Green Shoots: An Early 2023 Economic Outlook & Market Prediction
Recently, inflation and Federal Reserve policy have drastically impacted the markets and the economy.
Recently, inflation and Federal Reserve policy have drastically impacted the markets and the economy.
Especially over the last decade, we’ve witnessed the direction of the financial planning industry shift. Financial planning is no longer product centric. It is very much process driven, without regard to platform or product. From the standpoint of process, let me offer this example.
Think of me as being a travel agent. You come to me and say that we need to plan a trip to Chicago from Birmingham. Off the top of my head, I can think of five modes of transportation.
Managing Investor Emotions and Behavioral Responses
Over the previous two decades, there have been a number of research studies that have explored the human behavioral response patterns when confronted with painful, or pleasurable stimulus. It’s interesting that across a number of these studies, it was concluded that humans will be, in some cases, ten times more likely to avoid pain than to gravitate toward pleasure.
I’m sure you’ve asked yourself that question a lot lately. Well, to some degree we live in a new normal paradigm. It’s hard to believe that the first iPhone was introduced on the 29th of June in 2007. The emergence of such technology however has facilitated a world where information is instantly available, and from any number of sources. As technology has evolved, so too have programs that allow professional money managers to instantly trade large blocks of securities through what we know as high frequency trading.
Algorithms are also employed by institutional managers.
The S&P 500 Index established a new all time record high on the 26th of July, by closing above 3,000 for the first time, at 3,025.86.
This is the last section of a four-part series within which I’ve drawn parallels between the life lessons of sports, and successful objective driven investment plans.
There are only a few inarguable axioms in life. One that is particularly applicable to basketball and objective driven investing is that pearls of great price aren’t to be had for the asking.
This is the second of a four part series on the parallels I’ve observed as a basketball coach, between the life lessons of sports, and successful objective driven investing.
One uncompromisable tenant of every team that I coach is that my players will give everything 100% of their best effort. If it’s worth doing, then it’s worth nothing less. All or nothing. Said another way, if you’re gonna do it, DO IT!.
There are plenty of places in life where something less than 100% is not only acceptable, its fantastic.
Today, we’re going to examine the ten most important two letter words in the English language. If it is to be it is up to me. When I’m coaching a team, I remind my players that 90% of basketball is played between your ears. Only you have control over your own grey matter. Therefore, if it is to be (that I control my emotions) it is up to me.
We talk about striving for perfection, but never being perfect. We’re all going to make mistakes.
Years ago, when my son was young, I had a revelation as we were playing with a simple toy. Do you remember playing the labyrinth game, or possibly better known as the “guide the BB through the maze to the hole” game? We’ve all been frustrated by the precision required in moving the bearing from the start to the finish while avoiding the traps of the maze.
It occurred to me that navigating challenging events and markets, while trying to generate durable retirement income for clients, can be a lot like playing this game.
You Will Play Like You Practice
I’ve coached park and recreation basketball for fifteen years. Over that time, I’ve come to appreciate the parallels that exist between playing basketball, and successful objective driven investing.
This article will be the first of a four part series over the coming months, where we’ll explore four tenants that govern every team that I coach. Today, we’ll explore “You will play like you practice”. Next month, we’ll discuss “If you’re going to do it, do it”.
Keystone Financial Group’s ultimate goal is to help exceed your expectations in the area of financial planning and investing. Working within the parameters that you provide, we seek to eliminate financial inefficiencies, and plot the most suitable route for moving from point “A” to point “B”.
Keystone Financial Group is here for you when you need us. Please feel free to fill out the form for general inquiries concerning our products, support, or help with purchasing our products. Thank you for your interest in our services!
Hours of Operation: 8am-5pm M-F
Phone: (205) 655-7526
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Objective-driven strategies are about the achievement of goals, and not only about making money. This implies a balance of risk with other factors such as tax-advantaged thought, time, and the characteristics of products that may be most suitable for you and the application at hand.
David is a Registered Financial Consultant, Registered Financial Specialist, and Chartered Asset Manager, and is a member of the American Academy of Financial Management. He graduated from The University of Alabama in 1991 with a BS degree in Finance, and began his career with Nowlin and Associates. In July of 2006, David formed The Keystone Financial Group, and relocated his practice to Trussville, Alabama. The focal point of David’s practice is the design of both qualified and non-qualified retirement strategies for small and medium sized corporations. Other areas of practice include the structuring of retirement income, and estate strategies.
David believes activity to be important within one’s industry and community. He serves the City of Trussville as a member of its Park and Recreation Board, and upon the Advisory Board of the Trussville City Schools Foundation. He coaches youth league basketball, and serves Clearbranch United Methodist Church as its finance committee chairman. He serves Ameritas as a member of its National Field Advisory Committee. David and his family live in Trussville, Alabama. David is a native of Florence, Alabama.
David R. Guttery & Seth Edgil offer products and services using the following business names: Keystone Financial Group – insurance and financial services | Ameritas Investment Company, LLC (AIC), Member FINRA/SIPC – securities and investments | Ameritas Advisory Services, LLC (AAS) – investment advisory services. AIC and AAS are not affiliated with Keystone Financial Group or any other entity mentioned herein.
Products and services are limited to residents of states where the representative is registered. This is not an offer of securities in any jurisdiction, nor is it specifically directed to a resident of any jurisdiction. As with any security, request a prospectus from your representative. Read it carefully before you invest or send money. A representative will contact you to provide requested information. Representatives of AIC and AAS do not provide tax or legal advice. Please consult your tax advisor or attorney regarding your situation.
**Securities and investment advisory services are offered solely through Ameritas Investment Company,LLC (AIC), member FINRA/SIPC.
*** The opinions and views stated in this publication are solely those of David R. Guttery and should not in any way be considered to be an endorsement by Ameritas Investment Company, LLC.
**** AIC, Keystone Financial Group, and KeystoneFinGrp.com are not affiliated. Additional products and services may be available through David Guttery or Keystone Financial Group that are not offered.
Keystone Financial Group’s ultimate goal is to help exceed your expectations in the area of financial planning and investing.
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