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News & Events

Patrick Mason CFP,® to be Featured as Panelist

2/6/2023

 
PicturePatrick Mason of Cairn Investment Group Speaks at Private Wealth PNW Forum 2023
We are proud to announce that our own Patrick Mason has been selected as a panelist at the 2023 Private Wealth Pacific Northwest Forum being held in Portland on March 8, 2023.

The Private Wealth Pacific Northwest Forum was developed as an education-focused, in person event for allocators and asset managers. The purpose of this meeting is to facilitate the dissemination of actionable investor content, coupled with supporting the continued development of the private wealth investment industry in the Northwest region.
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Patrick will have the opportunity to present his views on current and future market opportunities and strategies with other professional money managers.

Patrick Mason, Chief Investment Officer

Patrick is responsible for portfolio management, investment and economic analysis at Cairn Investment Group. He also plays a pivotal role in communicating Cairn’s investment philosophy to clients and prospects. His discerning and knowledgeable demeanor hallmarks any encounter with him. Patrick holds a degree in Economics, is a Certified Financial Planner, and a member of the CFA Society of Portland. He previously held portfolio management and financial planning positions with a local investment management firm, Charles Schwab, and TIAA-CREF prior to joining Cairn Investment Group during his investment career that began in 2002.

Mark Farrelly Joins Cairn Investment Group

3/22/2021

 
I am pleased to announce that Mark Farrelly, CFP®, CDFA® (Certified Divorce Financial Analyst), has joined Cairn Investment Group as Senior Advisor and Director of Financial Planning. Mark’s expertise in specialized Financial Planning promises to elevate our game significantly in the coming years. Check out his bio here.

Mark will continue working with many of his long-term clients as primary advisor and will also collaborate with Patrick and I to fine tune our planning processes, so that we may begin applying those techniques to all of our clients. In the unfortunate event that you or someone you care about must work through the financial aspects of a divorce, Mark can provide very specific guidance that can be quite beneficial.  

Mark resides in Northern California, and will continue to work as a satellite office. I hope many of you will get a chance to meet him over time and get to know what a great resource he is to our clients and to our organization. 

—Tim and the Cairn Team

New Addition to the Team

9/28/2020

 
I’d like to introduce you to our new Office Manager, Muriel Templeton! She will be the first point of contact when you dial in so please take a moment to say hi the next time you give us a call. 

We were all saddened to say goodbye to our receptionist and office assistant for the last two years, Patricia Garza. In August she and her husband relocated to Idaho to start their next adventure. 

With Patricia’s departure, the role of Investor Support has evolved to Office Manager encompassing a broader range of responsibilities around the office. Leveraging Muriel’s experience, we look forward to expanding the Cairn social media platform. 

We’re excited to see the contributions Muriel will make to the company! 

—Tim and the Cairn Team
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Learn More About Muriel

Cairn Response to COVID-19

3/16/2020

 
As health and economic events continue to evolve at a brisk pace we are adapting our business practices to better keep our employees and clients safe, accommodate school closures, etc., while continuing to operate at a level required by you and these fast moving markets.

Beginning today, we will transition to remote work with a system in place to collect and process incoming mail and to transfer incoming calls out to the team. We all have access to our Cairn systems, and can trade, move money, access files, and otherwise serve your needs. 

During this unprecedented time, we will not be holding in-office meetings unless circumstances are exceptional.

Hoping that you and yours remain well. 
​
The Cairn Team

Update & Outlook

3/12/2020

 
I wish that I could reach out and have a solid ten minute conversation with each and every investor with their money entrusted to Cairn. Unable to do that effectively, you deserve a few thoughts from us directly to supplement what you’re reading or hearing in the news.

Suddenly, things seem very different with the NBA suspending the season, travel from Europe restricted, and Tom Hanks infected and quarantined. In my prior message I put forward the idea that our collective reactions to the Coronavirus could have a large impact on the economy and our investments, and we took action to sell some long held positions in preparation.

