Broker Check

Enjoying the Journey - July 2019

Stock Market Update

The U.S. stock market reached all time highs in late April, only to weaken after the US and China broke off trade talks when a trade deal could not be reached in the first week of May. That lead to a market selloff throughout the month of May. 

On June 4th, Jerome Powell, chairman of the Federal Reserve Bank stated when talking about the trade dispute "We are closely monitoring the implications of these developments for the U.S. economic outlook and, as always, we will act as appropriate to sustain the expansion, with a strong labor market and inflation near our symmetric 2% objective". The stock market then rallied back to all-time highs as investors interpreted this comment to mean that the Federal Reserve was likely to cut interest rates at their July meeting.

The big questions investors are now watching are whether the Federal Reserve will cut interest rates as expected and will companies report earnings for Q2 in line as expected. Q2 Earnings expectations overall are expected to be flat to slightly down relative to the second quarter last year.

Positives we see are the US stock market near all time highs, low unemployment with strong new job numbers, US GDP running about 2%, a possible interest rate cut by the Federal Reserve in July and talks scheduled to resume between the US and China. Negatives include tariffs of 25% continuing on $250B of imports from China, slowing economies abroad, and slowing manufacturing jobs numbers in the US. Our conclusion on the current situation and the outlook for the next quarter, has caused us to conclude that it is a time for some caution and to be somewhat defensive in our portfolios for clients.

You can find our monthly commentary on the stock market on our website by clicking the link below. If you would like to get this market commentary emailed to you monthly, contact Arielle or your advisor and we will add you to the distribution list.

Monthly Stock Market Commentary
FJP's Anniversary Celebration August 19-23!

FJP's Anniversary Celebration August 19-23!

August 22, 2019 marks the one year anniversary of Financial Journey Partners.  That was the day we officially became licensed as a new company. We are now independent and not part of a mutual fund company, bank or insurance company. We believe this provides some very important benefits to our clients.

  • Elaine, Scott and Linda are Fiduciaries, which means we are ethically bound to act in the best interest of our clients.
  • We have partnered with some of the best companies in the investment industry.  We use Fidelity as our custodian, to hold the accounts of our clients and to do our trading. We use investments from BlackRock, PIMCO, Guggenheim and others.  They have all been fantastic partners for us. 
  • The technology we use was carefully selected to optimize the experience for our clients.

With over 30 years of experience in the business, adding our new structure and tools has us very excited for the future.  We will be celebrating our one year anniversary, all week from August 19-23. We hope you can stop by sometime during the week and celebrate with us!

Ben and Carmelia's College Graduation

Ben and Carmelia's College Graduation

May was a very exciting month for us at FJP. Ben Manley graduated from Chapman University and Carmelia Muljadi graduated from UC Berkeley. Ben received a BA in Business Administration and Carmelia received the double majors of BA in Statistics and BA in Economics. Ben plans to stay in Orange County and start his second business. Carmelia is moving to San Francisco and will be a Strategy Analyst at Accenture. We are all very proud of both of them and wish them great success.

Share Your Summer Journey with FJP

Share Your Summer Journey with FJP

You've worked hard to enjoy the life's journey you imagined for yourself and your family.  This can include big adventures, milestones met and memorable moments.  

Your experiences are inspiring! We invite you to share your Summer 2019 moments with us in our Financial Journey Partners Photo Contest.

Summer is in full swing and we look forward to seeing your photos! 

Learn More and Download Flyer

View Submitted Photos

Emails from Fidelity

Emails from Fidelity

You may get emails from Fidelity with several email addresses. They could be from:

  •, for trade confirmations
  •, for Prospectuses
  • National Financial Services LLC [] for proxy votes

These are all legitmate emails and you can open them safely. If you have questions about this, or if you want to change which documents come hard copy in the mail versus electronically, call Arielle at 408-963-2889, or email at, and she can adjust your settings for hard copy vs electronic delivery of documents.

Annual Client Appreciation Party

Annual Client Appreciation Party

Join us for a fun night at the Clos LaChance Winery in San Martin. In our client survey this year, the top choice for a venue was a winery and we delivered!  While the winery is located in San Martin, the valley full of vineyards will make you feel like you are in Napa Valley.

It's going to be an amazing event and we hope you can make it. 

Learn about wine from the experts at Clos LaChance and what makes their vineyard so unique. There will also be Wine Tasting and Line Dancing. Dinner will be provided.

Date:  September 29, 2019, Sunday
Time:  5:30-8:30 pm
Location:  Clos LaChance Winery, 1 Hummingbird Lane, San Martin, CA

Please RSVP with or 408-963-2889.

Follow Us on Facebook

Follow Us on Facebook

Did you know that Financial Journey Partners has a corporate Facebook page? We would love to have you follow us on Facebook. To do that, select the link below to go to our corporate Facebook page. Then select "Follow" under our logo at the top of the page. 

You will find information posted there about Financial Journey Partners that you may not find anywhere else.

2019 Calendar of Events

2019 Calendar of Events

Upcoming events for 2019:

8/19-8/23    FJP Anniversary Celebration
9/19/19       Stock Market Update
9/29/19       Client Appreciation Party

Our Team

We wanted to remind everyone of the responsibilities of each of our team members, and who you can call if you have questions. Call any of us directly whenever you have a question.

Elaine Manley, Financial Advisor:  408-963-2854
Scott Manley, Financial Advisor:  408-963-2855
Linda Tjiputra, Financial Advisor:  408-963-2896
Ingalill Skoogh, Client Services:  408-963-2858 (Scheduling appointments, helping with any service issues)
Arielle Rowe, Marketing Events Manager:  408-963-2889 (RSVP and any questions about events, creating account forms)
Jennifer Michaelsen, Financial Planning Analyst:  408-963-2884 (Financial planning, supporting the Client Portals and insurance analysis)
Flavio Pando, Jr, Investment Analyst:  408-963-2877 (Placing trades, researching investments, answering questions about the market)
Lynne Houghton, Social Media & Marketing:  408-963-0242, Working Fridays only

Contact Our Team
Event Photos

Event Photos

Did you know you can find the photos from all our past events on our website? Go to Events, Past Events, select the date of the event and click on the link for "Photos". You can also select the link below to take you to the same page. We hope you enjoy the photos as much as we do!

Online Account Access

Online Account Access

Just a reminder. You can access your accounts online at your Financial Journey Partners Client Portal. Go to our website ( and click the green "Client Login" button in the upper right hand corner of the page. You can also go there now by clicking the link below.