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Weekly Market Review

Weekly Market Review

Good afternoon,

 

Did you get everything you wanted for Christmas? Our youngest certainly did and for good reason. She asked for it. Funny how that works. When prompted by Grandma for a list of Christmas wishes, she quickly provides one. In order of priority, of course. Which, naturally, Grandma fulfills. Smart cookie, that’s how she gets exactly what she wants. The older kids are a little more subdued, they hem and haw around the subject while the youngest is busy adding items to her list. Often times our creative little entrepreneur will even bypass the list process completely and just populate our Amazon shopping cart with desired items. Lots of items. Maybe it’s time to change our Amazon password. Full disclosure – WMR is an Amazon Prime customer and Amazon shareholder.

 

This article lists various predictions which were supposed to occur by 2020, most of which were made many years ago.  Some were on and some were off, but it is interesting to look back and see what people thought about the future. Wonder what “experts” will say about the upcoming decade.

https://www.usatoday.com/story/news/nation/2019/12/22/2020-predictions-decades-ago-self-driving-cars-mars-voting/2594825001/

 

And speaking of decades, this article says that we just completed the Best Decade Ever. Best. Decade. Ever.  The WMR agrees.  Not to say we told you so, but we told you so. We’ve been telling you so for a long time. Now, right now, is the best time to be alive in the history of the world. Sure there are problems, there are always problems, but on the whole, they are far outweighed by the wealth and health and progress that exists in the world today. If you don’t believe us, do the homework, the evidence is irrefutable. And we’ll go out on a limb and suggest that the next decade will surpass the previous one. #besttimetobealive

https://spectator.us/just-best-decade-human-history-seriously/

 

Looking forward, like we all tend to do at this time of year, here are some things to consider for your resolutions. First, here’s one idea that we like, the 21 day no complaint experiment. Complaints generate negative energy. Life is too short for negative energy. Use this idea to avoid negativity. It won’t be easy, but nothing worthwhile ever is. And it will force you to consider your words and thoughts more carefully.

https://tim.blog/2007/09/18/real-mind-control-the-21-day-no-complaint-experiment/?utm_source=convertkit&utm_medium=convertkit&utm_campaign=5bf

 

Second, make some conscious choices about where and with whom you spend your time.  Time is a finite resource so don’t waste it with people or places that do not energize you or make you better. The analysis may require some difficult decisions, but it’s necessary.  Here is a Forbes article to help.

https://www.forbes.com/sites/maynardwebb/2019/10/08/how-to-spend-most-of-your-time-with-people-who-make-you-better/#4b0548782b3f

 

Third, we’ve recommended this podcast before and we think it’s timely to recommend it again. Naval Ravikant and How to Get Rich. We really like his strategies and insights. And since nearly everyone’s goal for the new year is some level of financial success, Naval gives some great advice on how to achieve it.

https://podcasts.apple.com/us/podcast/naval/id1454097755#episodeGuid=ac37abd4-c37f-4472-af20-aaaf15e430ff

 

We’ll close our short message this week with a WMR movie review. We had occasion to see the new Star Wars movie the other day. Star Wars: The Rise of Skywalker.

https://en.wikipedia.org/wiki/Star_Wars:_The_Rise_of_Skywalker

Which is the 9th installment of the series, but we’re not exactly sure where it falls within the timeline of the saga. With apologies to Star Warriors, or Star Warsers, or whatever is the proper terminology for Star Wars fans, the review is simple: I didn’t get it. This isn’t meant to be a complaint, but I just didn’t get it.  Admittedly, I’ve not kept up with the films over the years and am not even sure if I’ve seen them all, but this one seemed disjointed. I’m sure true fans probably enjoyed it much more than I did and it’ll probably earn a bazillion dollars like the rest of them have. Different strokes for different folks.

 

LF25 – “Do. Or do not. There is no try.” – Yoda.

 

Have a great week.

 

 

Michael J. Acho, MBA, CFP®
Private Wealth Advisor
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Lincoln Financial Advisors/Sagemark Consulting
1000 Town Center, 26th Floor
Southfield, MI  48075
248-948-5100 direct
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Michael.Acho@LFG.com

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