FMA Market Update – November 2015 Edition
November 30, 2015 | John J. Klobusicky CIO, CFA®, CAIA
The year 2015 is nearly in the books. Unfortunately but as expected, we had our share of tragedy: terrorism, police brutality, an immigration crisis in Europe, and aggressive jostling from certain leaders. There were triumphs too: Cuba and Myanmar opened up to democracy, the Supreme Court delivered landmark decisions, domestic energy producers found supply for decades, and (like it or not) the New England Patriots dominated even after being called out for sneaky tricks. The weight of the world aside, this holiday season we are grateful for our clients, friends, and families. The Japanese proverb “luck exists in the leftovers for others,” reminds us that cultivating a generous disposition is scientifically proven to reduce stress, improve mental clarity, and increase patience. So, we will keep things light this month and share some basic financial wisdom to benefit the different generations getting together. For the generation approaching retirement, there can be concerns about having adequate savings, but some calculations put this in perspective.