Dear Friends,

2017 has come and gone, and we have 361 remaining days in 2018.

While we prefer not to recap the entire last 12 months, it is always fun to take a look back on what has happened more recently, over the last two weeks:

  • There were more than 5MM internet searches tracking Santa Claus on Christmas Eve via the NORAD website.
  • RIP Rose Marie, the Hollywood and The Dick Van Dyke Show star who appeared in 629 (!) The Hollywood Squares episodes.
  • The Times Square Waterford Crystal ball drop occurred for the 108th time in a frigid NYC, marking the beginning of 2018.
  • #4 Alabama won the Sugar Bowl and #3 Georgia won the Rose Bowl on New Year's Day, with both teams set to face off for college football's National Championship on Monday, 1/8.
  • Logan Paul uploaded an extremely controversial video to YouTube.
  • Beyoncé, the Weeknd and Eminem headline Coachella 2018.
  • We all still have a chance (!), as there was NOT a Powerball jackpot winner on Wednesday (the jackpot now stands at $950 million, call us when you win).
  • Donald Trump breaks with "Sloppy Steve" Bannon, saying Bannon has 'lost his mind' after excerpts from Michael Wolff's new book went public.
  • Bone-chilling winter temperatures occur throughout the country (except here in Sacramento).
  • A 4.4 earthquake occurred in the Bay area yesterday.

By virtually any measure, 2017 was a very good year for the financial markets, with the S&P 500 advancing 21.8%, the Dow Jones Industrial Average advancing 24.4%, and the NASDAQ returning 27.2%. However, with that being said, we quote Warren Buffett:

As the calendar turned to 2018, finding an "expert" happy to offer a sound bite in making a prediction about what the year ahead will hold for the stock market and/or the economy was as easy as shooting fish in a barrel. The fact is, so-called experts and pundits are as wrong as they are right with their predictions about the future (EXPERTS ARE ALMOST ALWAYS WRONG - CLICK HERE), and one should take great heed in following these prognostications. Making the prediction is obviously the easy part, but being consistently accurate is obviously much more difficult.

Along the same vein, a common question we have been asked lately is our opinion of what 2018 will hold. And while we maintain a general sense of cautious optimism, we have just as large of a dose of humility in our ability to accurately predict the future. What is predictable is our steadfastness in our preference to invest our energy, along with our clients, into managing variables we do have some degree of control over: risk, diversification, income taxes, investment expenses, savings rates, and retirement dates. As the banner on the Towerpoint Wealth website says, we cannot control the wind, but we can direct the sail.

With all of that being said, we encourage you to take three or four minutes to review the curated content found below, highlighted by:

  • The just-released December edition of Towerpoint Wealth's market commentary, entitled “Then No Planets Strike
  • Before all of the tickets are taken, we invite you to RSVP for our next L&L educational workshop, Residential Real Estate Investing, on January 18th:

Please also be sure to look for a special announcement email from us next Friday, as we look forward to formally announcing a few significant improvements that will further enhance our comprehensive service offering to Towerpoint Wealth clients.

The world continues to become a more complicated, twisted, and confusing place, and we encourage you to call (916-405-9140) email ( or Tweet (@twrpointwealth) us with any concerns, questions, or needs you have - we are here for you, and look forward to connecting with, helping, and being a direct, independent, and no-strings-attached expert financial resource for each of you.

- Joseph and the Towerpoint Wealth team

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