So now here we are. At this point stocks are no longer being bought and sold on fundamentals, and the prices we’re seeing are the result of massive liquidations based on fear. We’ve seen this movie before, with the current twist being that we can more clearly see what is driving the panic. While there are firms facing an existential threat, like the cruise lines and some smaller shale oil producers, a majority of the companies that we own are able to handle weeks or even months long disruptions to the free movement of people and goods, and will eventually move on from here. I do not like the prices being offered for our companies right now and I’m very reluctant to sell into this environment unless funds are needed immediately. There are some companies we are wanting to shed, but not on a day that smells of panic like today. We do also have our eye on some stocks that we may wish to buy at a newly reduced price.

Looking forward, I believe that the federal government has a huge role to play in protecting our economy and our health. That role may be to provide some kind of relief to debt laden oil producers and transportation companies, payroll stimulus, or even providing temporary liquidity to financial markets. Unlike any crisis that we’ve seen in my lifetime, this one seems to have an expiration date as the virus works through its process and modern medicine eventually puts and end to the spread within the next year. The oil price war could end soon and suddenly with a few phone calls, or our government could take steps to protect our domestic energy production to combat the actions of “State Players” overseas. 

Regarding Cairn’s preparations for possible transit restrictions or a personal illness, we are able to access all of our trading and information systems remotely, and if need be can redirect our incoming calls to any phone that we wish. I hope it does not come to that, but it’s good to be prepared.

The best course today is to look after our own health and that of those we’re responsible for and let this run its course. We’ll continue to look for opportunities to adjust our holdings as it makes sense.

​Regards, The Cairn Team

A Word from Cairn

2/29/2020

 
Hi everyone,
 
This was quite a week in financial markets, so I wanted to add some color to Tim’s message from earlier in the week. Though we continue to have limited information on the Coronavirus, there no doubt will be an impact on business activity, consumer behavior, and investor psychology. Economic and market effects aside, we truly hope that containment and detection efforts continue to strengthen so more lives are not affected. Based on short-term market sentiment, over the last two weeks, the stock market went from being extremely complacent to pessimistic. On a short-term basis the market is very oversold. That does not mean it can’t get more oversold, but a short-term bounce could be likely. Our actions will be driven by what the data tells us, not by emotion. We will continue to sell or trim companies that exhibit high valuations, declining price momentum, and underwhelming fundamentals. We are also ready to purchase companies that offer the opposite and this recent sell off will help to provide some opportunities. As always, risk management is high on our priority list, but we must remain open to taking advantage of opportunities that present themselves. 

Enjoy the weekend and let us know if you have any questions or concerns.

Best regards,

 Patrick & The Cairn Team

About the Markets

2/25/2020

 
Greetings,

Unless you’ve been sequestered as a juror or have otherwise been off the grid, it’s likely you’ve heard that the coronavirus, or more accurately the various responses to the virus, have been impacting the global economy and hence the prices of your investments. It appears more likely each passing day that this will become a global pandemic, but much like our own body’s immune system, our collective reactions may cause more harm than the disease itself. While there’s much to learn about this new virus, it looks like the fatality rate is about 2% overall, with healthy populations faring better. While every death is regrettable, this disease’s impact is likely fleeting, without permanent structural changes to societies, families, or workforces.

For some time, we’ve been tracking the progress of the US and world economies and noted many signs that we are in a mature stage of the growth cycle, with every indication being that while some major economies (US & China) are still growing, the rate is slowing. This is normal and expected after the long recovery from the bottoms of 2009, but it’s been recently exacerbated by the tariff battles. The various, and mostly rational, responses to the spread of the coronavirus are hampering international trade and will further suppress growth around the world, possibly pushing more economies into recession. The US economy is on better footing than most with strong employment, a huge internal consumer market, and access to most other markets on the planet. It’s generally a nice place to live too. We’ll note though, that stocks are expensive, and a little healthy doubt about where things are headed may just be the catalyst to help them get cheaper. We’ve been preparing for this by reducing equity exposure, selling stocks we view as too expensive, buying more income producing positions, and applying strict valuation criteria in our buy decisions. Our focus on risk management will not spare us from all the whims of the market, but it should bring you some comfort that wherever things go from here, you’ll have a reasonable experience.

