2020 PRIVATE WEALTH PERSPECTIVES NEWSLETTERS

Ever heard the term “dollar cost averaging”? What does the concept mean to you? In the retirement planning world, this is how you ensure that you aren’t trying to time the market with making payroll deduction contributions.

With full disclosure, I come to you in this writing at the conclusion of the week that brought us the “debate” and a COVID positive in the White House. As we all absorb the seemingly endless journey to the other side of what has become 2020, there can exist a very real effort to dig deep down and stay positive as well as an essential need to pick each other up along the way.

“If I had an hour to solve a problem and my life depended on the solution, I would spend the first 55 minutes determining the proper question to ask, for once I know the proper question, I could solve the problem in less than five minutes.” - Albert Einstein

I’m a sucker for Presidential history. This is especially true in an election year. Last week, I briefly pondered blowing the dust off of my copy of David McCullough’s biography on Harry Truman. Then the reality set in that it is nearly 1,000 pages and that I am the parent of two small children.

When you hear the word ‘audit’, do the hairs on the back of your neck stand up? Do you get an aching feeling in the pit of your stomach? No worries…not all audits are a bad thing.

2020. So much can be said about this year, some of which would not be appropriate to grace the pages of this fine publication.

Since the stock market lows in March, the S&P 500 has returned to pre-covid levels, while the NASDAQ has set new highs.

On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), a massive relief bill for those suffering as a result of the Coronavirus pandemic was passed by the House and signed by the President.

In physics, invisible and powerful forces are always at work which are awe inspiring and often mind bending. Great scientific minds have solved complex theorems and challenged the applications and relationship of matter and energy.

If you are a regular reader, you may have noticed the title of this section has changed from Personal Trust to Wealth Management.

The Year Without a Santa Claus is one of those stop motion animated TV Christmas specials produced by Rankin/Bass in the 1970’s. Though not nearly as popular as Rudolph or Santa Claus Is Comin’ to Town, the special has its share of fans, not to mention a terrific horn line in The Snow Miser/Heat Miser Song.