Fun with Passwords

By General

Cyber security thieves are growing ever-more sophisticated, and it means that all of us need to be more diligent with protecting our digital or online information.

Registered Investment Advisers utilize the interface run by the FINRA (Financial Industry Regulatory Authority) for our regulatory reporting.  Like all cloud or internet based, services, usernames and passwords are required to utilize the site and passwords need to be updated on a regular basis.   Like many sites, Finra has adopted minimum standards in terms of character length and the inclusion of multiple character types within the password.  Finra goes one step further in that the site also maintains a lengthy  “Prohibited List” of words that cannot be included in the password on their site.  Here are a few humorous takeaways that I gathered from the list:

  • Passwords that include the names of popular pro sports teams are prohibited, including COWBOYS, GIANTS, LAKERS, YANKEES, REDSOX, or PACKERS. However, you can use less popular teams like MARLINS, CLIPPERS, or LIONS.
  • BEER, BRANDY & COFFEE are prohibited, but WINE, VODKA, TEA and WATER are permitted (Good news- CARRYINS are allowed!)
  • PEPSI is OK, but you can’t have COCACOLA
  • You can use NICE, but not NAUGHTY.
  • They permit BRUNETTEs and REDHEADS, but not BLONDES.
  • You can’t get LUCKY, have MONEY, or reach for the STARS. You are not allowed to have DREAMS.  You can use GOOD but not GREAT.  You cannot have SUCCESS, but you are able to grab FAILURE.
  • You can have a BURGER but no CHEESE. SALT, but no PEPPER. BREAD, but no BUTTER.
  • You cannot have a BABY, but you can have KIDS.
  • DRIVING and RACING are prohibited, as are MERCEDES, FERRARI, PORCHE, CHEVY, FORD, CORVETTE and MUSTANG. TOYOTA, NISSAN, VOLVO and BMW are OK.
  • DANCING is permitted, but MUSIC is not allowed.

Seriously, please keep your data safe with good password hygiene using these tips:

  • Use different passwords for every account or online profile
  • Use passwords of at least 12 or more characters (more is always better)
  • Do not use birthdays, names of children, pets or other personal information that people might be able to glean from your online social media accounts
  • Always use four different character types (upper case, lower case, numerical and special) when creating a password
  • If you are not sure, use a password checker tool to test the strength of a password
  • If you cannot get creative, use a random password generator
  • Always use multi-factor authentication when its available
  • Use a password manager with strong encryption- do no store passwords in a file on your device

Authored by Tim Landolt, Director of Institutional Services

EWM Weekly Capital Market Highlights for Week Ending 9/13/2019

By Financial Markets & Economy, Weekly Capital Market Updates
  • US equities were generally up for the week on hopes of easing US-China trade tensions.
  • The Yield on the 10-year US Treasury Note rose to 1.87%, a marked increase from a recent low of 1.46% on September 4 last week.
  • The US dollar declined slightly, relative to a basket of major currencies, ahead of expectations for a 25-basis-points rate cut at the September FOMC meeting.
  • Gold prices weakened on news of easing trade tensions and a fresh round of European stimulus.

Click here to download the complete weekly report: EWMWeeklyReview 9.13.19

Disclosure: Past performance is not necessarily indicative of future results.

Endowment Index™ Gains 0.94% for Week Ending 9/13/2019

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,308.54 Friday, increasing 0.94% from the previous Friday’s close of 1,296.36. The Endowment Index™ represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy™ or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index™ measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that includes Global Equity, Global Income, and Alternative Investments (like Private Equity, Hedge Funds and Real Assets). The Index uses an objective, rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions managing over $615 billion in total assets. Each of the 19 sub-indexes that currently comprise the index are investable, and contained within those sub-indexes are over 34,000 underlying securities. You can obtain real-time pricing data on the Endowment Index™ under the symbol “ENDOW” through major quote providers, including Bloomberg, Google Finance and others. The Morningstar® Index ID for the Endowment Index™ is F00000TPG6. Past performance is not necessarily indicative of future results. You cannot invest directly in an index. Indexes do not contain fees.

EWM Weekly Capital Market Highlights for Week Ending 9/6/2019

By Financial Markets & Economy, Weekly Capital Market Updates
  • US equities traded broadly higher this week, with the indices up between 1% and 2%. Non-US equities also rose, with the regional indices up 1.5%-2.0%.
  • The Yield on the 10-year US Treasury Note drifted higher in the holiday-shortened week. The 3-month / 10-year Treasury curve remains inverted, with the Treasury bill yield roughly 40 basis points higher.
  • The US dollar finished weaker against a basket of currencies, reflecting both rising expectations of a Fed rate cut later this month and renewed optimism over trade talks with China.
  • Gold was down slightly on the week after rallying more than 2% through mid-day Wednesday.
  • Oil prices were up slightly from their pre-holiday close. A sharp rally on Wednesday erased Tuesday’s losses. Prices have been tightly range bound since early August.

Click here to download the complete weekly report: EWMWeeklyReview 9.9.19

Disclosure: Past performance is not necessarily indicative of future results.

Endowment Index™ Rises 1.66% for Week Ending 9/6/2019

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,296.36 Friday, increasing 1.66% from the previous Friday’s close of 1,275.17. The Endowment Index™ represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy™ or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index™ measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that includes Global Equity, Global Income, and Alternative Investments (like Private Equity, Hedge Funds and Real Assets). The Index uses an objective, rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions managing over $615 billion in total assets. Each of the 19 sub-indexes that currently comprise the index are investable, and contained within those sub-indexes are over 34,000 underlying securities. You can obtain real-time pricing data on the Endowment Index™ under the symbol “ENDOW” through major quote providers, including Bloomberg, Google Finance and others. The Morningstar® Index ID for the Endowment Index™ is F00000TPG6. Past performance is not necessarily indicative of future results. You cannot invest directly in an index. Indexes do not contain fees.

