Thoughts this Thursday...where are yours?
2025 let’s go…
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Long term market predictions rarely come true…
Prepare… do not predict. The truth is, predictions are just guesses, no matter how fancy the math is. The world’s too messy to be certain of anything.
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Knowing yourself, your psychological makeup, and your skill set are crucial components to success. Some investors thrive under the pressure and enjoy the gambling nature of stocks, while others prefer to sleep well at night and take a more cautious, long-term approach. Either route is OK. And the same principle applies to specifics like when to sell a stock... "There's no one size fits all. A real challenge for us is to get clients to realistically line up performance expectations with their tolerance for risk taking.
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As?Jason Goepfert?writes, "Sentiment and positioning aren't the main drivers of asset prices, but they are a driver. And hoo boy, there are signs that folks are way offside. Like 100x more assets in leveraged bullish funds than bearish ones, the first time ever."
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We are beginning to see the hints of a bond market concerned about $2 trillion deficits and a $36 trillion national debt on its way to $60 trillion unless something changes soon. At the current rate, total US debt will be over $50 trillion by the end of the decade. Interest on the debt will be the largest line item in our budget—larger than Social Security, Medicare, and certainly defense. It will be approaching the actual level of income taxes that we pay.
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Just as an exercise, go to the US Debt Clock and browse through their treasure trove of data.
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Courtesy of End in Mind...
The 2025 Consumer Electronics Show is on in Las Vegas, bringing together global companies, industry leaders, and tech enthusiasts for one of the world's largest electronics and tech events. With about 150,000 attendees and 4,500 exhibitors expected, the event will showcase the future of a projected $537B technology market.
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In 2025 or any year, for that matter, outcomes are going to depend on the factors you can control and, when you get real about it, the only factor you really control is how you show up throughout each day of the year. Uncertainty and change will happen. What we control is how we react to events. I am going to try to get a little better at something. Every day, just a little bit better. An example, if I read just 20 pages a day at the end of the year I will have read 30 books. Growth happens when we build daily habits over long periods of time. I am also going to work on what I give attention to. I want to clearly understand what I can have influence over and what I cannot. I am going to try hard to be ruthless to the things that don’t matter. Not enough time.
Remember, NO is a complete sentence. Kind but firm. Short but sweet. You simply can’t.
Have a good week… Life Transitions Services LLC