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Featured Advisor



Ed Meek
CEO/Investment Advisor

Edge Portfolio Management

City:Winfield

State: IL



BIOGRAPHY:
At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, playing and following basketball, playing golf, and participating as an advisory board member for Breakthrough Urban Ministries.

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What Kind of Summer Are We Going to Have?

Does a harsh winter promise a hotter summer?

| BY Kent McDill

One of the harshest winters on record in the United States is nearing its end. What does that bode for the upcoming spring and summer?

A new report from the National Oceanic and Atmospheric Association’s Climate Prediction Center says the 2014 spring will be a calm one, at least on the coasts, as an El Nino system is emerging on the Pacific that will bring drought relief for California and fewer hurricanes in the Atlantic.

The El Nino cycle can come every two to seven years, and it brings weaker trade winds that allow for warmer weather. The warmer weather changes wind patterns and affects storm cycles around the planet. The NOAA Prediction Center says the pattern for an El Nino is building.

Despite the unusual weather of the winter of 2014, affluent investors surveyed by Spectrem Group are expecting a relatively normal summer weather-wise.

A survey of almost 1,300 investors indicated that 42 percent are “expecting summer to be about the same as it has always been”, even though much of the nation’s weather has not been “about the same’’ for several years. Retired investors are most likely to expect a normal summer, with 53 percent saying things will be the same this year, while 36 percent of those who are not retired say they expect a normal summer.

So that leaves 58 percent thinking the summer is either going to be hotter or colder, and the largest percentage are expecting a “hotter than usual summer.” Thirty-four percent of investors said they expect a hotter than usual summer, while only 7 percent think temperatures are going to be on the mild side this summer.

For many Americans, “hot’’ and “cold’’ are not the major weather factors that matter. “Dry’’ or “wet’’ is where their minds are going.

Thirteen percent of investors say they expect a “drier than usual’’ summer, while 4 percent are thinking we are going to have a “wetter than usual’’ summer.

Among the youngest investors surveyed, those under 40, 45 percent are expecting a hotter than usual summer, and only 29 percent believe the summer will be about the same as usual.

 



About the Author


Kent McDill

kmcdill@spectrem.com

Kent McDill is a staff writer for Millionaire Corner. McDill spent 30 years as a sports writer, working for United Press International and the Daily Herald of Arlington Heights, Ill. From 1988-1999, he covered the Chicago Bulls for the Daily Herald, traveling with them every day through the nine-month season. He also covered the Bulls for UPI from 1985-88, and currently covers the team for www.nba.com. He has written two books on the Bulls, including the new title “100 Things Bulls Fans Should Know And Do Before They Die’, published by Triumph Books. In August 2013, his new book “100 Things Bears Fans Should Know And Do Before They Die” gets published.

In 2008, he resigned from the Herald and became a freelance writer. The Herald hired him to write business features and speeches for the Daily Herald Business Conferences and Awards presentations.

McDill also writes a monthly parenting column for the Herald’s Suburban Parent magazine.

McDill is the father of four children, and an active fan of soccer, Jimmy  Buffett and all things Disney.