Campbell Wealth Management - May 2020

Campbell Wealth Management - May 2020

Follow us on:

CampbellWealth.com • (703) 535-5300 • 330 John Carlyle St., Suite 400, Alexandria, Virginia 22314

Even When Apart, We’re Together

Our thoughts and prayers are with everyone dealing with the virus, including those who have fallen ill, those with loved ones who are ill, and those in the medical field who are on the front lines taking care of our community. We’re thinking of you as we slowly work our way to recovery. In the mix of it all, it seems that being stuck at home has become the new normal, at least for now. While there is light at the end of the tunnel, many people are continuing to work from home, or they’ve been furloughed, laid off, or they’re already retired. No matter your situation, we’re all in this together — even if we’re apart.

us go into the office if we need to. I’ve been working at the office here and there, and Mark Wagner, our Director of Investments, has been in as a well. But don’t worry! Our offices are at opposite ends of the building, so we are observing social distancing! And speaking of Mark, I really have to tip my hat to him and his team. They have been managing our portfolio exceptionally well! They have been working hard and it's paying off. Our portfolio was structured to not only work well when the market is up but also to continue to work well even when the market takes a hit. Despite the challenges of the last few months in terms of the

market, I’m happy where we currently stand. And I tip my hat to the rest of our team as well. They came together right when things started changing. We had a business continuation plan in place in the event our normal business was disrupted. We never expected to put this plan into effect quickly or for this long, but we did it and thanks to the Campbell Wealth team, it’s been working great! Our phone lines are open and we’re communicating with clients, whether it’s over the phone, via email, or virtually, using apps like GoToMeeting. We’ve even brought on a few new clients during all of this. It’s great to see as a firm that we can adapt and maintain “business as usual” — or as close to it as possible. On the home front, the kids are home from school. Connor, our oldest, is back from college and taking classes online. He’s been taking classes at Florence-Darlington Technical College, which also has a Division I baseball team. The baseball season was canceled along with in-person classes, but there was a piece of good

Many people have also found themselves with more free time than they used to have. You may be in the same boat. How are you using this time? If you’ve found yourself with an excess of time, then you might call it a silver lining and get creative with it. Maybe you’re going outside more. If you’ve been putting off gardening, that might be an option. You don’t even have to go out to get seeds. Everything can be found online, even gardening supplies! Now is also a good time to work out more or put together a healthier meal plan. As a family, we’ve been doing a lot more cooking. On the flip side, I know a lot of people are catching up on their Netflix and Hulu shows. It is a great time to find a new favorite TV show or movie. Families who may be separated by distance are coming together online. They’re playing online games together and having virtual dinners and happy hours. It’s wonderful how modern technology makes it easy to be together, even when we’re apart. At the office, we’ve been using technology to keep things going. Everyone is working from home, and it’s working well, though a few of

Continued on Page 3 ...

Call Us Today (703) 535-5300 • 1

The Benefits of Minimalism A Perfect

Lifestyle for Seniors

As we get older, we tend to hang on to mementos that brought some type of meaning to our lives, even after time has diminished their value. Though we may be emotionally attached, this clutter

not require emotional or physical strain, like old magazines, broken items, or clutter in the junk drawer. Once you’ve taken this first step, move on to something bigger. Soon, you’ll find yourself making steady and rewarding progress throughout the rest of your home. In the process, pay attention to what you want to keep. Carefully select which objects mean the most to you and which ones are still useful. These are the belongings you should surround yourself with. The Benefit of Minimalism Minimalism will help you feel more comfortable in your home and open up other possibilities. You will have more room to invite guests and family over, and you’ll have a sense of space and freedom. Additionally, this lifestyle can also help with your finances. You’ll be less tempted to buy what you don’t need, and you may even rearrange spending priorities or downsize your living space (less rent!). If you surround yourself with meaningful and useful items, you will feel more at peace. Ultimately, minimalism encourages us to free ourselves from the many things that own us as much as we own them. Don’t allow accumulated objects to clutter up your home and life. Take the leap and start living a carefree, minimalist lifestyle.

can eventually overwhelm us, especially as seniors. If you find yourself drowning in items you no longer need or want, consider a minimalist lifestyle to free up your space — and your mind. Minimalism Before taking on a minimalist lifestyle, it’s important to understand what it entails. When someone hears the word “minimalism,” they might think it means getting rid of their possessions one by one, but that’s not entirely true. Instead, minimalist living focuses on having less clutter in our lives but still keeping the things we truly value and enjoy. The idea is to get rid of things we no longer use or need. Minimalist Living To embark on a minimalist lifestyle, focus more on the present and consider the value your personal belongings have in your life now . Sorting through hundreds of items with thousands of memories is a daunting task, so it is best to start by removing things that might WatchOut for JOB-HUNTING SCAMS Many older adults in the U.S. look for supplemental work in retirement to stay active and reinforce their retirement income. This can give them more money to put toward their bucket list items, such as a trip. However, older adults who are in the market for a job should be aware of some common scams. Though the Federal Trade Commission (FTC) is doing what it can to keep job seekers safe, AARP reports that scammers are on the lookout for job seekers, and they have a few tricks up their sleeves to try to get money or personal information. The FTC has logged over 101,000 complaints related to fraudulent or misleading jobs and job agencies over the last five years. In 2019, the FTC intervened and charged the firmWorldwide Executive Job Search Solutions LLC for contacting job seekers on LinkedIn and other job websites with the intent of scamming them. In this scheme, scammers used the common tactics of promising job seekers high-paying jobs and well-compensated opportunities to work fromhome. However, this company required job applicants to pay a fee—of up to $2,500— in order to secure an interview.

There are a number of common job scams to be aware of. One common scam occurs under the guise of headhunting, where a headhunter will reach out to tell you that “XYZ company” is interested in you, but you have to pay a fee upfront to move the process along. In another common scam, scammers will make fake job listings with the goal of obtaining personal information rather than money. They do this by asking job seekers to fill out an application that includes

personal details such as one’s name, address, phone number, and Social Security number. Some brave scammers may even ask for bank information. The problem is that the application is fake, and the person or company behind the job listing is only interested in collecting personal >Page 1 Page 2 Page 3 Page 4

campbellwealth.com

Made with FlippingBook Learn more on our blog