The latest news, articles and insights from Financial Poise.
Thursday, June 16, 2022
It may be time to go to work...
Given that the Federal Reserve is actively working to slow down the economy by raising interest rates, which means some businesses will suffer (if you’re not aware or don’t understand, check out last week’s newsletter). That, in turn, means unemployment will rise and that, in turn, means that the balance of power in the job market will start to shift back to employers. So, if you’ve been telecommuting more than your boss may like, now might be a good time to do less of that. Signs that the Federal Reserve’s efforts are already having an effect are everywhere. Case in point: yesterday’s Wall Street Journal article, More Companies Start to Rescind Job Offers.
Past performance is not indicative of future results
This is a pretty common phrase used by mutual funds and other investment companies in the prospectuses they share with potential investors. Why? Because the SEC requires it. Here’s the thing: that phrase is not just true of any particular mutual fund or other investment company. Rather, it is true of the entire stock market. And it is for that reason millions of investors may be saving way too much or way too little for retirement. This is a concept you must understand if you care about having enough money in retirement. David Blanchett and Michael Finke wrote a very fine article on the subject: The False Promise of U.S. Historical Returns. Kiplinger’s has a good article on the subject as well, though it is older: Don't Bet Your Retirement on Monte Carlo Models.
Your business has a budget for marketing, but is it hitting its target? Targeted sales and marketing activities will allow your business to grow a customer-centric mindset which, in turn, will help serve you current customers and find new ones that will benefit from what you do or sell. Read Targeted Sales and Marketing Activities Should Drive Your Company’s Business Growth by Scott Steer to help guide your business to the right mindset and strategies for marketing success.
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