Long-time TGIF 2 Minutes readers know that “The Greatest Chart Ever” truly is a great chart* with data illustrating reasons to invest – and stay invested – in stocks for the short-, intermediate- and especially the long-term. The chart focuses on US stocks, namely the S&P 500, and lends to globally diversified stock investing as well.
Month: December 2023
Two Notable Events of 2023
Taking a stab at listing the “Top 5″ or “Top 10” events of 2023 is challenging – and subjective. Less subjective is highlighting two events that got the attention of nearly all participants in US stock and bond markets in 2023:
- The rise of interest rates to levels not seen in over 22 years
- The collapse of Silicon Valley Bank and at least two other banks
AI Edition – What & Who is OpenAI?
This edition of TGIF 2 Minutes took an extra week to write (and may take an extra cup of coffee to read). Admittedly, because the topic of AI, or Artificial Intelligence, is so complex and fast-moving as nearly anything on our planet. Add the white-hot nature of ChatGPT, the AI system owned by OpenAI, which is a private company recently thrust to the front-pages of nearly every major world news source. Is your head spinning? Read on.
AI, or artificial intelligence, is huge. Sitting down recently with the leader of a significant and complex global organization, it was jaw-dropping to learn the attention being paid to the value and potential of artificial intelligence. Whether in the corporate, educational, media, or government realm AI is being analyzed, tested and used. Its use will only continue to grow.
Return on Investment
As year-end nears, it may be an appropriate time, while evaluating portfolio performance, also to put in perspective portfolio returns that include the value added by having a financial adviser. This is not meant to be a self-serving topic! But rather spurred by an excellent article forwarded by a long-time client, highlighting:
- short-term portfolio decisions
- short-term & long-term portfolio performance
- overall long-term planning value resulting from each short-term choice.
Please allow me to expand on the article*.
An informed client wrote in to a “seeking advice” website that her adviser, for long-term risk management reasons, had sold a bunch of Nvidia (NVDA) stock which then appreciated by $50,000. The decision by the adviser was based on the client’s established, stated long-term goals and risk tolerance (desire for balanced risks) and with the client’s best interests in mind. The client overall trusts and likes the adviser and was wanting validation that it was “OK” to have sacrificed such a large gain in return for overall solid and holistic (read: big-picture analysis) financial planning.
