Ulin & Co. Wealth Management

Your portfolio may be diversified. But is your financial life protected?

📊 This week's Ulin & Co. Wealth Planning Infographic: Five financial risks your investment portfolio can't diversify away.

Most investors spend considerable time reviewing stocks, bonds, and investment performance.

But what about the financial risks that diversification can't solve?

A major liability claim. An unexpected disability. Long-term care expenses. A hurricane. Or the loss of a family's primary income earner.

These exposures can disrupt even a well-constructed financial plan.

At Ulin & Co. Wealth Management, we believe comprehensive financial planning should go beyond investment management to include insurance reviews, risk management, asset protection, and estate planning coordination.

As an independent fiduciary wealth management firm, we help successful families, executives, and business owners identify potential gaps and coordinate solutions with their insurance and legal professionals.

Because protecting your wealth is just as important as building it.

Financial Independence. Financial Security. Peace of Mind.
Discover our Private Client Group and Plan Your Best Life®.
Based in Boca Raton, serving South Florida and clients nationwide.
https://ulinwealth.com/get-started/

Over 40% of Americans are heading toward retirement ‘blind’ — with no plan. (Ulin, MarkeWatch with Jessica Hall).

Nearly half of Americans haven’t calculated what they’ll need in retirement.

“Finding out at 45 that you’re behind gives you time to adjust your savings, investments or retirement expectations. Finding out at 65 leaves you with far fewer options,” said Jon Ulin, founder and managing principal at Ulin & Co. Wealth Management in Boca Raton, Fla.

“Not knowing your lump-sum retirement-savings number is like driving blind into one of the biggest financial decisions of your life. … You can’t simply wake up in your 50s or 60s, decide you’re done working and expect the numbers to work.”

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Over 40% of Americans are heading toward retirement ‘blind’ — with no plan Nearly half of Americans haven’t calculated what they’ll need in retirement.

The AI trade is splintering as inflation fears rattle hyped-up tech stocks. Investors are wondering if steep inflation and increased borrowing costs could derail the AI buildout

With inflation rising faster than expected in September, investors are now bracing for the possibility of more interest-rate hikes. A high-rate environment would create difficult conditions for the capital-intensive AI boom, which has become increasingly dependent on borrowed money.

Air Bears? Possible Bubble? Normal adjustments in today's economy? Buy? Sell?

- MAGS- near break even 12 months
- CoreWeave down nearly 80% 12 months
- Memory down 40% since June
What are your thoughts.

The AI trade is splintering as inflation fears rattle hyped-up tech stocks Investors are wondering if steep inflation and increased borrowing costs could derail the AI buildout.

Private Credit: Ai credit concern is spreading. Yesterday, S&P Global warned that major tech companies may have more AI-related financial obligations than their reported debt suggests.

The concern involves interconnected financing arrangements, including guarantees supporting data centers and smaller AI companies. This is an important extension of last weeks concerns about highly leveraged infrastructure providers. So far no downgrades.

OUR THESIS: (For investors) AI demand, AI profitability and AI stock valuations are three different things.

Demand can remain exceptional while financing becomes more expensive (noted in this article) and stock valuations decline. That argues for maintaining diversified equity exposure while distinguishing financially strong beneficiaries of AI investment from businesses dependent on repeated capital raises.

For the broader market, I would watch whether weakness in AI-related equities begins spreading to earnings expectations outside technology.

Top hyperscalers likely to have more AI-linked debt than now known, S&P Global warns S&P Global estimates the world's biggest tech firms are likely to have more AI-linked liabilities than currently known, although its top analyst for the sector sees ​no need to change any ratings at present.

Your Financial Life Needs a CFO.

Investments, taxes, retirement, estate planning and insurance all affect your financial future.

But whos making sure everything works together?

For more than two decades, Ulin amp; Co. Wealth Management has served as a personal CFO and financial advocate for successful families, executives and business owners, helping coordinate the moving parts of their financial lives through comprehensive financial planning and personalized wealth management.

