“Happy Families are all alike; every unhappy family is unhappy in
its own way” – Leo Tolstoy in Anna Karenina
I’ve been meeting with clients for over 25 years, and every year is there seems to be some major event that causes concern for everyone.
This year, it was the presidential election. One thing about the election that everyone seems to agree on is that we’re glad it’s over, even if we disagree whether the outcome was good or bad.
At the bottom is my end of the year video, where I outline my thoughts on 2016, and also what current conditions might mean for 2017.
I highly recommend you watch it, and if you have any questions, please don’t hesitate to give me a call. I’m here to help and serve.
In my video this quarter (you have watched it, right?), I mention the long term nature of investing in stocks and bonds, with the presidency a relatively short term event.
Don’t fall into the trap of thinking all positives or all negatives because your party (or the other party) is in power.
We give too much blame and credit to the President, and when prudent investors have a long time horizon, it is better to stick to the strategy appropriate for you and your risk level, and don’t get emotional.
HERE’S A GOOD BLOG TALKING ABOUT THIS IN MORE DETAIL
In May I was in New York City, and the highlight by far was the interview I did with Financial Advisor IQ (division of Financial Times) on biases.
It was really fun, and focused on the types of emotions and biases that investors have to be aware of and overcome.
The producer liked the interview so much that he decided to make it a 3 part series, so the link below is only for the 1st of 3. The rest came out in July and August, so I’ll link to that in a subsequent newsletter.
Anyway, pretty good interview, so I hope you watch it.
READ MORE HERE
I think most of you know that I am a voracious reader, and have been my whole life.
So, now it’s time for my annual book review.
67 Books read (35 fiction, 32 general non-fiction and personal development)
Most Useful= Get Your Inbox Down to Zero: How to be a Productivity Ninja
Best Personal Development= Grit: Passion, Perseverance, and the Science of Success
Most Moving= On Fire: The 7 Choices to Ignite a Radically Inspired Life
Best Biography = Born with Teeth by Kate Mulgrew
Totally Interesting Book = Marching Powder: A True Story of Friendship, Cocaine, and South America’s Strangest Jail
My full analysis with STAR ratings (from 1 to 5) is HERE