What are the markets and investments going to do over the next 12-18 months? Most financial advisors will respond, “No one can know, so just stay the course.” At FourThought Private Wealth, we think this is a cop-out. We agree that no one can see the future, but that...
Economy
The Yogi Berra Approach to Forecasting an Economic Recovery
One of the most popular philosophers in the modern era was born on May 12, 1925. He served in the United States Navy during the Normandy landings during World War II, a role which earned him a purple heart. He also played professional baseball. His quips about life...
Four Facts for April 27: Comparing Current Unemployment to 2008 and More
https://vimeo.com/412339804
Is Now the Time to Convert Your Traditional IRA to a Roth and Save?
I had a good friend who lived to be 95 years old. Over the course of his final year, he constantly talked about his and his late wife’s 75th wedding anniversary approaching at the end of spring. He wanted to celebrate their life together one more time. Late one April...
Four Facts for April 20: Zoom’s Market Cap and More
https://vimeo.com/409810075
How a Norwegian Explorer Helps Us Make Investment Decisions
The year is 1911. Two famous explorers are planning expeditions to be the first to reach the South Pole: Roald Amundsen, a Norwegian, and Robert Falcon Scott, an Englishman. In her book “A First Rate Tragedy,” Diana Preston details how Scott spent more money and made...
Four Facts for April 13: Stimulus and more
No One Can Time the Market Bottom, So Let’s Just Look Forward
One of the most haunting stories I have read is the 1974 book “Survive,” about a Uruguayan rugby team whose plane crashed in the Andes mountains. There were 45 people on the flight, and only 16 survived the initial crash. The search was called off because sub-zero...
