Passing Along Wisdom | The Worst Month

Money Scripts for My Kids

I have a lot of respect for the philosophies and values from bestselling author, Morgan Housel. After reading his honest and heartfelt letters to his newborn son and daughter, I decided to document my own version:

Money Scripts for my Kids

Morgan’s line still gets me every time I read it, “You might think you want an expensive car, a fancy watch, and a huge house. But I’m telling you, you don’t. What you want is respect and admiration from other people.”

Maybe Morgan’s or my writing inspires a few readers to document their own truth and share it with their family. Get your typewriters out!

Reasons to love and hate September: While certain pockets of the internet explode with excitement over the start of Pumpkin Spice Latte season, investors can lower expectations. The markets do not like September. And before you ask, no, we aren’t going to explore a new investment strategy that only invests in July and November! 😉

The Financial Entertainment Complex loves to talk about the long-term average of the S&P500, but did you know:

And history shows investors, there are more positive years than negative years:

It’s that time of year: Watch for the emails from HR regarding your 401(k) contributions. You may be getting close to maxing out. However, if your 401(k) contributions are close to stopping, don’t just stockpile cash in bank accounts. You can contribute money to your brokerage account. Brokerage accounts can still be highly tax efficient. And long-term capital gains rates can be favorable:

What we are watching: If you like documentaries, check out “The Quilters” on Netflix. It’s a story of service, new skills, and redemption from a maximum-security prison. Watch the trailer.

*The views expressed represent the opinions of Compass Ion Advisors, LLC, as of the date noted and are subject to change. These views are not intended as a forecast, a guarantee of future results, an investment recommendation, or an offer to buy or sell any securities. The information provided is of a general nature and should not be construed as investment advice or to provide any investment, tax, financial, or legal advice or service to any person. The information contained has been compiled from sources deemed reliable, yet accuracy is not guaranteed.

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