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“Making money with money is an inherently acceptable ingredient in historical capitalistic model, but ultimately must be channeled into the real economy to keep the cycle going.”
– Bill Gross, Monthly Investment Outlook, June 2017
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The preliminary work for Salt Creek’s quarterly rebalance is underway. The rebalance will occur on Tuesday, August 1st. Early analysis is showing that there will be very few changes to the policy allocation. We are underweight inflation and duration and are likely to remain so. Of note for the coming quarter, VETAX is closed to new purchases so this fund will not be considered for solution. We made appeal to the fund for exception but were denied. This is not unusual and will likely occur sometime in the future with another fund.
Very little has changed in the capital markets over the course of the quarter although last week seemed a little bumpier than normal. The Fed is still intent on reducing the size of its balance sheet and normalizing rates. The speed at which this will occur seems unclear. Mixed signals in the recent economic reports may give the central bankers pause as they try and figure out how to de-lever without disrupting the world’s largest economy and in turn, the world economy. Keep in mind that returns on financial assets can only exceed returns to real capital for so long. Returns to financial assets are ultimately tied to returns in the real economy. With so many headwinds the real economy is in need of help, but not the kind that comes wrapped in monetary policy.
Coming soon to a laptop/desktop near you – the SCI advisor portal.
This is a fantastic tool for streamlining advisor workflow. The SCI tech team has done an excellent job of developing resources and tools to make your interaction with your client and the SCI platform easier and more professional. We’re not going to spoil the surprise, but this new portal will give you access to reports and data previously unavailable. We are confident that you will find it valuable and easy to use.
Salt Creek continues to grow and deliver the type of stable returns we expect. Thanks for your continued support.
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SCI Highlights
No Grid Payouts!
Don’t forget…
Management Fee’s do not go to grid. You keep 100% of the payout (after 40bps platform fee).
Quarterly Re-Balance
The Salt Creek quarterly re-balance cycle will begin shortly. If there are any cash management issues please let us know so we can make the appropriate adjustments before the rebalance.
New SCI Advisor Portal
Keep an eye out for the launch of the new Salt Creek Advisor Portal. Lot’s of new features for you to use:
- Model Performance
- My Contacts
- Add Contact
- Document Management
- Riskalyze
- eMoney
- Forms / Agreements
- Marketing Library
- Service Requests
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