Join us for the next edition of our monthly series where each of our team members at TFP share something their reading that we think you might enjoy too.
Bob Heykoop’s Choice: Steve Gresham – The Moments that Matter in Family Conversation
Earlier this month, I was scrolling through family pictures in the “Camera Roll” on my iPhone when I ran across a picture of my daughter Jordan and two of our four grandsons on one of the horses. The next day I was reading my copy of the latest edition of Financial Advisor magazine when I ran across the attached article titled “The Moments that Matter in Family Conversations” by Steve Gresham, who is the author of the book; The New Advisor for Life.
All the technical market, tax and economic data available at our fingertips is so important to us as financial planners and advisors in guiding our investment team with critical investment decisions every day. The most crucial conversations that we have are with the people that depend on us to help them steward their resources wisely, is where the conversations matter most.
Evan Barnes’ Choice: LPL Research – The S&P 500 Total Return Has All-Time Highs in Sight
November has been an excellent month for stocks and now the S&P 500 is within shouting distance of it’s all-time high, set on January 3rd of 2022. Here is an informative piece from LPL Research that details how this time period below an all-time high stacks up against others.
Drew Barnes’ Choice: IRS Updated Contribution Limits for 2024
The IRS has officially released the updated contribution limits for retirement accounts in 2024. If you are making maximum contributions to your retirement plan, be ready to increase your contributions by the appropriate amount for next year.
Andrew Rhoads’ Choice: Kiplinger – Being Rich vs. Being Wealthy: What’s the Difference?
Being rich vs. being wealthy. While those terms may seem like they’re the same concept, there are nuances between them, and you can be rich without being wealthy, and vice versa. Discover more in this article that speaks to these differences in other areas of our lives, not just financial.
Pete Koury’s Choice: Dr. David Kelly – The Addicted Consumer
I just finished reading this letter from Dr. David Kelly, Chief Global Strategist at J.P. Morgan Asset Management, his perspective on the consumer and potential impacts of a
Recession or soft landing really hits the mark. I hope you get a more thorough understanding of the current markets with his insights.
Bryan Bolls’ Choice: Visual Capitalist – Timing the Market
Here’s a quick visual I like. We have all seen the data on how missing the 10 best days in the market erodes returns substantially, but I like how this chart shows clients that over the last 20 years those 10 best days all happened during the heigh of the panic in 08-09 or during the Covid crash.
*Certain information contained herein has been obtained from third party sources and such information has not been independently verified by TFP. No representation, warranty, or undertaking, expressed or implied, is given to the accuracy or completeness of such information by TFP or any other person. While such sources are believed to be reliable, TFP does not assume any responsibility for the accuracy or completeness of such information. TFP does not undertake any obligation to update the information contained herein as of any future date.