As an independent fiduciary wealth management firm, we combine the personal attention of a boutique practice with access to leading custodians, including Charles Schwab and Fidelity.

Because building wealth is one challenge. Protecting it, managing it and enjoying it requires a coordinated strategy.

Our goal: Financial Independence. Financial Security. Peace of Mind.

Discover our Private Client Group and Plan Your Best Life®.

Based in Boca Raton, Florida, serving clients throughout South Florida and nationwide. Learn more: https://ulinwealth.com/get-started/

The best part of wealth management isn’t always about managing wealth. It’s about the people and relationships behind it.

We’re looking forward to hosting our 24th Annual Ulin & Co. Private Client Reception on December 2 at Latitudes, overlooking the Atlantic Ocean.

An evening of fine dining, cocktails and conversation with the clients and friends who have helped make the past 24 years so meaningful.

No charts. No market predictions. Just great company.

If you are not a client and would like to learn more about working with our firm visit ulinwealth.com

AI’s next big challenge may not be technology. It may be electricity, financing and ex*****on.

The Financial Times reports that at least 47 major U.S. data center projects have been delayed, withdrawn or blocked this year. Bernstein estimates that only 35% of the planned pipeline is credible.

That’s a meaningful distinction for investors. Announced capital spending doesn’t automatically translate into completed projects, revenues or profits.

The AI investment boom remains compelling, but investors should distinguish between companies benefiting from actual infrastructure spending and those relying on ambitious projections.

The next phase of AI investing may reward ex*****on over expectations.

However, there is an important counterweight.

A separate Financial Times survey of 94 economists⁠ published today found broad optimism about AI’s potential to improve global productivity over the next decade.

The distinction is between confidence in AI’s long-term economic benefits and confidence that every infrastructure investment will generate attractive returns

47 U.S. Data Center Projects Hit Snags as Cracks Emerge in AI Infrastructure Boom A technician works at an Amazon Web Services (AWS) artificial intelligence (AI) data center in New Carlisle, Indiana, on the 2nd. AP Newsis [Financial News] The UK's Financial Times (FT) reported on the 18th (local time) that cracks are beginning t

🏎️ Fast Five: The Bull Market’s Next Chapter
Four years down, five forces to watch, and what could keep stocks moving in 2027. (ULIN)

“We talkin’ or we racin’?”

That’s Vin Diesel’s Dominic Toretto in Fast Five, the 2011 blockbuster that shifted the Fast & Furious franchise into high gear. Wall Street hasn’t been taking its foot off the accelerator either.

Since the October 2022 bear-market bottom, the S&P 500 has more than doubled, powering through inflation, recession fears, higher Treasury yields and geopolitical shocks.

On October 12, the bull market celebrated its fourth birthday and entered year five.

But with inflation climbing to 3.7%, energy prices surging and long-term interest rates remaining elevated, does this rally have enough fuel for another run?

In this week's Mastering Your Wealth® newsletter, we examine five forces shaping the road ahead:

1. Corporate earnings: Can profits keep supporting higher stock prices?
2. Artificial intelligence: Will massive AI investments deliver meaningful returns?
3. Interest rates: How does a near-5% Treasury yield change the equation?
4. Market breadth: Can the other 493 stocks help carry the rally?
5. Valuations: How much optimism is already priced in?

Our outlook remains constructive, but year five may bring a slower, bumpier ride.

A slower bull market is still a bull market.

Read our latest market commentary:
https://ulinwealth.com/the-bull-markets-fifth-year/

Fast Five: The Bull Market’s Fifth Year Four years down, five forces to watch, and what could keep stocks moving in 2027 “We talkin’ or we racin’?” That’s Vin Diesel’s Dominic Toretto in Fast

Hello from Benjamin Buttons Ulin, our unofficial Director of Asset Protection at Ulin & Co. Wealth Management.

Eight years of experience. A Fiercely loyal Boston. Never takes his eye off the ball.

His investment philosophy? Buy and hold. Especially the ball.

Happy Thursday from the Ulin & Co. team!
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