There really has been no significant change as it seems to bounce around every day. Keep in mind these 100-point moves we’ve seen are the result of more and more electronic trades, and trades seem to be based off every headline whether it’s Trump Tweets, US trade with China or GE being replaced by Walgreens in the Dow.
Everyone feels envious from time to time. It’s human nature, especially in this day and age of 24/7 media bombardment and celebrities who are famous for simply being famous. Everywhere we look, there’s someone who has more, bigger, better, stronger, nicer. While I would never advocate for “keeping up with the Joneses,” and despite the fact that envy is one of the seven deadly sins, I do believe that a certain amount of envy can be a good thing.
I had a conversation recently that reiterated what I have finally come to accept after 20 years in this business: try as you might, you simply can’t be all things to all people. When I first started my career, I literally locked myself in a windowless room with a phone book, and cold-called about 200 people a day, with hopes of talking to 25-to-40 of them, and that those three-to-five minute conversations would lead to me sending some information and following up with that person.
With commencements either right behind or right in front of you, you may still be considering the perfect gift for that newly minted college graduate in your life.
Now that we’ve all survived prom season and all the hoopla that comes with that, soon enough we’ll be in the midst of graduation season, with caps & gowns and parties and first jobs. While the kids are happy to be graduating, all you parents out there will be thinking about the next tuition bill coming due as another kiddo heads off to college.
For those of you who currently work with us, we’ve been super active during the first quarter of the year making adjustments to your portfolio, and as we always say, the near-3000-point correction in the Dow has since rallied back up 1200 or so points before taking another smaller dip this week.
A few weeks ago, we talked about some of the changes happening in our office as we continue to grow our team and our business, and what to expect for both new and veteran clients.
In client meetings recently, some of you have come in and told us about some lofty or crazy goals. Some of these are, well, a little out there, but most of the time we’ll say, “let’s go!” and start planning. I love hearing the goals our client families set for themselves, and the different ideas people come up with over the years.
If you enjoy long, boring car rides like I do, you may have searched out some good audio books and podcasts to listen to while you’re cruising. Perhaps some of those even had to do with money and financial planning. The sheer number and volume of financial podcasts out there never ceases to amaze me.
I often have conversations with friends of friends when I’m out socially that often start with an introduction like, “this is Dave, he manages my money,” or “he’s a financial planner.” I shake hands and say “nice to meet you – what do you do?” At this point the person tells me they’re a contractor, or an engineer, or a teacher, physician, or “I own such-and-such business.” They tell me a little more, and I ask a few questions as we make polite conversation.
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