There’s always something happening at IAG Wealth Partners. From “Power Break” seminars, client appreciation events, and our Wealth Management Symposium to community and charitable activities by our advisors and staff, we invite you to see what we’ve been up to!
The recent turbulence in the stock markets created some excitement for the attention-span-challenged talking heads over the last week or so.
These attention-seeking distractors feel compelled to go searching for causes, assigning blame, and stirring up the worst instincts in long-term investors’ minds whenever there is a bit of turbulence.
The gulf continues to grow.
The political theater last week highlighted one of the more challenging aspects of living in a country with an economy based on capitalism and a government based on a “small r“ republican form of government.
Identifying when it is time for change in leadership is very difficult for any organization. Has the current leadership team performed as expected? Are the stakeholders pleased with the results? Are the current leaders living in the past or preparing for the future?
Crucial. Must-win. Crunch time. Winner takes all.
Sports announcers are typically full of hyperbole as they work to build the drama for an important game.
Now that the kids are back to school, the Halloween decorations are out in force. It is truly the scariest time of the year.
According to computer models, Hurricane Florence appears poised to make landfall along the Carolina coastline in the coming days. But that wasn’t always the case.
Tropical Depression 6 was a clump of fluffy clouds that formed off of the west coast of Africa on August 30. It was a nonevent. No headlines. No warnings. No danger.
Then Tropical Depression 6 organized into a tropical storm and received its name from the U.S. National Hurricane Center. Since most of the tropical storms that form off the coast of Africa do not make landfall in the United States, Florence only garnered a few media mentions.
Florence grew quickly into a formidable Category 4 hurricane far off the east coast of the United States, but then wandered into an unfavorable environment that reduced her once again to a tropical storm. This, too, occurs more frequently than making landfall in the United States.
A couple of days later Florence bumped into favorable conditions and rapidly grew back into a Category 4 hurricane that is now poised to unleash its destructive forces on millions of Americans, and we pray for their well-being.
The story of Florence is very similar to the storms that occasionally impact the financial markets, except financial hurricanes cannot be detected by satellite images or radar. There are no “cones” that illustrate where destructive financial forces are likely to make landfall. There are no reliable evacuation warnings.
As horrible as a Category 4 hurricane is, there is some comfort in knowing when and where it is most likely to make landfall.
In the financial markets no such warning system is available. Every day there are fluffy financial clouds in the sky and we could spend all of our time worrying which ones will evolve into rain showers, thunderstorms, tropical storms, and the occasional hurricane.
In our view, a better approach is to embrace the uncertainty of living in a financial world where there are both sunny and cloud days; always be prepared for financial hurricanes by having enough cash on hand to make ends meet no matter what the financial weather is like tomorrow; and hunker down when the occasional hurricane hits knowing that it will pass in due time.
Our specialty is not financial weather forecasting. Our specialty is helping our clients prepare for storms while enjoying the sunny days.
Quote of the week:
Daniel Crosby, Ph.D.: “I have 10 commandments, if you will; they sort of cover the waterfront for me, if people would do these things: First, in all markets, up down and sideways, you control what matters most. Second, thou shall understand risk. Third, start now, start again tomorrow, and start again the next day. Fourth, trouble is opportunity. Fifth, do less than you think you should. Sixth, forecasting is for weathermen. Seventh, if you’re excited about an investment, it’s probably a bad idea. Eighth, this time isn’t different, and neither are you. Ninth, you should be the benchmark. Tenth, excess is never permanent.”
Summer is over. The kids are back at school. If you look carefully a few trees are not quite as green as the used to be. Yes, fall is underway.
Late August is one of the least desirable times to mow my lawn. It is not the heat and humidity that get to me, but the poor decision-making by amphibians.
Frogs have great hearing. They need it to survive. They hear predators, find food, maintain territories, and find a mate using their ears. Therefore, I know they hear me when I start the lawnmower.
There are typically only two types of people that enter your house through the back door – family and friends or thieves.
In the new tax law, Congress clarified that assets entering a Roth IRA account through the back door are your friends.
Life can be a game of inches. Sometimes mere seconds separate us from safety or tragedy. Or keep us from setting new records.
Our current bull may become the longest bull market on record within the next few weeks. This is true if you believe the current longest bull market on record lasted from October 12, 1990 to March 24, 2000 – a total of 2,388 trading days.
The National Bureau of Economic Research (NBER) acts as our country’s official economic expansion and recession referee. Given that they often do not “make the call” until 12 to 24 months after a recession starts and ends, one could say there is nothing instant about their officiating.
As I sat atop the Summit of Mount Quandary in Colorado a few weeks ago, I couldn’t help but realize how spectacular the world we live in is. There’s really nothing like standing 14,265 feet up in the Rocky Mountains after climbing for three and a half hours.
The baseball stars came out last night for Major League Baseball’s All Star game at Nationals Park in Washington, D.C.
Next year’s All Star game will be held at Progressive Field in Cleveland for the first time since 1997. However, as of this writing MLB has not yet announced the players who will be participating or starting for next year’s All Star game.
Last week the Bureau of Labor Statistics announced that the unemployment rate jumped up from 3.8% to 4.0% in June and the ranks of the unemployed rose by 499,000 people.
That is great news for the economy.
When I volunteered to write the blog a month or so ago, I knew that I wanted it to be family focused. Just this past weekend, my Facebook post stated that “family dinners are my favorite time of life.”
Last week I took full advantage of a beautiful summer afternoon to go for a jog around my neighborhood. As I passed by neighbors waving and children playing, I was overcome with gratitude. I felt grateful for the safe, vibrant, and diverse community that I call home.
For years I have been told that parenting involves “launching” our children into new situations from early on - think 1st day of kindergarten to the “Big Launch”, also known as going off to college. The fact that I have had 18 years to prepare for this made me believe that I would be ready for this time in my life.
Time is running out for Wisconsin parents to claim their 2018 Child Sales Tax Rebate. If you are a Wisconsin parent with minor children, now is the time to sign up for this rebate before the opportunity closes on July 2.
There was a giant party on the deck at my house over the weekend. When the temperatures start climbing all my neighbors come out for a good time – especially when we have the floodlights on.
I have attached a picture in case you are curious what kind of raucous parties I throw on my deck.
Yesterday we unveiled our new name and logo at our 23rd annual Wealth Management Symposium.
Investors Advisory Group is now IAG Wealth Partners.
We are the same people with the same commitment to serving our clients — just with a new name and logo.
We believe IAG Wealth Partners fits us better for several reasons.
Life is often full of unexpected outcomes. Every unexpected event or difficult decision in your life has a ripple effect on your and your family’s future.
Dictionary.com defines a wedge as a “piece of hard material with two principal faces meeting in a sharply acute angle, for raising, holding, or splitting objects by applying a pounding or driving force.”
A wedge is a simple machine. You can use it for gaining some height, driving a golf ball, or splitting logs.
.2, 4.6, 11.4, 16.5, 4, and 10.
Those are the inches of snow recorded in Milwaukee from November 2017 through April 2018. Everything looks pretty normal – except for the last two numbers which normally would be reversed.
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On Saturday, April 21, America laid to rest former first lady Barbara Bush. Over one thousand people paid their respect in person while millions watched across the world.
You likely know the attention-grabbing headlines of Barbara Bush’s life already: married for 73 years, wife and mother of U.S. Presidents.