Is Our Success Due to Skill or Luck?
Submitted by Moneywatch Advisors on April 19th, 2021Kentucky’s own Henry Clay reportedly coined the phrase, “self-made man” when describing Benjamin Franklin during a speech in the U.S. Senate in 1842.
Kentucky’s own Henry Clay reportedly coined the phrase, “self-made man” when describing Benjamin Franklin during a speech in the U.S. Senate in 1842.
Enjoy this month’s edition that features a review of the first quarter stock and bond performance plus a summary of insights from JP Morgan.
The Federal Reserve is predicting the U.S. economy will grow 6.5% during 2021 – the highest rate since the mid-1980’s. Meanwhile the first quarter was very good for stocks:
Okay, not evil, I was embellishing to get your attention. They are, however, misleading, offer a false sense of security and, not unlike fire extinguishers and bow ties, are to be used only in a dire emergency.
Two hosts of a podcast I’m listening to recently described their relationships with money after both growing up poor. Their thoughts started me thinking, again, about people’s views toward money and what affect it has on us psychologically.
Enjoy this month’s edition that features a perspective on the stock market plus a reminder to UK clients about the changes in their Fidelity fund options.
Enjoy this month’s edition that features an update on two new mutual funds and some important email security tips.
If you’ve read any commentary over the last couple of weeks about the company GameStop, and how could you miss it, then you’ve probably seen this portrayed as the classic David vs. Goliath story. These tiny investors trading from their phones got the better of the huge, bad hedge funds and this new technology allowed the common man to stick it to the suits! But, does one win just by making someone else lose?
In 2015 the University of Kentucky men’s basketball team entered the NCAA tournament with a record of 34-0 and was deemed the “biggest favorite in modern NCAA tournament history”, according to USA Today. The oddsmakers installed UK as even favorites to win the championship.
Enjoy this month’s edition that features a notice about 2020 tax forms, a tip on how to find old, forgotten accounts and a recap on 2020 investment returns.
2020 Tax Documents:
I am not a betting man. Now, I do enjoy perusing the betting lines on college and NFL football games and making some bets in my head, but my abysmal record helps me keep my money in my pocket. Similarly, I often get asked how I think the stock market will perform this year. When I answer that I have no clue how it will fare in the short term, I often receive a squinty-eyed stare in return. If I could read minds, I assume that look means, “Isn’t that your job?” Answer: No, the reason I can’t predict the market is that NO ONE can! Witness: