Insights

Our resolve to know and understand client goals, needs, and dreams is imperative. Continual study and up-to-date knowledge of economic factors outside of our control to inform clients better equips our team to advise, manage and strive toward achieving each client's goal plan.

Featured Blog Post

P&G CEO Transition, What to Expect?

Our Outlook

CEO Transition As David Taylor’s tenure as CEO comes to completion on November 1st, Jon Moeller will take over responsibilities as Chief Executive Officer and President at Procter & Gamble. David Taylor will move to Executive Chairman of the Board (here). The company has seen a fair amount of turnover in the CEO position since […]

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All Blog Posts from Insights

  • Focus on Investments

    Our Outlook

    What is Driving this Market? Can anything stop this market?  Slowing growth and a recession certainly could, but are they anywhere on the horizon? A host of COVID specific federal unemployment benefits are set to expire on September 6th 2021.  Among the expiring emergency benefits is an extra $300 per week of unemployment income. Federal […]

  • Market Quick Stats – August 2021

    Our Outlook

    Higher and higher Through August 30th there have been 53 new closing highs for the S&P 500.  This market is closing in on the record 77 new all-time highs which occurred in 1995 (h/t Howard Silverblatt of S&P Dow Jones Indices). The chart below highlights recent prices, total returns (total return always includes dividends), dividend […]

  • P&G CEO Transition, What to Expect?

    Our Outlook

    CEO Transition As David Taylor’s tenure as CEO comes to completion on November 1st, Jon Moeller will take over responsibilities as Chief Executive Officer and President at Procter & Gamble. David Taylor will move to Executive Chairman of the Board (here). The company has seen a fair amount of turnover in the CEO position since […]

  • Infrastructure & Budget Legislation

    US Senate Spending Bills On August 10, 2021, the US Senate passed a bi-partisan infrastructure funding bill worth $1.1 trillion (see more here).  The Senate bill allocates about 10% toward roads & bridges and smaller amounts for rails, ports, airports, and EV charging stations. According to Statista, in 2018, the US spent 0.52% of its […]

  • Bond Rates Are Declining, Why?

    Our Outlook

    What are Lower Yields Telling Us? On March 19, 2021, the benchmark ten-year US Treasury bond closed yielding 1.74%. By the first trading day in August the bond’s yield had dropped to 1.20%. With all of headlines and talk about rising inflation, why have bond yields dropped so significantly since March? The bond market and […]

  • Why My Property Tax Increased & Yours May Too

    Our Outlook

    A Rising Home Value is Good Right? Yes, but in a way it’s a double edged sword.  Have you looked at your mortgage escrow statement recently?  I did and my jaw dropped. My real estate taxes just jumped 31%. It must have been a mistake I thought. Then I called my county auditors office and […]

  • Market Quick Stats – July 2021

    Our Outlook

    Back to Normal?  Not So Fast… Just as most restaurants and business in cities with the most stringent COVID precautions/restrictions started to re-open, some of those locations are introducing new COVID precaution/restriction measures. For example New York City mayor Bill de Blasio recently announced mandatory vaccinations for all newly hired NYC government employees and for […]

  • P&G 2021 Q4 & Year End Earnings

    Our Outlook

    On July 30th, 2021 Procter & Gamble reported 4th quarter & fiscal year-end 2021 earnings results (see press release here). For the quarter, the company reported 7% top line revenue growth to $18.9 Billion versus last year. Diluted earnings per share (EPS) in Q4 was $1.13 vs. a $1.08 consensus estimate. Overall ‘organic’ revenue increased […]

  • How to Look at Market Valuations

    Our Outlook

    What is a “Fair” Price for Stock Before you buy or invest in stock, you’ll want to answer the question: Are stocks valued appropriately for the current level of economic activity or expected level of activity over the next twelve months? You can think about stock valuations a little like you might think about a […]

  • Is 2021 Back to Normal Yet?

