Dear Towerpoint,


The Madness has begun! The label does not just apply to the hugely popular annual NCAA college basketball tournament, but also can be used to describe the continued drama within the White House as well as the suddenly volatile stock market.


The mathematicians tell us the odds of completing a perfect March Madness tournament bracket, in which the winner of all 63 games is correctly picked, are one in 9,223,372,036,854,775,808 (or one in 9.2 quintillion). It seems reasonable that those same odds may also apply to accurately predicting POTUS' next Tweet, or the direction of the next gyration of the financial markets. As Warren Buffett stated:


"We believe that according the name 'investors' to those who trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'"


As the S&P 500 fell for a fourth session yesterday (marking its worst string of losses so far this year), worries about an escalating trade war persisted, and overshadowed robust economic data. The potential for a global trade war, while still low, are probably better than one in 9.2 quintillion, especially after President Donald Trump said Wednesday his administration will seek to trim the U.S.'s trade deficit with China by $100 billion. The announcement follows comments the previous day that he wants to impose up to $60 billion in tariffs on Chinese goods.


What are investors supposed to do (or not do)? Firstly, accept that volatility and uncertainty are inevitable - it is the nature of the markets to move up and down over the short term. Develop a plan and strategy, specific to your circumstances, that you can be confident in and disciplined about following. Work to remain objective in your decision-making, understanding as human beings we are wired to be emotional (fear and greed). And partner with a financial advisor or wealth manager who applies their knowledge, planning, tools, counsel, and expertise to your unique personal and financial circumstances, one who has a fiduciary duty to you, legally required to act in your best interests.


Madness often seems to be an appropriate word to use when describing the world we live in, and the last two weeks have been eventful:

Lastly, we encourage you to take three or four minutes to review the curated content found below, highlighted by:

  • The just-released February edition of Towerpoint Wealth's market commentary, entitled, “If You Can Keep Your Head
  • Photos from Towerpoint Wealth's recent team-building event, at Dry Diggins Distillery in El Dorado Hills (follow us while you are visiting our FB page):

            https://www.facebook.com/TowerpointWealth/posts/2127252127494171

  • A "shout-out" from our new landlord about our big upcoming move into our brand new space and permanent offices on the 10th floor of 500 Capitol Mall (more info to follow!).
  • RSVP for our next Lunch & Learn, Tax-Free Investing, on April 10th:

            https://towerpointwealth.com/sacramento-wealth-in-the-spotlight/lunchandlearn/


The world is complicated. We encourage you to call (916-405-9140) email (info@towerpointwealth.com) 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, fully independent, and no-strings-attached expert financial resource for each of you.


- Joseph and the Towerpoint Wealth team

 
 
 
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