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,
?
Election 2024 is probably over by the time you read this. Thank goodness.
Or maybe not.
?
?Because the WMR has a bit of a process it must go through before it hits your inbox, I am composing this week’s message prior to learning the results of the election, so please keep that in mind as you read it. One of my objectives with the WMR to be both timely and timeless. I strive to cover important current events, but I’d also like each edition to have something that will be useful if you read it again a year from now. In timely for this week, no election coverage, but…
?
Now, my presentation invitations consist of;
“In the Wake of the Election”
“Post Election Outlook”
“The Votes are In, Now What?”
“Ignore the Election, Why Staying Invested Matters”
“Now What? After the Election”
“What’s next for Washington?”
“Election Reaction: Investment Views”
“Here’s my review of the new Corvette ZR1…” Oops, sorry. That one is not election related.
Which just goes to show that there is not now, nor will there ever be, a shortage of topics intended to grab your current attention. Choose wisely what to focus upon.
?
“Time is the most valuable thing a man can spend.” – Theophrastus.
?
?This man was unquestionably timeless.
RIP Quincy Jones, who passed away over the weekend.
There aren’t enough flattering adjectives in the English language to describe his impact on the music industry for over 70 years. Yes, 70 years. So much influence over so many superstars, it’s hard to grasp how big he was. If you haven’t already, watch the Netflix documentary about him from a few years ago. Here is the trailer, https://youtu.be/WT7gn6nhsAc?si=PFzX3TLrQK3awZ9Z
Then watch “The Greatest Night In Pop,” about the song “We Are The World,” which Quincy produced.? Here is that trailer, https://youtu.be/MD3oU1gowu4?si=9PrkdT3PqNyNUHNR
?
Another tidbit from the timeless info department, here are 30 tips for living a longer, happier, more successful life with no regrets.? Well that’s a click baity headline. And it worked. I read the article. I rated each tip, Yes, No, Maybe. Yes = I agree, do that. No = I disagree, don’t do that. Maybe = meh, you could do it if you want, probably won’t hurt.
None of the tips were very unexpected and/or surprising. I scored 20 yes’, 9 maybe’s and 1 hard no. So do these and avoid regrets.
?
?IYKYK.
?
?November is long term care awareness month. Yes, that’s a thing.
I’ve talked a lot about long term care in the WMR over the years simply because I think it’s important. Living too long and/or getting sick can deplete a lifetime worth of savings in a hurry. We can avoid that unpleasantness with some conversations in advance. Call me to discuss it.
?
November is also National Roasting Month, meaning roasting meats and veggies in the oven, not roasting people from the stage like comedian Tony Hinchcliffe does so well.
And National Pomegranate Month
And National Banana Pudding Lovers Month. Which sounds gross.
And, I’m not making this up, National Fun With Fondue Month. I don’t even want to know that that is.
Hmmm.
I wonder how you go about securing a month for your cause/topic/area of interest. Do you just declare some month to be for your thing and post a press release on X? Is there an application process like for college? Do you apply to each month individually? Is there a panel that has to approve your month? Is it like getting a star on the walk of fame, do you have to raise money and then pay somebody? Just how do you claim a month for your issue?
?
And since we’re talking about things I don’t understand, can we please stop with daylight savings time?
Changing our clocks 2x year is so dumb. 2/3 of Earth doesn’t bother with it so I propose that we shouldn’t either. Thinking that we are somehow manipulating nature by arbitrarily changing numbers on a clock is nuts. Just stop it.
“Mike, how do you really feel about it?”
It’s dumb.
?
?IRS announces 401k contribution limits for 2025
Limits are up slightly from 2024. If you’re not participating in your company’s plan, you should be. If you’re not maxing out your contribution, you probably should be. If you don’t like your company plan, put me in touch with whomever handles it and I’ll review it with them. If you have a plan from a previous employer, call me to talk about what to do with it, you have some options.
?
?
I got this question the other day when some friends and I were in the cigar room watching a game. I’ve gotten some variation of this question since I became a financial professional.
Mike, the market has been doing well for a while now, what are some good stocks we should buy?