I’ll add that the stock market has been quite robust, so much so that even after the selloff of the past few days the S&P 500 Index is within 6% of all-time highs, and at the price it was in early December.

I welcome your comments and concerns, so please feel free to call, stop by, or reply to this message.

Thank you for your continued trust.

Your Cairn Team

The Equifax Leak: Actions to Take Now

10/6/2017

 
Detect
Check  the status of your accounts (financial and credit history)
  • TrustedID Check
  • Dark Web Email Check
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Prevent
  • Consider a credit freeze : See “A” below
  • Fraud Alerts : See “B” below
  • Improve your login security with strong, unique passwords for each online account you use. Use two-factor authentication if it’s available to you.

Plan
  • File your taxes as soon as possible.
  • Think about “What-if” it happened to you.

Check with Equifax to see if you were affected by the breach:
  • At Equifax, click on “Check Potential Impact,” then enter your last name and the final six digits of your Social Security number. Equifax will supply a message noting whether it believes your personal information was compromised. Even if your information wasn’t compromised, you’ll have the option of signing up for a free year of credit monitoring and identity theft protection services from Equifax’s TrustedID Premier. 

A.  Placing a Security Freeze on Your Credit (Guidelines from Consumers Union):

Deciding Whether to Place a Security Freeze
  • http://consumersunion.org/wp-content/uploads/2007/11/Things-to-Consider-When-Deciding-Whether-to-Place-a-Security-Freeze-2.pdf

How to Place a Security Freeze
In order to effectively freeze access to your credit files, you must request a security freeze to be placed at each of the three major credit bureaus. Pricing is determined by state but paid to the respective agency.

​By Phone: Call each of the credit bureaus at the number provided below:
  • Transunion: 1-888-909-8872
  • Equifax: 1-800-685-1111
  • Experian: 1-888-397-3742​​

​​​​Online: On each credit bureau’s website (TransUnion, Equifax and Experian), you can find an online form to place your security freeze.
  • https://www.transunion.com/credit-freeze/place-credit-freeze2
  • https://www.freeze.equifax.com/Freeze/jsp/SFF_PersonalIDInfo.jsp
  • https://www.experian.com/freeze/center.html
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​B. Initial Fraud Alert
To set a fraud alert, contact just ONE of the credit card bureaus and ask for an initial fraud alert. Once the alert is set, it will last 90 days. After that, you'll have to renew it:
  • Equifax: 1-888-766-0008
  • Experian: 1-888-397-3742
  • TransUnion: 1-800-680-7289
More information here.
 
C. Purchasing Identity Theft Protection vs. DIY:
While this article is promotional, it gives a very clear rundown of the difference between identity theft protection and credit monitoring. This article goes through many aspects to consider when deciding the next steps of action to take after this Equifax breach.

Ten Years of Cairn Investment Group

7/31/2017

 
It was July 27, 2007 when the doors to Cairn Investment Group first opened. The crew (and family) celebrated ten years by closing shop early on Friday and heading out to Tim's house for good food, games, and, of course, a champagne toast.  

To the families who have been with us since the beginning, thank you for your enduring trust in us. To our newer families, thank you for joining us. And to everyone, we're excited for the next ten.  
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Announcements: Cairn Welcomes Morgaine

6/2/2016

 
Cairn is delighted to have Morgaine Trine join our team for the next few months. Morgaine (French in origin and pronounced Morgan) is a native Portlander who recently returned home after living abroad in Canada, Wales, and Turkey. She will be assisting with some large and small projects to help bolster Cairn’s back office operations. Her main souvenir from her time away is the ability to greet you in six different languages. Morgaine is excited to meet you as she settles in for a year with the Cairn Crew.

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503.241.4901
877.241.4901
503.241.5699 fax

121 SW Morrison, Suite 1060
​Portland, Oregon 97204
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