PathBridge Financial Newsletter – October 1st Edition

Portugal

The Path Ahead

Plan Wisely | Retire Well | Travel on Your Terms


In this issue…
  • One of the most important things you can do for the health of your retirement portfolio is rebalance now
  • Win the ex-pat life for a month in Portugal (pictured above), expenses paid – here’s how to apply
  • 10 life-changing world tours to add to your bucket list
  • Who wins? Chase Ultimate Rewards Vs. American Express Membership Rewards

…and more!

If you’re in Pittsburgh, I highly recommend a trip up to McConnell’s Mill State Park. Get there early and you’ll have the place almost to yourself. I shot this video last fall. 


Fall is one of my favorite seasons as I enjoy weather where I can wear a henley without a coat, leaves start to change color, and I have an excuse to make chili – often. Here at PathBridge Financial, I am doing reviews with all ongoing financial planning clients and rebalancing portfolios. Not a client? It’s still a good time to review your goals, asset allocation, and financial progress over the last year.

International travel has been put on hold for me, but I enjoy hearing travel stories from clients who are a bit more adventurous than myself. However, all is not lost as I have a Louisville, KY trip planned, which includes a day on the infamous bourbon trail. The perfect fall activity.

I also will do my best to hit McConnell’s Mill State Park to catch some quality foliage. For everyone that lives in Pittsburgh, the park is about an hour north of the city. It’s a fantastic place to hike year-round, but it is elevated to another level of spectacular in the fall. Take a look at the video I shot last year above. You hike through a forest alongside a rapidly running stream while navigating huge rocks that look unworldly as multi-colored leaves rain down. There’s also a red, covered bridge you can drive/walk through that belongs on a postcard. I highly recommend the trip, and if you get there before 9-10 am, you’ll have the place mostly to yourself.

Safe Travels,
David


Travel

I’m sharing this next link under one condition. If you win, I’m coming to visit! International Living is looking for one lucky winner (or couple) to test out the ex-pat life in Portugal for a month. They will fly you there, pay for your accommodations, and give you “a generous expenses allowance.” The catch? You have to report back about your experience. It appears that much of your reporting back will involve some short videos. If you’re a natural in front of the camera and looking for an adventure, here’s the link. Good luck!

Some of the exotic, “life-changing” trips featured in this article from Travel Curator: Around the World in 80 Days, Flavors of the World, and Wildlife of the World. There’s something for everyone in this eclectic list that will certainly stir your wanderlust and have you dreaming about what could be.

I often find myself recommending one of the Chase Sapphire cards to clients, but this article is a reminder that one size doesn’t fit all.  Chase Ultimate Rewards vs. AmEx Membership Rewards – the winner? It depends.


Retirement

Here is a fantastic article from Morningstar on the importance of rebalancing your portfolio. It was written in March of 2020 when global pandemic fear was high among investors and stocks were trading near their lows. The timing was exceptional, and investors that followed the article’s advice were well-rewarded as they increased stock positions and then watched stock markets around the world rebound strongly.

I will soon begin rebalancing portfolios for all ongoing clients, and doing it now may be just as important as it was in March of 2020. The dramatic returns of the U.S. stock market over the last year and a half have created overweight positions in equities, especially in U.S. large-cap technology stocks. When meeting with new clients, I repeatedly see portfolios dangerously overweight with large-cap technology holdings. Never forget – the market often drops much more quickly than it goes up, so now is not the time to disregard your desired asset allocation and risk tolerances. Now is the time to rebalance and diversify. 


Did you miss the last issue of The Path Ahead? If so, you have a second chance to catch up on:

  • The best fall foliage map I could find

  • The types of investments you should put in each account

  • 21 new direct flights from Pittsburgh

  • How to reduce your taxes by superfunding a 529 plan


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    Financial Advisor David Tuzzolino

    David Tuzzolino, CFA, CFP®, is the Founder and CEO of PathBridge Financial, a firm that specializes in providing comprehensive financial planning and investment management services for clients that are nearing retirement and love to travel.