Ulin & Co. Wealth Management

Buttons Ulin, Chief Morale Officer (CMO). 🐾
Benjamin is pleased to report a strong week on Wall Street.

Nearly 4% gains for both the DJIA and S&P 500 have improved office tail-wagging sentiment. 📈

He is also cautiously optimistic about signs of potential de-escalation overseas. Less uncertainty tends to make everyone sleep better.

Benjamin’s leadership philosophy is simple:
• Stay disciplined
• Ignore short-term noise
• Focus on long-term outcomes
• Accept treats when offered

Markets move fast. Emotions move faster. Your plan should move neither.

Benjamin remains available for consultations, belly rubs, and perspective when you stop by and visit Ulin & Co. Wealth Management, ulinwealth.com

As part of the so-called "Silver Tsunami," around 41% of all privately owned businesses in the United States are owned by Baby Boomers.

70% of these owners will transition out of the business in approximately the next decade.

Legal, tax and financial advisors for these Baby Boomer Business Owners (BBBOs) face a unique set of estate planning challenges that require specialized strategies to protect their clients' accumulated wealth

Estate planning considerations for business owners Samuel M. DiPietro of Spencer Fane discusses unique estate planning challenges of business owners of the Baby Boom generation, to protect accumulated wealth, minimize tax exposure and ensure successful transition of the business to future generations.

Iran War Tests Portfolios and Psychology: Rising Gas Prices and Inflation Risk (ULIN) - -- If you hit the panic button last Tuesday and moved to cash ahead of the U.S. 8pm deadline warning that Iran must reopen the Strait of Hormuz or face military action, you likely sold into fear. By Wednesday, markets reversed after news of a two-week ceasefire announced just before the deadline.

Nothing about long-term earnings changed in 24 hours. Revenues did not change. Balance sheets did not change. Retirement projections did not change. Only perception changed. War spending can act as short-term stimulus for defense and industrial sectors. A sustained Iran conflict could add roughly $20B per month in incremental outlays on top of the approximately $1T annual U.S. defense budget. (DOD). At the same time, disruption risk to crude supply routes through the Strait of Hormuz could pressure energy prices higher at the pump, adding potential upside risk to inflation.

Hold On! Our base case, even if tensions had escalated, was not to make sudden adjustments to diversified portfolios. History shows markets usually treat wars, policy shocks, and geopolitical conflicts as temporary disruptions rather than lasting damage to economic value.

Across more than seventy years of market history, geopolitical events have typically produced contained drawdowns averaging about 4% to 5%, with markets often bottoming in roughly 18 days and recovering in about 39 days, as highlighted in our recent newsletter Iran and the Strait that Moves Markets.

Sell Everything! We received several calls this past week from newer clients feeling uneasy as war rhetoric intensified out of Washington. Volatility is the price of admission. That idea feels very different when headlines turn urgent and portfolios move in real time.

Jon here. One of the most dangerous asset classes is not stocks. It is your brain. To paraphrase Buffett’s well-known advice “to buy when others are fearful,” the stock market has a long history of transferring wealth from the impatient to the patient.

check out Ulin's timely read and charts - where we go next and how to prepare.

Iran War Tests Portfolios and Psychology Rising Gas Prices and Inflation Risk If you hit the panic button last Tuesday and moved to cash ahead of the U.S. 8pm deadline warning that Iran must