- Merry Christmas to all.
- Happy New Year.
- May all your wishes come true.
I hope this letter finds you well. I’ve recently started writing a weekly blog on investing and this week I thought I would post my Christmas wish list for 2019. I hope that’s OK. Here are the 10 things I am wishing for this year.
- Please keep the so-called “experts” from predicting what the stock market will do today, tomorrow, or in 2019. I know it’s hard for you to grant this wish because there are so many boys and girls who are asking for their predictions to come true. Then again, I don’t expect that their wishes will be granted either. Which is why I wish the self-appointed experts would just stop!
- A common-sense budget plan for the federal government that begins to address the ever-growing federal deficit. I realize this is the job of the politicians in Washington, but they’ve failed miserably. Perhaps you should put coal in all of their stockings.
- The Milwaukee Brewers playing in the 2019 World Series. (Thank you for a great 2018 season!)
- A good night’s sleep for Federal Reserve Chairman Jerome Powell. If you think you’ve got a tough job, just take a look at the type of criticism this poor guy has been subject to recently. Even the top central banker deserves a break this holiday season.
- A halt to the seemingly never-ending rise in the cost of college tuition. I’m going to have three kids in college next year!
- A Brexit deal. This has dragged out almost as long as my wait for Green Bay Packers season tickets.
- An end to all of the unwarranted criticism of exchange traded funds. Low cost index ETFs are a terrific way to invest, but high-fee mutual fund promoters providers and commission-based investment hucksters advisors love to find fault with them because they cut into their bottom line.
- Courage for all those who are thinking they should sell stocks because the market has gone down recently. A major reason so many investors significantly underperform the market is that they mistakenly sell stocks after they’ve dropped, only to buy stocks again after prices have come back up.
- A Merry Christmas and a happy, healthy and prosperous new year for everyone who reads this post!
The Market Commentator