The calendar changed to November just in case you need a reminder in the middle of our 90-degree days! Buddy and I certainly liked the morning walk in the 40’s earlier this week.
With the calendar change, there are 52 shopping days till Christmas and 39 shopping days till Hanukah. The retailers are excited, the FedX and UPS delivery guys are preparing for the crush of deliveries and you might be wondering how did this happen so quickly?
There is lots of talk about “Tax Reform” in Washington DC. If you can ignore the rhetoric and wade through the proposals, then you would see that tax cuts can help boost growth. However, that boost will be temporary.
In the same process, the tax savings will increase your net after-tax income. The increase in take-home cash can either be temporary like tax cuts or become permanent.
Spending is the crucial element to balancing the budget if you’re the USA or creating net worth for individuals and families.
HQ2 is all the buzz and whether your city gets the opportunity to become Amazon’s Headquarters’ #2 or this exercise for civic assessment is needed.
In 2001 Boeing was looking to move their headquarters from Seattle. Dallas was on the shortlist for the potential move, yet failed to secure the opportunity.
The scorecard for this move exposed that downtown Dallas was dead and had no culture. Losing Boeing may have been the best thing to ever happen to Dallas. The snub by Boeing jump-started the revitalization of downtown Dallas. Klyde Warren Park, the Arts District and the signature bridges over the Trinity River are some of the easy to identify results.
Just as cities do a self-examination on their civic desirability, they should measure themselves against other municipalities. They must keep score.
How many times do we say to our children “don’t do that”?
Overwhelmingly we focus on the “don’t” versus the “do”.
I want to share with you a do that is important in your investing and your financial life.
It’s something you can do immediately and change how you approach investing (for the better) and it is deceptively simple.
Turn down the noise in your life, especially the short-term noise.
We are being bombarded by the news – both real and fake!
Top conversations over the last 30 days with clients, friends, and family?
- Is the stock market overpriced?
- Will the North Koreans launch another missile?
- Obamacare Repeal – will they, or won’t they?
- Will they kneel or not?
- Michael, what are you doing about the Equifax thing?
If we were playing Family Feud, then the top answer would be “The Equifax Thing”.
Just in case you missed the news Tina Tannery and I were off last week to Augusta Georgia to participate in the Augusta 70.3 Ironman Triathlon.
The triathlon was a success.
After we finished, we shared the news of our success with family and friends via text and social media.
One comment that resonated with both of us was from a fellow advisor and Ironman.
“Congrats on completing something most people couldn’t even fathom! Welcome to the Club!”