Thoughts on a Summer Day
Thursday, August 18, 2016
I have agreed with myself to institute a total news blackout in my house until after the Presidential election this November. The parties' nominees have been confirmed and the election is taking shape. The tone has been awful so far. At some point, I can only hope that the nation has an honest debate on policies and priorities before Election Day.
When it comes to investing at least as far as the U.S. equity market is concerned, the S&P 500 Index and Dow Jones Industrials recently hit all-time highs. (The S&P 500 Index and the Dow Jones Industrial Index are unmanaged group of securities considered to be representative of the stock market in general. You cannot directly invest in the index.) Many are wondering how this could be? All you hear about is how slow the economy is growing combined with a large group of pessimists who continue to shout the sky is falling. Maybe the recovery is real and is being driven by innovation?
The dog days of summer are upon us and I thought it would be fun to reflect on the current status of my teenagers as they all move into college next week. I am sure many of you are going through the same process. I am hoping I don't see one of my triplets roll their eyes at me in the next 10 days telling me they are so ready to move out of "this" house! Yes, I laugh when they say that because I know the process they are just beginning as they approach the start of college.
First, let's be clear. They are so not ready to be on their own. I have four children attending college in the next 10 days. If you are a parent and your child is attending a four-year university you have found out how expensive college is as compared to our day, which was 30 years ago in my case.
I think in short time they may appreciate the environment they have had. Don't get me wrong, they are all good kids and I am very proud of each one of them. I just hope the best for them 4-5 years from now and pray they enjoy the next several years.
I have also had some extra time to spend with all my kids. Four of my five kids all get to vote this fall in a Presidential election for the first time. They are so excited about this year's choices! The kids have all been paying attention and they will at least have an election to remember for their first one.
It has been very enjoyable watching these four adults this summer. Don't believe all the hype about how today's kids will be the downfall of society. I am pretty psyched about how they will all be contributing to society in the next several years. I think our future is in good hands. Go spend some time with your kids before they go back to college.
My wife is also a teacher so her summer is coming to an end. She has already been to the classroom trying to get it ready for start of school while at the same time helping four young adults get ready and organized for college.
It will be different for our house in the fall. Change is never easy. Adjustments and comprises will always need to take place. My kids are going to find out that sharing a small place with a stranger for the next 9 months builds character. It will be a great experience for all of us.
In closing, thank goodness we still have a 12-year-old at home. It will be a much different discussion at the dinner table sharing only three stories about the day versus seven. Luckily we are not empty nesters yet! As always keep calm and carry on. Enjoy the rest of summer.