    Our Outlook

    (Re) Open For Business Here we are halfway through 2021. Restaurants and business throughout the nation are re-opening. How is this return to normal playing out in the economy and stock and bond markets? As of June 30th, according to S&P Dow Jones Indices, the S&P 500 index of US stocks is up 15.2% year-to-date (YTD). […]

  • Focus on Personal Finances

    Our Outlook

    High Debt Levels Higher levels of corporate, government, and personal debt may be creating a more fragile economic environment. In past decades, low debt was considered prudent and desirable. Today, fiscal policies pursued by the US Federal government have pushed our national debt over $28 trillion, and zero interest rate (ZIRP) monetary policies of the US […]

  • What About Bitcoin?

    Our Outlook

    Crypto Curiosity Record breaking prices propelled Bitcoin into the mainstream news this spring. We have fielded more and more questions about cryptocurrencies in general and Bitcoin specifically. It appears likely that blockchain technology and maybe some cryptocurrencies may survive. Ultimately, how they are regulated and how widely they will be used as currency or for […]

  • Taxes & Energy Policy

    Our Outlook

    Individual Tax Rates The current US government administration is considering raising taxes for individuals & families, corporations and even estates.  A recent CNBC article discussed how the Biden administration is looking to raise the top marginal tax bracket to 39.6% from 37.0%.  Coupled with this is the likelihood of lower income thresholds for each tax […]

  • Inflation and the Economy – 1st Half 2021

    Our Outlook

    Inflation – Persistent or Transitory? One of the biggest financial news themes this year has been inflation. There is no question that price inflation is on the rise.  Is it here to stay, or will recent increases be short-lived and transitory? Each month, a US government agency called the Bureau of Labor Statistics (BLS) measures […]

  • PG Q3 2021 Earnings Results

    Our Outlook

    On April 20th, 2021 Procter & Gamble reported 3rd quarter 2021 earnings results (see P&G’s press release here). For the quarter, the company reported top line revenues of $18.1 Billion; up 5% versus last year and beating the $17.9 Billion consensus revenue estimate. Diluted earnings per share in Q3 was $1.26 vs. a $1.19 consensus […]

  • P&G Q1 2021 Earnings Results

    Our Outlook

    On October 20th, 2020 Procter & Gamble reported 1st quarter 2021 earnings results (see P&G’s press release here). For the quarter, the company reported top line revenues of $19.3 Billion, beating the $18.3 Billion consensus estimate and diluted earnings per share were $1.63 vs. the $1.43 consensus estimate. First quarter 2021 net sales growth was […]

  • September 2020 Non-Farm Payroll Employment (NFP)

    Our Outlook

    On October 2nd, 2020 the Bureau of Labor Statistics (BLS) reported that September Non-Farm Payroll Employment rose by 661,000 new jobs and the unemployment rate fell by 0.5% to 7.9% (see full release here). The unemployment rate dropped below the key 8% level although job gains were below estimates forecasted by Marketwatch at 810,000. September represents […]

  • Thoughts on Your P&G October LTIP Award & Choices

    What’s New Procter & Gamble employees who are normally eligible for the LTIP award in February, will now be receiving the award in the preceding October. Eligible employees have the opportunity to choose either RSU’s, Stock Options, or a combination of both in 25% increments. Consult your P&G compensation department and online resources for your […]

  • August 2020 Non-Farm Payroll Employment (NFP)

    On September 4th, 2020 the Bureau of Labor Statistics (BLS) reported that August Non-Farm Payroll Employment rose by 1.4 million new jobs and the unemployment rate fell by 1.4.% to 8.4% (see full release here). The unemployment rate drop was better than forecast and total job gains where about in-line with estimates. August represents the […]

  • July 2020 Non-Farm Payroll Employment (NFP)

    On August 7th 2020 the Bureau of Labor Statistics (BLS) reported that July Non-Farm Payroll Employment rose by 1.763 million new jobs and the unemployment rate fell by 0.9% to 10.2% (see full release here). Both the job gains and the unemployment rate drop were better than forecasted. July represents the third 1 million+ job […]

  • P&G Q4 & Full-Year 2020 Earnings Results

    Our Outlook

    On July 30th, 2020 Procter & Gamble reported their 4th quarter and Full-Year 2020 earnings results (see P&G’s press release here). For the quarter, the company reported top line revenues of $17.7 Billion, beating the $17.0 Billion consensus estimate, and bottom line ‘core’ earnings of $1.16 besting the $1.01 consensus eps estimate. For the year, […]

