experience, primarily in the hospitality industry, Jerica's expertise in delivering personalized, high-quality service will be an asset to our team. Her previous role as a Concierge at the Blackberry Corporate Office has equipped her with the skills to provide tailored, client-focused service.Â
Jerica's commitment to respect, loyalty, and integrity aligns perfectly with our values at LeConte. In addition to her professional experience, she is actively involved in community service, contributing to organizations like Habitat for Humanity, Second Harvest Food Bank, and KARM.Â
We are excited to have Jerica on our team and we look forward to the positive impact she will have in supporting our clients.ities. These developments reflect the dedication of our team and our commitment to servicing our clients. | | |
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| | Copyright 2024 LeConte Wealth Management, LLC. All Rights reserved. Advisory services offered through LeConte Wealth Management, LLC. an SEC registered investment adviser. |
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