A few years ago, we initiated a three-part series to help navigate various stages of your financial life. We previously published two of those: 'Advice; for my-25-year old self’ and ‘Advice; for my-45-year old self’.
Part three of this series is in the attached ‘Advice; for my-65-year old self’. In this edition, we address issues such as social security, Medicare, long-term care, IRA, 401(k) issues, gifting, estate taxes, and other issues that are relevant during this stage of life. We also propose that it is time to reap the benefits of all your hard work, untold sacrifices, and enjoy the successes of a life well-lived. While it may not apply to our younger cohorts, we hope the article provides some discussion points with your parents or grandparents.
The strength in the economy and optimistic outlook going forward may be providing an opportunity for private companies to tap the public markets. In this quarter's letter titled “SPAC” to the Future, we discuss several approaches for companies to go public. We’re using a little creativity in our title which references the utilization of Special Purpose Acquisition Companies to take a company public. Two examples of high profile companies that have taken this path are Virgin Galactic and DraftKings.
In this quarter’s letter, we recognize our healthcare professionals who are front and center in treating and caring for those who are infected. We are grateful for the researchers, scientists, and trial volunteers who developed the vaccines that will hopefully end the pandemic.
In July 2019, we penned an article titled, “Advice; for My 25 year-old Self,” in which we discussed the various financial issues faced by the millennial generation. We now continue this ongoing series with the enclosed, “Advice; for My 45 year-old Self”. Gen-Xers between 40-55 years old are often referred to as the ‘sandwich generation’, caring for elderly parents while funding for children’s college expenses.
Last quarter, we addressed the topic of the changing societal trends due to the impact from COVID-19. In this quarter’s letter, “What’s Next?”, we continue to explore this subject by addressing enduring long-term behavioral changes and potential investment implications.
In this quarter’s letter, COVID-19, we discuss our perspective on the response to the virus, including: societal trends, the Federal government’s fiscal programs, and the unprecedented actions taken by the Federal Reserve.
It takes a Muni - In this quarter’s letter, we focus on the importance of municipal bonds in helping to facilitate the building of our infrastructure, why individuals love muni's, and how we approach them.
Advice; for my 25 year-old self - In this quarter's letter we emphasize the point that “few decisions will significantly impact the quality of our lives as the way we manage our finances.” The article addresses topics such as compounding, IRAs, 401(k) accounts, and student loans, and stresses the importance of taking your long term financial health seriously, especially early in life
Uncle Warren - In this quarter's letter we provide some of Warren Buffet's wisdom on long-term investing and also share with you well known companies that he purchased under the Berkshire Hathaway umbrella.
In this letter, we’ll explain the basic elements of the business cycle and take a quick look back at how the current business cycle has evolved. More importantly, though, we’ll explain how some of today’s major issues affect our thoughts on where the business cycle may be headed.
Lean on Me - In this quarter’s letter we take a deeper look at volunteerism in America today and highlight the many ways people get involved and the benefits they often feel. We’d also like to share with you three examples of how the people of Covington give a little back.
Blocking and Tackling - Blockchain is a real technology that may emerge as the transformative backbone of record keeping for industries ranging from healthcare, to transportation, to financials. In this letter, we’ll skip over the hype and take a closer look at the technology and what it means for real investing in the future.