ELECTION EFFECTS ON INVESTORS – PART 2

Assessing the effect of a Trump victory in November is much easier than evaluating a Biden win. Trump is a known entity and despite his unusual style, the actions he takes have been fairly predictable. Wall Street does not like uncertainty and so many investors and analysts are noticeably concerned about how a Biden presidency…

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RETIREMENT PLANNING – CONTROL WHAT YOU CAN

I went golfing with a man who asked if I could help him with his retirement planning. He began to tell me a very common financial life story that I have heard many times. He had always struggled to save money. He spent his life earning quite a bit, and spending it as he went…

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DON’T FRET YESTERDAY’S NEWS

This week it was reported that second quarter (Q2) Gross Domestic Product (GDP) fell more than at any time in history, and on the news the stock markets opened significantly lower. Trying to figure out the mind of an investor can be a challenging task. Sometimes I think the investing public has an unlimited capacity…

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DO NOT IGNORE LIABILITY RISKS

As an airplane owner I have had the opportunity lately to spend a fair amount of time contemplating liability, and how risk can spread. We are all aware of the two major crashes of Boeing 737MAX airliners with the hundreds of deaths, and the grounding of a substantial portion of the fleet. Financially, the disaster…

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THE SILVER LINING

A pilot awoke to a beautiful Florida day and decided to go sightseeing in his small plane. Several miles away another gentleman decided it would be a perfect day for jogging on the beach. As he ran along he passed many others who had awaken with the same idea and together they enjoyed the beautiful…

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BEWARE OF ECHO-CHAMBER INVESTING

In high school I enjoyed debate. Our teacher did not allow us to choose sides, but randomly assigned us to our positions. Even though I was often assigned to support positions I strongly disagreed with, I put all my energy into studying and defending the side I was assigned to. In the process, I gained…

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WHEN SHOULD YOU INVEST?

I planted a nice tomato garden this year, given the extra time I have been spending around the home. I took time to tie each plant carefully to a pole and trim the lower leaves to create airflow and avoid disease. I have been pretty proud of that garden which is currently filled with beautiful…

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BEWARE OF FALLING HOUSES

In the Wizard of Oz, Glenda warns the wicked witch of the west that she’d better watch out, “Before someone drops a house on you too.” I think many people are feeling this way today as we wait for the next disaster, wondering if it might land on us. Government actions have consequences. Dramatic actions…

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GAINING KNOWLEDGE, USING JUDGEMENT

The cause of most airplane accidents boils down to two pilot related issues, insufficient knowledge and poor judgement. Although knowledge doesn’t always result in good judgement, the lack of it will usually lead to bad decisions. One of my favorite childhood cartoon shorts ended with the phrase, “Knowledge is power.” That phrase never left me…

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