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Compass

I mentioned before My military service in a previous post and the impact it had on my life. This week Brendan Mullooly, CFP (R) wrote an article about thinking of your financial plan as a Compass not a roadmap. This resonated greatly with me. And brought back memories of doing land navigation training.

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Consumed v Informed

As discussed often in these posts investing is hard but essential. It follows the paradox of trying to be informed without being consumed. Informed investors focus on the things they can control. Things like Fees, how much they contribute, length of their holding period and how often they make changes. Consumed investors make the mistake of thinking the stock market future can be known and tamed for one’s own ends. When I began investing like most of us in my 20’s

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What we Learned in 2018

This is perhaps my favorite lesson of 2018. As written about numerous times here the market has been pitching a fit this last quarter. Up until September we were walking on ridges. Then all that changed. As I have spoken with you on the phone, in person or over email the consistent response is “we are taking the long view.”

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RIP Jack Bogle

I’m willing to bet none of you have met Jack but his impact on your life direct or indirect is immense. Because of him there is more money in your retirement account, your kid’s education account, or any other investment account you may own.

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Write it Down

Our memory does funny things to us. The current and the future are far scarier than our past. Mostly because the past is just that... The past. Meaning we have encountered it, beat it and moved on from it. The future is scary because it is unwritten and unknown.

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"The Circus"

If it were easy everyone would be doing it. An annual tradition in our family is to go watch the Citadel Basketball team play VMI each year here in Charleston. It's important because over the years some members of the RIM Family have coached in this game and perhaps more importantly my dad graduated from VMI in ‘76 and my brother in ‘05. Truth told I own more Citadel Basketball gear than VMI.

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Thankful

One of the best books I read this year is Factfulness, by Hans Rosling. It’s a great easy read if you are interested. When you look back over time its impossible not to be thankful for where we are today.

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Ambient Music

Ambient music is gentle and repetitive. It’s soothing and generates a sense of calmness. It plays in the background, and when you want to listen to it, all you need to do is shift your attention. Relationships are like ambient music. Staying in touch with people isn't about being loud and aggressive. It's about subtle, regular connection. - David Perell

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Take the Long View

When meeting with potential clients about their accounts one of the main frustrations they communicate is during down markets their previous advisor would state something to the effect of “trust me, we need to hold our positions. now is not the time to sell.” Generically I can’t argue with the advice but giving that advice without context leaves a lot to be desired, isn’t reassuring and can be counterproductive.

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The Whiskey Dividend

Its easy to forget that the market is made up of a bunch of humans working off of each other and that companies are a collections of humans as well.

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Reasons to Sell

Looking back on the GFC it seems obvious that the housing market would collapse and if you are not careful you will look for those reasons in future run ups in future markets. The chart below shows the rise in the S & P 500 matched up with all of the events that coincided. I remember conversations with clients during these times, IE Brexit.

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