Weekly Market Review
Michael Acho
Guardian of the Wealth of the Most Productive People on Earth | Creating, Protecting and Distributing Wealth for Clients
?Good afternoon,
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Let’s lead off this week with some talk about transitions.
“Be careful Mike, that’s a sensitive topic….”
No, not those kinds of transitions. I’m referring more to standard life transitions. Getting older, changing jobs, kids growing up and moving away, retirement, and so forth.
“Whew. Ok. You just like trying to scare us, don’t you?”
Of course not.
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I’ll start with the weather. I mention this every year about this time, but I played golf on the Friday before Labor Day and it was 90 degrees and humid. Which, BTW, I personally love. The hotter the better as far as I’m concerned. In only a few short months, it’ll be February and we’ll be wishing it was hot and humid again.
Then on the day after Labor Day, I woke up to temps in the 50’s. What? How does it change that fast? It’s like Mother Nature flipped a switch and said “ok, everyone out of the pool, that’s it for summer, grab a sweater or hoodie if you plan to go out today.”
But Mike, don’t you like the fall? The change in seasons? The leaves? Football season?
No. No I do not. I prefer San Diego weather all the time and forever. Don’t be surprised when/if I transition myself to Florida come January or February.
“Everybody complains about the weather, but nobody does anything about it.” – Charles Dudley Warner.
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Next I’ll mention a webinar that I attended recently. The focus was on business owners who want to transition out of their businesses. Many don’t have a strategy in place for that. Which, at the very least, is problematic for their heirs and at the most could result in undervaluing an important asset. Better to think about a succession plan in advance so a future sale or inheritance will go more smoothly. Especially if the business owner has partners. Every business partnership, just like every marriage, ends in only one of two ways, with a death or a divorce. Some prior thought about that transition is a good idea. Call me for some succession strategies.
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How about a transition to retirement? Are you ready for that? How are you going to handle it? What will you do with your time? Will your money outlive you or will you outlive your money? Call me to help with that math.
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Have you, or someone you know, been affected by a job change or career transition? Hopefully one you chose to initiate or perhaps initiated by your previous employer. Either way, you have some decisions to make regarding your retirement plans and other benefits. Call me to help with that analysis.
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What about the transition to the afterlife, whatever your version of that may be. Here is where I briefly summarize estate planning. It essentially means getting what you want to who you want, how you want, when you want in the most tax advantageous manner.? Sounds pretty simple, right? It could be. Or not. Depending upon your circumstances. Dying without any estate documents is called dying “intestate.” If that happens, the state in which you live has rules about how your stuff gets distributed. Which probably isn’t going to correspond to the way you want it to happen. Call me to talk about your estate plan.
“The only difference between death and taxes is that death doesn’t get worse every time congress meets.” – Will Rogers.
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Now please allow me to transition into some headlines. Culled from various places, maybe an email I received or a publication I happen to peruse or some other moderately important, or not, source.
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Saw this headline in a local newspaper the other day,
“Swim lessons, life jackets and situational awareness can prevent drownings.”
Are you sure? Well duh. Thank you Captain Obvious.
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Here’s another headline for a workshop I’ve been invited to, “Navigating election uncertainty….”
Sounds good. But, how is that different from every other headline ever, “navigating interest rate uncertainty…” or “navigating recession uncertainty….” Or “navigating market uncertainty…” or “navigating college football uncertainty…” or “navigating long iron uncertainty…” or….you get my point.
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“Are children hazardous to your health?”
Really, that was the title of a podcast. Hazardous to your health? IMO, no way. But certainly detrimental to your wallet.
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And this gem from the Babylon Bee, “Americans Unanimously Agree To Vote For Whichever Candidate Stops Sending Them Campaign Donation Text Messages.”
Exactly.
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?What exactly is blue raspberry?
Per the internet :? Blue raspberry is?a flavor and food coloring that is used in many products, including candy, soft drinks, and syrups.?It is not derived from a natural raspberry, but rather is a manufactured flavor that mimics the taste of a blackcap raspberry.?The flavor is made from esters of banana, cherry, and pineapple, and often includes added sugar.?
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The blue raspberry flavor was created by ice pop makers who ran out of red dye and had Brilliant Blue dye on hand.?The original raspberry pops used FD&C Red No. 2, but the FDA banned it as a possible carcinogen.?The popularity of the blue raspberry flavor grew after the release of the blue raspberry ICEE.?
?The flavor is inspired by the white bark berry, a North American berry that is closely related to the blackberry.?However, blue raspberries are not commonly grown commercially because they are too soft.?They are usually only found growing in the wild, especially in Northern North America.?
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?Some say that the blue raspberry flavor has the sour sharpness of citrus flavors and the sweet depth of red and purple flavors
?That doesn’t sound very healthy.
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Let’s move on to another favorite WMR topic, cars.
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Regular readers know that I’m a bit of a car guy. I appreciate all kinds of cars. Sports cars, hyper cars, classic muscle cars, luxury cars, off road trucks, etc. Here is a pic of the new 2025 Chevrolet Corvette ZR1. Generating 1,064 twin turbo charged horsepower and rear wheel drive, its top speed is 215 mph. Expected to be available in mid 2025 at a sticker price of around $200,000. I’ve proffered for years that there is no better sports car in the world, for the money, than a Corvette. And even at the $200k number, this fits that bill. Hyper car performance at ? the price. Or less. My only, minor, complaint is that it is not available with a manual transmission. Oh well, I guess I can live with an 8 speed dual clutch automatic if necessary.
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Zoltan Kaszas isn’t manly enough to drive a stick shift, https://youtube.com/shorts/JARGl3vSks8?si=JGRxqsODnkn7u2US
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And here, just for fun, is a late 1960’s Lamborghini Miura. Often at the top of any “most beautiful sports cars ever” list. I agree.
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This week’s comedian review is another new to me artist who showed up in my Netflix feed, Langston Kerman, with his special “Bad Poetry.” I liked it. Some adult content and some adult language, but not of the cringey type. I thought his style was very tight, he had obviously mastered his material for this special. The flow of the show, the transitions, the various bits, everything worked well together. Several LOL bits and Langston seemed like he was having fun onstage. Check him out if you have an interest.
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?And finally, here is your friendly reminder that my half hour virtual office hour is back this Friday. Hop on at noon and ask me anything.
Michael Acho is inviting you to a scheduled Zoom meeting.
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Join Zoom Meeting
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This week’s chuckle is 3 minutes of Sebastian Maniscalco going out to dinner with friends,
Safe for work.
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LF30 – “The magic you are looking for is in the work you’re avoiding.” – Dipen Parmar.
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Have a great week and stay healthy.
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Michael J. Acho, MBA, CFP? Private Wealth Advisor --------------------------------------------------- Osaic FA, Inc. 20505 West 12 Mile Road Southfield, MI? 48076 248-948-5100 direct 248-948-5101 fax 248-933-4339 cell
947-258-0289 texts [email protected]
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