First of all, it would be financial malpractice for me to just throw out some names or symbols without knowing more about the circumstances of the investor asking the question. Second, I don’t know with any certainty which stocks or funds are good to buy right now. Remember this nugget that I learned in grad school, “tomorrow’s stock price is equal to today’s stock price, plus or minus a random number.” And third, I don’t know if the markets will continue their current trajectory or not in the near future.
So rather than start that discussion, my answer to my friends was this: Well, I’m not sure about good stock ideas, but let me explain what we’re doing for some of my savvier clients. We are adding protection, or guardrails if you will, to their portfolios. So if good performance continues, they’ll participate. If it doesn’t, then they won’t get hurt too badly. Preserving what they’ve got, while still being able to grow is more valuable than a good stock idea. And then I went on to briefly describe how the protection works, culminating with my signature #mathwins catch phrase.
?
Warren Buffett gets it, he’s a smart guy. He’s been selling shares and now has more than $300 billion in cash at Berkshire Hathaway. Does he think stocks are overpriced? Maybe he suspects something we don’t.? Perhaps another reason to consider some protection.
?
?
?
?
?This week’s in person comedian review is JoKoy last weekend at the Masonic Temple Theater in Detroit. This pic is from the end of the show. JoKoy is in the middle, flanked by his opening acts Joey Guila and King Bach. It’s my third time seeing JoKoy live and the show was good. In my opinion however, I preferred his previous shows. Not unlike when I reviewed his most recent special “Live From Brooklyn,” which was also pretty good, but not as enjoyable as his previous specials. He’s still very funny, telling stories from his life, his childhood, his mom and so forth, but he’s become more crude than he used to be. That’s not a criticism necessarily because comics do what they do. It is just more of an observation. And that’s not bad, but some of the cruder bits are rather long and by the end you’re waiting for them to be over. In fairness, that only applies to parts of the show and he did perform for nearly 90 minutes, which is 30 minutes longer than most headliners and he appears to be enjoying himself onstage. I’m still a JoKoy fan, and I’ll watch his next special, which he says he’s preparing right now, but I may take some time off from seeing him live.? Next up in person is Gabriel “Fluffy” Iglesias later this month.
?
?
?
?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.
?
Join Zoom Meeting
?
?
This week’s chuckle is 5 minutes of Nate Bargatze. He and his wife didn’t talk for 24 hours because of chocolate milk.
Safe for work.
?
?
LF30 – “Everything is changing. People are taking their comedians seriously and the politicians as a joke.” – Will Rogers.
?
?
Have a great week and stay healthy.
?
?
This material is for informational and educational purposes only. Opinions and forward-looking statements expressed are subject to change without notice.? Links to external content are provided for your convenience and for informational purposes only. They do not constitute an endorsement or approval by Osaic FA, Inc. nor does the firm receive compensation or remuneration for your access to such content. Osaic FA, Inc. bears no responsibility for the accuracy, legality, or substance of the external content or for that of any links within such content. The opinions expressed are those of Michael Acho and not necessarily those of Osaic FA, Inc. CRN-7261972-110424
?
?
?
?
?
Want to get on my calendar? Click here, https://calendly.com/michael-acho
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]
Securities and investment advisory services offered through?Osaic FA, Inc.,?member FINRA/SIPC.?Osaic FA?is separately owned and other entities and/or marketing names, products or services referenced here are independent of?Osaic FA.
Please do not send any trading or transaction instructions through this email. They will not be executed. Please call the Osaic FA trade desk at 1-800-237-3813.
This message and any attachments contain information, which may be confidential and/or privileged, and is intended for use only by the intended recipient; any review, copying, distribution or use of this transmission is strictly prohibited. If you have received this transmission in error, please (i) notify the sender immediately and (ii) destroy all copies of this message. If you do not wish to receive marketing emails from this sender, please reply to this email with the word REMOVE in the subject line.
See Osaic FA’s Form CRS Customer Relationship Summary, available here, for succinct information about the relationships and services Osaic FA offers to retail investors, related fees and costs, specified conflicts of interest, standards of conduct, and disciplinary history, among other things. Osaic FA’s Forms ADV, Part 2A, which describe Osaic FA’s investment advisory services, Regulation Best Interest Disclosure Document, which describes Osaic FA’s broker-dealer services, and other client disclosure documents can be found here. ? CRN-5459027-020923