Spring 2020 Northern Newsletter
USPTA
Northern
President’s Message A
s we are in the midst of unprecedented times hopefully everyone is doing ok. Thankfully tennis has taught us all how to compete and to endure a challenge which COVID-19 certainly is but we will get through it. If you have not seen the USPTA guide to resources it is worth checking out. While many of us are currently unemployed or furloughed it may be time to take advantage of many free educational resources that are being made available form the USPTA, TennisDrills.tv, Kovacs Institute, ITF and other places.
President
Bruce Gullikson 952-303-9269 brgtennis@aol.com
Regional Vice President Kris Premo 612-716-4760 kpremo@lt.life
Treasure Barb Meyer 612-220-7788 bmeyer@lt.life
Head Tester
Roger Boyer 612-802-5719 rogerboyer2@gmail.com
Executive Director Christin Thurston 651-246-0388 Christin.thurston@uspta.org
While it can be tough to get motivated in these uncertain times remember we still have our family, friends, and for many of us unexpected time. Christin is going to be sending some financial advice from Bo Gard that may be helpful. The USTA Northern and USPTA Northern are having discussions on a virtual conference or conferences. If you have a subject you would like addressed or want to share information please let us know. Remember that there needs to be some grit for a pearl to be formed and I know you all are gritty competitors and that we will see it through this pandemic. Best wishes from your USPTA board stay healthy and we will beat this thing.* Sincerely, Bruce Gullikson Northern Division President
A Publication of USPTA Northern Christin Thurston / Executive Director. The USPTA Northern Newsletter is published quarterly by the Northern Division of the United States Professional
Tennis Association. The opinions expressed in the Northern Newsletter are those of the authors and not necessarily those of the Northern Newsletter or USPTA Northern.
Educational Opportunities I hope everyone is staying safe and healthy! There are a lot of sites offering free access to drills, presentations, and more from some of the best coaches in tennis. I have put together an excel sheet with a lot of good sites to check out. Feel free to forward this along to your staff or anyone you think would be interested in learning more.
CLICK HERE FOR LIST Mya Smith-Dennis USPTA Professional; TSR; Training, Diversity & Inclusion Coordinator mya@northern.usta.com 952-358-3289
USPTA Covid-19 Support Group The USPTA appointed a task force with 12 members that have been working diligently during this crisis. The information this group has already put forth is staggering. Not only is there support and advice from the group, but up to the minute notices on SBA loans, filing for unemployment, the latest protocols, and how people are coping and much more. The group is currently working on best practices for reopening facilities. If you have not already, please join the USPTA covid 19 support group.
2 Summer 2020 Northern Newsletter
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Five Ways to Run With an Aging Bull Market Bo Gard, Wells Fargo Financial Advisor & USPTA Elite Professional
A
fter a decade of reaping the benefits of a bull market in U.S. stocks, today’s investors face a volatile market—and proper positioning of your portfolio in the face of mixed economic signals has been increasingly important. In the “2019 Midyear Outlook Report: Eyes Forward—Opportunities and Obstacles,” Well Fargo Investment Institute (WFII) strategists detail opportunities and obstacles in an aging bull market that could help you maintain a forward focus—and stick close to your long term strategic target allocations.
Particular investment or asset class generally correlates with the level of return the investment or asset class might achieve. Stock markets, especially foreign markets, are volatile. A stock’s value may fluctuate in response to general economic and market conditions, the prospects of individual companies, and industry sectors. International investing has additional risks including those associated with currency fluctuation, political and economic instability, and different accounting standards. This may result in greater share price volatility. These risks are heightened in emerging markets. Exposure to the commodities markets may subject an investment to greater share price volatility than an investment in traditional equity or debt securities. Bonds are subject to market, interest rate, price, credit/default, call, liquidity, inflation, and other risks. Prices tend to be inversely affected by changes in interest rates. Cash alternatives typically offer lower rates of return than longer-term equity or fixed-income securities and may not keep pace with inflation over extended periods of time.
Here, WFII strategists offer five tips for positioning your portfolio
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Consider greater exposure to emerging market equities and sectors that represent higher-quality earnings. Investing in international assets can help you further diversify your portfolio. Valuations in many emerging markets look attractive, and recent economic data point to stable economies in China and other developing countries. As for U.S. equity markets, WFII strategists favor sectors such as Information Technology and Industrials, areas of the market with higher-quality earnings.
Rebalance when volatility strikes
Take steps to maintain the strategic or long-term target allocation designed to help achieve your long-term goals. As markets rise, the positions may need to be trimmed and the cash held or reallocated to markets where valuations are better. As markets fall, the opportunity may arise to restore the target allocation.
Use cash to your advantage
If you portfolio already holds a sizable amount of cash, consider investing your cash in case markets correct in the coming months. Another potential strategy is dollar cost averaging, which involves investing cash over time to take advantage of market fluctuations.*
Help reduce price volatility with incomegenerating assets
Income is a sometimes overlooked component of portfolio returns. To potentially improve the income-generating ability of a portfolio, you can lengthen the duration of your high-quality bonds. Dividend-paying stocks and REITs offer additional streams of portfolio income.
Bo Gard
I am a financial Advisor with Wells Fargo Advisors. I develop strategies tailored to each individual’s specific needs. With extensive experience in customer service, I have dedicated my career to delivering personalized services clients deserve. I have also been teaching tennis for the past 20 years in various countries including Romania, Turkey, and the United States. I am a USPTA Elite Pro and serve in several USPTA State and Southern Committees. For nearly two decades, I have been teaching tennis to help players achieve their goals. For the past couple of years, I have been focusing on helping tennis professionals and businesses achieve their financial goals. I am also deeply involved at my local club, Bayou Bluff Tennis Club. In my spare time, I like to spend time with my family. I reside in Gulfport with my wife Kristen and our two children, Amelia and Bo Jr.
Add strategies that can benefit from various market conditions
A bear market can occur with little warning. Adding assets that can profit in both up and down markets may help prepare your portfolio for possible downturns. Wells Fargo Investment Institute, Inc. is a registered investment adviser and wholly-owned subsidiary of Wells Fargo Bank, N.A., a bank affiliate of Wells Fargo & Company. This article was written by/ for Wells Fargo Advisors and provided courtesy of Bo Gard, Financial Advisor in Gulfport, MS at 228896-1195.Investments in securities and insurance products are: NOT FDIC-INSURED/NOT BANKGUARANTEED/MAY LOSE VALUE. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC, a registered broker-dealer and non-bank affiliate of Wells Fargo & Company. © 2019 Wells Fargo Clearing Services, LLC. All rights reserved.
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6 Summer 2020 Northern Newsletter