Viewpoints: February 2021

Welcome to Viewpoints, a monthly bulletin from PDS Planning to our valued clients and friends.  Our goal with each issue of Viewpoints is to provide you with a wide variety of perspectives on life and wealth.  Feel free to share with others.

Economic and Investment News Bits

  • Winter is Here: Over 2.5 million homes remain without power in Texas as local gas and electric companies continue to struggle with increased demand for energy amidst the winter storm. Many were forced to partially shut down the power grid on their own instead of trying to deal with losing functionality as a whole (Source: WSJ)
  • Set for Life: After only 2 years in the Majors, Fernando Tatis Jr. and the San Diego Padres agreed to a 14 year, $340 million dollar contract extension yesterday. This marks the third largest MLB contract in history behind only Mike Trout and Mookie Betts. He is 22 years old (Source: ESPN)
  • Finally, Some Good Covid News: Covid-19 cases have been plummeting over the last two weeks here in and Ohio and across the United States. Average daily first doses of the vaccine remain just under 1 million over the last 7 days. At the current rate, 50% of the US population should be received their first vaccine dose by the July 4th weekend. Ohio ranks 34th and 33rd in percent of population who have received one shot (11.3%) and two shots (4.2%), respectively (Source: NY Times)
  • Sustainability is Key: In a letter to clients, BlackRock CEO Larry Fink stated all companies they invest in are expected to disclose direct emissions from operations and from purchased energy. The ultimate goal is to target net-zero emissions in their portfolio by 2050. BlackRock has over $8 trillion in assets under management (Source: MarketWatch)

What is ESG?

ESG stands for environmental, social, and governance. It’s the overarching term used to define some type of sustainable investing. For companies, this means seeking positive returns for shareholders while having positive, long-term impacts on the society and the environment. Screening companies and funds based on ESG has become much more popular over the years. In fact, Morningstar reported a record $51 billion in net flows in 2020 to sustainably focused funds. More than double the flows of 2019.

Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment, strategy, or product or any non-investment related content, made reference to directly or indirectly in this newsletter, will be suitable for your individual situation, or prove successful. This material is distributed by PDS Planning, Inc. and is for information purposes only.  Although information has been obtained from and is based upon sources PDS Planning believes to be reliable, we do not guarantee its accuracy.  It is provided with the understanding that no fiduciary relationship exists because of this report.  Opinions expressed in this report are not necessarily the opinions of PDS Planning and are subject to change without notice.  PDS Planning assumes no liability for the interpretation or use of this report. Consultation with a qualified investment advisor is recommended prior to executing any investment strategy. No portion of this publication should be construed as legal or accounting advice.  If you are a client of PDS Planning, please remember to contact PDS Planning, Inc., in writing, if there are any changes in your personal/financial situation or investment objectives.  All rights reserved.