Sometimes I wonder why we listen to pundits or talking heads at all. They seldom get it right. Expectations for the 1st quarter of 2019 concerning the US Gross Domestic Product growth was around a 2% annual growth rate. The announced growth was 3.2%, once again, confounding the “experts” and their expectations. A broken clock is correct 2 times a day, so I guess there is still hope.
There were several articles I could have chosen but JP Morgan CEO Jamie Dimon is a pretty smart guy. The video is worth watching. So, will this bull market end? They all do. Do we have a bear market lurking around the corner? Have no idea but they do happen. Our philosophy is and will continue to be invest in the great companies of the world with certain characteristics such as growing dividends, stock buybacks, great balance sheets and is well managed, along with many other strong characteristics. To note, please always remember, investing has risk and past performance is no guarantee going forward.
I can’t count the number of times I have heard people tell me, and I quote, “Social Security will not be there when I retire”. So, when I found the article about Social Security, I wanted to include it with this week’s email. Will there need to be adjustments or changes? More than likely. Will the political class ever get around to repairing it? Only when they absolutely have to.
I’m looking forward to a great week this week and hope you are as well. Should you wish to talk or meet with me, please call or email.
Have a super week!