August 2019 Commentary: Experiences and InsightSubmitted by MidWestOne Investment Services on August 21st, 2019
I am traveling back from an LPL conference, but more on that later. August is National Golf Month. As many of you know, golf was my “other” career and I have spent a lot of time over the last 40 years trying to master the challenging hobby. I enjoy giving back to the game, and I will get an opportunity to do that this coming week. Cedar Rapids Country Club plays host to a USGA event, bringing the US Senior Women’s Amateur to Iowa. I am privileged to get to caddy for one of the best 132 players in the country. Hope we bring home a national title!
The LPL conference is always an enlightening experience. In the coming months, we will get many new tools to deliver a better client experience to you. From a cool new app to behind the scenes improvements that allow us to deliver better service, we will have many opportunities to deliver more value to you. We look forward to introducing these enhancements to you as they become available.
And as always, there was some insight from the LPL Research team. They believe we still have some growth potential in 2019 and they put odds of recession around 30% in 2020. We have many question marks that could effect that, from a President that enjoys social media to tariffs to interest rates to the many things we can’t see or predict. Ultimately, that’s why we build a plan with the goal of taking an appropriate amount of risk with a proper allocation of assets. As I mentioned recently in another email, with markets at all-time highs, this is a great time to review your plan and ensure you are taking risk you are comfortable with. Much like golf, we can never “master” your financial plan, so we keep reviewing it and working to reach your goals in the best possible score.
Thank you very much for your support. We are humbled that you allow us to be a part of your financial team.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss. This material may contain forward looking statements and projections; there are no guarantees that these results will be achieved. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.