  • Financial Terms Glossary

    Our Outlook

    The world of financial terms can be a confusing one to navigate. In this blog, you’ll find a list of commonly used financial industry terms. At Schmitt Wealth Advisers, we don’t expect you to know all of these. Let us help you get the most out of your investments so you can focus on what […]

  • Procter & Gamble Commentary on Q3 2020 Earnings

    Our Outlook

    Days before reporting earnings, P&G announced a dividend increase of 6%. The company has paid a dividend every year since 1890. On April 17, 2020, Procter & Gamble reported fiscal 2020 third quarter earnings (here). The firm reported ‘core’ earnings of $1.17 per share, better than consensus expectations of $1.13 and up 10.3% from 2019 […]

  • What Happens When You’re Facing Early Retirement at Procter & Gamble — Your Financial Future

    Our Outlook

    A Road Diverged As public companies strive to meet or beat earnings targets, change is inevitable. Sometimes brands or segments are consolidation to reduce costs.  Employees impacted by a consolidation or reduction in force (RIF) may have the opportunity to take an early retirement package. Similar to retirement, deciding whether to accept an early retirement package […]

  • P&G Stock Nuances You Need to Know

    Our Outlook

    Procter & Gamble has two main retirement programs for its employees: the P&G PST & ESOP Plan (PST Plan) and the P&G 401(k) Savings Plan. When it comes to the type of P&G stock contributions made inside your PST Plan, there are some important nuances that may benefit you as you look to achieve your financial goals. […]

  • Confused by NUA Tax Rules for 2020?

    Our Outlook

    Now that 2020 is in full swing, what does the new decade mean for NUA tax rules? What’s new? What could you have missed as it relates to distribution decisions for your P&G PST Plan? Before diving into the NUA strategy yourself, let us provide a quick refresher and cover what it entails.  What Is […]

  • Procter & Gamble Commentary on Q2 2020 Earnings

    Our Outlook

    On January 23, 2020, Procter & Gamble reported fiscal 2020 2nd quarter earnings. The firm reported ‘core’ earnings of $1.42 per share, $0.05 better than consensus expectations of $1.37. Also, GAAP diluted net earnings was $1.41 per share. Aside: Why is there a difference between GAAP and ‘core’ earnings? GAAP, Generally Accepted Accounting Principles, includes everything […]

  • Procter & Gamble Reports 2019 Q4 and Full-Year Earnings

    Our Outlook

    Procter & Gamble Q4 & Full-Year 2019 Earnings

  • A Look at Tax Increase Proposals

    Our Outlook

    Taking a look at the recently proposed 3% wealth tax and raising the top marginal income tax rate to 70%.

  • Procter & Gamble Q2 2019 Earnings

    Our Outlook

    Procter & Gamble Q2 2019 Earnings Report

  • Much Ado About Tariffs

    Our Outlook

    Recently announced tariffs on steel & aluminum imports has created an economic commentary uproar. Should you be concerned?

  • Tax Reform & Economic Impact

    Our Outlook

    In addition to reducing corporate & personal tax rates, recent tax reform has already resulted in dozens of U.S. Corporations announcing; new employee bonuses, increased minimum wage, new hiring intentions and new capital spending.

  • P&G adds Nelson Peltz and Joseph Jimenez to Board of Directors

    Our Outlook

    Procter & Gamble adds Nelson Peltz and Joseph Jimenez to Board of Directors

  • FOMC Rate Decision – November 2017

    Our Outlook

    The FOMC left the target rate unchanged at 1.00% – 1.25% effective November 1, 2017

  • Commentary – August 22, 2017

    Our Outlook

    TD Ameritrade Economic research discusses the upcoming need for congress to pass a budget and raise the debt ceiling. Humanitarian aid and rebuilding from the devastation left by Hurricane Harvey on the Gulf Coast is a critical need that congress will also have to address.

  • FOMC Interest Rate Decision – June 14, 2017

    Our Outlook

    The FOMC raised short term interest rates by 1/4 percent to 1.00% effective June 14, 2017.

  • Procter & Gamble Executive

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    Associate Director Case Study

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    Entrepreneur Couple Case Study

  • Plant Manager

    Case Studies

    Plant Manager Case Study