“You said it was your idea.”
Low glow orange blurred the winter horizon. The line picked up.
I ask the Edward Jones sales person if they sell stocks.
“What’s your fundamental analysis process for individual stocks?” Muffled sounds bumble the line while I put the phone down and stroll to the bathroom.
It comes as no surprise that interest rates are rising. Yellen’s out and Jerome Powell’s in and this new fed has already moved us up. And again we’ll go. Are you thinking CD rates, and money markets, and savings accounts were about to pop up? No.
Are you waiting for fixed income rates to rise? Are you expecting your CD to track the fed’s move in some zippy fashion yo? NO. Fixed income products prices are like gasoline. Gas prices tract up all snappy, and bled down like molasses.
Yeah, like that. Real wins are built over time–only a lot longer. Save the gas. Walk-off wins are for the movies.
Pop culture portrays financial victory like a lotto win. A single savvy insight or move and our protagonist is cashing out. Um hum. Hog wash. Money is a game of inches. Big wins happen yet small gains are the real character of stack building. Think percentages.
Real wins occur both over time and in smaller accretive wins–like taking profits. Such growth by gradual addition is the substance ow what is truly worked for. Hope isn’t a strategy. But compounding is.
Thanks for reading. Keep looking.