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Remember way back to your first paycheck. The moment you open the envelope anticipating the windfall when all your hard work pays off. Then, like a swift kick to your gut, realty hits. Your takeaway earnings are almost always way lower than what you expected.
By Matt Ahrens, CIMA®
The S&P 500 had just eclipsed over 400 days of market growth without a 5% or greater pullback. That all came to a dramatic end on February 5th. The Dow Jones Industrial Average made its own record that day, with a drop of 1,175 points. That’s the largest single day points drop in history. In many ways, it may be a blessing that the painful drop is happening quickly. Better to pull off the Band-Aid quickly than create a slow and agonizing pain.
Many people, who have achieved success and wealth through their business, have done so with their intellectual capital. What exactly is intellectual capital? This is the sum of the business’ hidden assets, such as its human resources, knowledge, intellectual property, and all of the client and stakeholder relationships that bring immeasurable value to the company. In essence it is your “secret sauce,” which gives your business its competitive edge. When the recipe is lost or stolen, your business can lose most, if not all of its value.
So you’ve got your degree, now what?
Currently, the S&P 500 is hitting new record highs. What is truly amazing though is the fact that in 2017 there has never been a day when the index closed below its starting value on 12/31/2016 according to a report from the Bespoke Investment Group. The same report noted that when the market is up from 10% to 20% at this point, which 2017 qualifies, the median return for the rest of the year has been 2.50%, with gains over 80% of the time.
I don’t know about you, but for me every paycheck is like a mini Christmas that ends nearly immediately when reality sets in. Bills, rent and saving for retirement makes every payday a budgeting reality. So in these times, it’s important to take some relatively easy steps to stretch your budget.
By Matt Ahrens, CIMA®
Former Prime Minister Tony Blair headlined a JP Morgan event in New York City earlier this month. He discussed a range of topics including continued globalization, the continued rise of China as a world leader, and the optimistic outlook of those in emerging countries. We were fortunate to hear from several leaders at this 2-day conference including portfolio managers and retirement plan specialists.
On September 7, 2017, Equifax, one of the three main credit reporting agencies, announced a massive data security breach that exposed vital personal identification data — including names, addresses, birth dates, and Social Security numbers — on as many as 143 million consumers, roughly 55% of Americans age 18 and older.1
It has been a rough couple of weeks for many Americans. First, it was Hurricane Harvey and the devastating flooding it brought to Texas and Louisiana. Next, Hurricane Irma hit the Caribbean, Florida and some of its neighboring states. Regarding these hurricanes, we have clients, relatives and professionals we work with in these locations. Thankfully all are safe and sound, but many are dealing with some damage, flooding and repairs.