MAY NEWSLETTER | Spring Blossoms + Team Milestones 🌸

Jun 19

Hi there,

We hope the sunshine and blossoms are bringing joy to you, too! We’ve been loving getting outside for the Wednesday Farmer’s Market, jumbo jenga in Director’s Park, and some downtown cleanup. Meanwhile, we’re reviewing Investment structures and starting the 2024 Tax Planning cycle with clients.

Our 2024 Modernist calendar reminds us that this is a season of revival. 🌱 It also poses the question: Consider the times you’ve received wealth* from outside your family system, what comes to mind? (When we say wealth, we mean time, money, relationships, skills, and wellbeing.)

Let us know what you discover!

Georgia + Team Modernist

investment insights

At Modernist we’re keeping a long term view as 2024 moves from Q1 into Q2 with mixed economic signals & market movements. ⚡ On the blog we share top risks, sources of stability, and key economic indicators to keep an eye on. 👀

As part of our ongoing Election Year dispatches we’re also sharing thoughts on How To Protect Your Portfolio in an Election Year, and what to think when a stock feels “exciting”.

Structure Your Wealth Around Your Values

We Believe in Portland! Our team gathered with 100+ other businesses on a beautiful spring Friday to help clean up downtown. Says Katia: “I had way too much fun. I appreciate what Portland stands for, and this helped me re-bond with the city.”

FROM THE TEAM

It’s been an exciting month of milestones for our team! Alejandra, Bernard, and Katia took their Series 65 exams and everyone passed with flying colors. 📝🌈 Josh celebrated his second work anniversary, and we celebrated all these milestones as we usually do, by supporting a local restaurant for a team feast of oysters and a tense game of giant jenga. 😋

modernist TAKES it outside

Georgia contributed to PBJ’s 2024 Estate and Charitable Planning Guide! In a great conversation with Rob Smith, she shared the mantras we use with our clients:

🗣 Give the gift of estate planning to your parents

🗣 Believe in Plenty. Believe in Enough.

🗣 Name a community foundation in your will

🗣 Don’t believe the Death Tax propaganda

🗣 Avoid being a Jane Austen novel: talk legacy across generations

Georgia recently chatted with The Washington Post’s Alana Benson for a Nerdwallet article exploring fear, investing, and the money stories that drive our behavior:

“One of my favorites from the Great Recession is, ‘I’m not going to invest in a 401(k) because my uncle lost all of his money in his 401(k),’” says Hussey. “It wasn’t the 401(k) that was the problem. It was your uncle, who in the middle of the night got freaked out and sold everything in his 401(k) at the bottom of the market. That’s actually what was wrong. It was the human making an emotional decision. The 401(k) itself is just a tax wrapper. It has no personality. It doesn’t do things to anybody. So let’s unpack what that story is actually about.”

FUND YOUR HEROES

We’re inspired by the work Real Estate Professionals Against Institutional Racism is doing to guide white folks in real estate to start or continue their anti-racism work, and creating a space for BIPOC individuals to get involved in the real estate industry. They also raise funds for the BIPOC community’s building and retaining of generational wealth through homeownership.

Consider supporting this critical work!

Good News

Dear Stranger is a recurring letter-exchange project that connects Oregonians through the mail to share experiences, beliefs, and ideas. Over 1,000 letters have been exchanged since its launch in 2014.

Learn how to participate (with a lovely writing prompt) then send in your letter by June 30! 💌

A SONG THAT’S REALLY ABOUT COMMUNITY

Talking Heads perform ”Cities“

I'm checking them out / I got it figured out

There's good points and bad points

Find a city / Find myself a city to live in

We’re listening to this iconic song from Talking Heads and thinking about how each of us holds the responsibility to craft a sense of place and belonging where we are. We’re certainly feeling that energy shift in Portland, we’re moving from national negative press to remembering that we’re city of people committed to moving forward together.

Check out just one of the fab orgs doing this work:

Portland is What we Make It.

Want More? Sign up for our monthly newsletter!

INFORMATION PROVIDED IN THIS LETTER IS FOR EDUCATIONAL PURPOSES ONLY. TO DISCUSS ANYTHING IN THIS NEWSLETTER OR YOUR ACCOUNT, PLEASE CONTACT US AT HELLO@MODERNISTFINANCIAL.COM.

VIEWS AND OPINIONS ARE SUBJECT TO CHANGE AT ANY TIME BASED ON MARKET AND OTHER CONDITIONS. THE INFORMATION PROVIDED DOES NOT CONSTITUTE INVESTMENT ADVICE AND IT SHOULD NOT BE RELIED ON AS SUCH. IT SHOULD NOT BE CONSIDERED A SOLICITATION TO BUY OR AN OFFER TO SELL A SECURITY. IT DOES NOT TAKE INTO ACCOUNT ANY INVESTOR'S PARTICULAR INVESTMENT OBJECTIVES, STRATEGIES, TAX STATUS OR INVESTMENT HORIZON. YOU SHOULD CONSULT YOUR TAX AND FINANCIAL ADVISOR. ALL MATERIAL HAS BEEN OBTAINED FROM SOURCES BELIEVED TO BE RELIABLE. THERE IS NO REPRESENTATION OR WARRANTY AS TO THE ACCURACY OF THE INFORMATION AND MODERNIST FINANCIAL, LLC SHALL HAVE NO LIABILITY FOR DECISIONS BASED ON SUCH INFORMATION. RISK ASSOCIATED WITH EQUITY INVESTING INCLUDE STOCK VALUES WHICH MAY FLUCTUATE IN RESPONSE TO THE ACTIVITIES OF INDIVIDUAL COMPANIES AND GENERAL MARKET AND ECONOMIC CONDITIONS. PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE RESULTS.

MODERNIST FINANCIAL, LLC ("MODERNIST") IS A REGISTERED INVESTMENT ADVISOR WITH THE STATE OF OREGON FOUNDED BY GEORGIA LEE HUSSEY, CFP®, IN LOVELY PORTLAND, OREGON. MODERNIST PROVIDES INVESTMENT ADVISORY AND RELATED SERVICES FOR CLIENTS NATIONALLY. MODERNIST WILL MAINTAIN ALL APPLICABLE REGISTRATION AND LICENSES.

Georgia Hussey