April 2019 Commentary: The MastersSubmitted by MidWestOne Investment Services on April 17th, 2019
If you have ever kicked around on our website or had a conversation or two with me, you might know that before I became a financial advisor, I was in the golf business and spent years working in a golf shop as a golf professional. Keeping that background in mind, it won’t be terribly surprising what I chose to write about today.
This past weekend was the 83rd edition of the Masters Tournament. For me, it marks the beginning of spring and golf season. And this year’s addition was very exciting, with a star studded leaderboard and relative unknowns passing the lead back and forth on the back nine. In the end, Tiger Woods won his fifth green jacket. It was his first Masters win since 2005 and came an amazing 22 years after his first Masters win in 1997. While a big part of Tiger’s initial fall from the pinnacle was self-inflicted, recent years have seen his body breaking down and the very public ups and downs of rehab. As someone who went through a back surgery, it takes a lot of time to recover physically and mentally from the surgery, and my level of golf doesn’t even show up on Tiger’s radar!
But the moment that stuck with me more than any of the golf shots was the real emotion Woods showed when walking off the 18th green on Sunday. Woods’ children had probably heard stories of how great and powerful their father was on the golf course, but they weren’t old enough to have witnessed his best days. On this Sunday, they (along with Tiger and the rest of the Masters’ audience) were blessed to witness the playing revival of one of the best golfers of all-time. Whether this is the beginning of Tiger 2.0 or a late grab at glory like Jack Nicklaus did at the Masters in 1986, only time will tell but it was a fun Sunday of watching golf.
What in the world does this tangent have to do with financial planning? I often talk about preparing for something other than best case scenario. Even in the last ten years of positive stock markets, there are trying times, times that test your resolve. Like Tiger, we have all made bad investing decisions of our own making and we have made great decisions that weren’t rewarded by the market. Having a plan, having the discipline to stick to the plan, even when people are telling you all the reasons you are doing it wrong, that is what defines success in life or in financial planning. Not suggesting we abandon all common sense, but a positive mindset and clear focus on a goal can far outweigh minor imperfections.
I won’t leave you without something more directly business related. Please find Bob Doll’s 2019 predictions with a first quarter update. Enjoy!
Thank you very much for indulging me and enjoy the start of our great Spring!!
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.