Attention BP Employees,
Capstone RIA is pleased to announce the release of our Q3 2020 model allocations for your BP ESP & Hilcorp 401(k). As the effects from COVID-19 continue, so does the heightened volatility in financial markets. The second quarter of 2020 was a drastically different scenario from the first quarter, with equity markets recouping a significant amount of the losses experienced in the first quarter. The US Government has continued to aggressively implement stimulus both directly to the general public and within bond markets, making a positive impact in the financial markets. We anticipate gains to continue albeit at a much lower level than the initial resurgence from the March lows. Volatility will almost undoubtedly continue at least through the upcoming Presidential election in November.
The economic picture in the United States and globally remain uncertain as markets adjust to the ever-changing landscape. The ultimate outcome of the issues plaguing America remains to be seen; however, we do see this situation ultimately getting behind us, in time.
Our BP ESP & Hilcorp 401(k) model portfolios have been adjusted to reflect our belief that an overweighting in US Large Cap Growth will continue to be the best performer, especially on a risk adjusted basis. We have also added a larger component into bonds to help reduce the overall volatility in your portfolio should we experience another pullback.
For current clients, we have already made the changes in your Capstone accounts to reflect our insight looking forward. Please keep in mind that we do not make changes to your BP ESP & Hilcorp 401(k), that is something you will need to do. If you would like assistance with updating your BP ESP & Hilcorp 401(k), please do not hesitate to contact us and we can walk you through the steps. Updating your asset allocation is easy to do and can be done in just a few minutes so there is no reason to delay.
To better understand which of our models is right for you, please follow the link below to a short survey that will help you determine what your risk tolerance is.
Click Here for Your Free Risk Tolerance Assessment
For those of you who are not currently a client, we invite you to join our growing clientele. Speaking with one of our advisors is complimentary. We can discuss your specific situation including matters such as your pension or transition into retirement or another career. Email us at tyler@capstonewealthadvisors.com or contact our office directly at (877)739-6007 to schedule.
Click here to view our Q3/2020 BP ESP Model Allocations
Click here to view our Q3/2020 Hilcorp 401(k) Model Allocations
Regards,
Tyler E Ryan
Capstone RIA
877-739-6007
cwabellingham.com
Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
Stock investing involves risk, including loss of principal. International & Emerging Markets investing involves special risks such as currency fluctuation and political instability and may not be suitable for all investors. These risks are often heightened for investments in Emerging Markets.
Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and bonds are subject to availability and change in price.
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