“As I put my kids to bed…
I wonder what lies ahead …” from “Changes Comin’ On” by Dean Dillon, Buddy Cannon, and Jimmy Darrell and Recorded by
Some time back I was asked to speak to an investment class at the
The presentation focused on how our team makes investment decisions, how these choices differ for varying client objectives and methods for establishing a productive balance of equities and fixed income instruments in portfolios. The students’ questions afterwards centered around these same issues: investment strategies, inquiries involving particular securities, and how decisions are reached on market buys and sells.
As I returned to
What the students really needed was not only a presentation on investing, but insights into the entrepreneurial experience. Somewhere around 75 percent of all self-made millionaires in
Unemployment is now at 6.3 percent. This is down significantly from 2009, when our unemployment rate stood at 10 percent. Yet, our domestic economic landscape is in trouble. “There are still 1.49 million construction jobs missing,” write Josh Boak and Chris Rugaber in an article entitled ‘U.S. Job Market Recovers Losses Yet Appears Weaker’. Factories have 1.65 million fewer workers … Government payrolls have shrunk, taking middle class pay with them. Local school districts have 255,400 fewer employees. The U.S. Postal Service has shed 194,700 employees.”
Globalization and automation are wiping out millions of traditional employment opportunities. One of the best skills that a young person, or any person, can have is the ability to create and sustain one’s own business. Small business has always been and remains the backbone of the
Margaret R. McDowell, ChFC, AIF, a syndicated economic columnist, is the founder of Arbor Wealth Management, LLC, (850-608-6121 — www.arborwealth.net), a “fee-only” registered investment advisory firm located near Sandestin. This column should not be considered personalized investment advice and provides no assurance that any specific strategy or investment will be suitable or profitable for an investor.