Endowment Index™ Gains 1.55% for Week Ending 8/30/2019

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,275.17 Friday, increasing 1.55% from the previous Friday’s close of 1,255.68. The Endowment Index™ represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy™ or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index™ measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that includes Global Equity, Global Income, and Alternative Investments (like Private Equity, Hedge Funds and Real Assets). The Index uses an objective, rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions managing over $615 billion in total assets. Each of the 19 sub-indexes that currently comprise the index are investable, and contained within those sub-indexes are over 34,000 underlying securities. You can obtain real-time pricing data on the Endowment Index™ under the symbol “ENDOW” through major quote providers, including Bloomberg, Google Finance and others. The Morningstar® Index ID for the Endowment Index™ is F00000TPG6. Past performance is not necessarily indicative of future results. You cannot invest directly in an index. Indexes do not contain fees.

EWM Weekly Capital Market Highlights for Week Ending 8/23/2019

By Financial Markets & Economy, Weekly Capital Market Updates
  • US equities seesawed most of the week on worries about a potential recession in the US as well as an escalation of the trade war with China. The S&P 500 Index lost more than 2.5% on Friday after President Trump ordered US companies to “find an alternative to China,” which followed China’s announcement that it would impose new tariffs on $75 billion of US goods. International equities followed a similar pattern, with both developed and emerging markets erasing earlier gains.
  • Treasury yields increased across the board, with the yield on the 2-year note increasing more than that of the 10-year note. During the week, the yield curve inverted three times.
  • The Markit Flash Manufacturing PMI dropped to 49.9 this month, falling below 50 for the first time in about ten years. The index also was lower than the 50.3 reading forecast by economists in a WSJ survey.
  • The Conference Board Leading Economic Index (LEI) ticked up 0.50% from the previous month to 112.2 in July, which signals that the economy will continue to expand in the second half, albeit at a slower pace.
  • The University of Michigan’s preliminary August survey showed that consumer sentiment fell to 92.1 in August from the 98.4 level reached in July. The reading, which was well below the market consensus of 97.2, was the lowest since January, and reflects growing concerns of an economic downturn and stock market volatility.

Click here to download the complete weekly report: EWMWeeklyReview 8.26.19

Disclosure: Past performance is not necessarily indicative of future results.

Endowment Index™ Declines 0.33% for Week Ending 8/23/2019

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,255.68 Friday, declining 0.33% from the previous Friday’s close of 1,259.85. The Endowment Index™ represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy™ or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index™ measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that includes Global Equity, Global Income, and Alternative Investments (like Private Equity, Hedge Funds and Real Assets). The Index uses an objective, rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions managing over $615 billion in total assets. Each of the 19 sub-indexes that currently comprise the index are investable, and contained within those sub-indexes are over 34,000 underlying securities. You can obtain real-time pricing data on the Endowment Index™ under the symbol “ENDOW” through major quote providers, including Bloomberg, Google Finance and others. The Morningstar® Index ID for the Endowment Index™ is F00000TPG6. Past performance is not necessarily indicative of future results. You cannot invest directly in an index. Indexes do not contain fees.

EWM Weekly Capital Market Highlights for Week Ending 8/16/2019

By Financial Markets & Economy, Weekly Capital Market Updates
  • Emerging markets hit a rough patch. Argentina showed it was not immune to political risks, as its stock market plummeted 48% after poll results, sending a shockwave across financial markets. The Argentinian peso also felt the heat after it closed more than 7% weaker against the dollar. China’s economy showed signs of struggle after growth in industrial output and retail sales data slowed.
  • European stock markets extended their losing streak. The decline was led by Britain’s FTSE 100, which dropped to a six-month low. Further gloom  prevailed in the markets as Germany’s economy shrank in the second quarter, driven by a decline in exports, signaling recession.
  • Within commodities, gold rallied, while oil continued to tumble. This activity echoed prevailing market sentiment.
  • Shares of General Electric tanked. The stock plummeted 11% after a private financial investigator accused the firm of indulging in accounting fraud at a magnitude higher than that of the Enron scandal.
  • Inflation accelerated in the US. The Consumer Price Index rose a seasonally adjusted 0.30% last month from June, which was driven by the Energy, Health Care, and Real Estate sectors and the transportation industry.

Click here to download the complete weekly report: EWMWeeklyReview 8.19.19

Disclosure: Past performance is not necessarily indicative of future results.

Endowment Index™ Declines 0.44% for Week Ending 8/16/2019

By Endowment Index™
The Endowment Index™ calculated by Nasdaq OMX® (Symbol: ENDOW) closed at 1,259.85 Friday, declining 0.44% from the previous Friday’s close of 1,265.43. The Endowment Index™ represents the investable opportunity for managers of portfolios utilizing the Endowment Investment Philosophy™ or otherwise incorporate alternative investments within a comprehensive asset allocation strategy. The Endowment Index™ measures performance for a multi-asset, globally-diversified, three-dimensional portfolio that includes Global Equity, Global Income, and Alternative Investments (like Private Equity, Hedge Funds and Real Assets). The Index uses an objective, rules-based construction methodology based upon the portfolio allocations of over 800 educational institutions managing over $615 billion in total assets. Each of the 19 sub-indexes that currently comprise the index are investable, and contained within those sub-indexes are over 34,000 underlying securities. You can obtain real-time pricing data on the Endowment Index™ under the symbol “ENDOW” through major quote providers, including Bloomberg, Google Finance and others. The Morningstar® Index ID for the Endowment Index™ is F00000TPG6. Past performance is not necessarily indicative of future results. You cannot invest directly in an index. Indexes do not contain fees.