March MadnessSubmitted by MidWestOne Investment Services on March 16th, 2018
This past week in Iowa has proven the adage, “If you don’t like the weather, just wait an hour.” That is a slight exaggeration, but we woke up Saturday morning in Des Moines to snow, a couple of early week yuck days, sunny but VERY windy yesterday, and nearly perfect today. Wind comes back tomorrow and snow in the forecast for the weekend. Love it (NOT)!!
No attachments this week, but I am going to steal some statistics from a post I put on our company website this morning. The NCAA basketball tournament, also known as March Madness gets rolling today with a ton of games. Warren Buffett is again offering $1 million per year for the rest of the picker’s life if they come up with the perfect bracket. The odds are long for that, with the best odds I found being 1 in 128 billion. I saw odds all the way out to the quadrillions, and I am not sure what that even means!
What you may ask, does any of this have to do with investing? Years ago, I stopped filling out a bracket because of the frustration it caused me to have done research, built what I thought was a solid bracket, and then had it blown up in the first weekend when some darling Cinderella knocked off my predicted national champion. Occasionally, that sort of thing happens to your financial plan as well. We draw up a beauty and figure there is no way this can go wrong. Then we have trade wars and tariffs, new regulations, or other unforeseen things throwing a wrench at our meticulous plan. The good news about your financial plan is we can evaluate the plan and decide what (if any) changes need to be made. My bracket was usually just blown up after evaluation