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Reflecting on 2019 - Our Top Ten

Reflecting on 2019 - Our Top Ten

| December 31, 2019
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Happy New Year!  2020 is here and it will be my 16th year serving clients' wishes, wants, and needs in the financial services industry.  Reflecting on my previous experiences, I would like to share my top 10 revelations in typical Dustin Brown style:

1) There is no such thing as a future fact.  It is important to remember this with our upcoming political seasons.  We may have a boom decade like the 1990s or a bust decade like the 2000s in our future.  I'll let you know in 2030's annual update.  In the meantime, your portfolio needs to be prepared for either outcome.

2) Short-term markets are volatile.  The logic behind them is often unclear until there is a meaningful period of time.  This is why we only invest long- term money.

3) The key to living intentionally is prioritizing wishes, wants and needs.  This is a process and takes practice.

4) It is okay to be wrong if you are diversified.

5) The recession is always coming in 18 months according to most economists.   Economists and industry leaders have been saying this for 3 years.

6) Health is more important then wealth, but extra money doesn't hurt.

7) The US economy is a global power house and very resilient.  Politics may slow it but are unlikely to stop it.

8) Not all great ideas are profitable ideas.  Beta Max was superior to VHS but failed all the same.

9) Trends and fads look and feel a lot alike, best not to count on either.

10) Your portfolio's primary purpose is to pay for your needs, wants, and wishes at the designated times.  The goal is not to beat any one index (the S&P 500 index is market cap. weighted and currently has over 20% in technology companies).

We wish you all a Happy New Year and look forward to serving you in 2020!

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