The Lowry Letter®

Week of 11/25/2019

We have much to be grateful for. We live in a prosperous time. Many of the dangers that were commonplace for our ancestors are far from our personal experience. We face other challenges they did not have to deal with, but as another Thanksgiving comes, we can’t help but feel that gratitude.

We are thankful for the trust and excellent relationships we enjoy with you. This week, some things to be thankful for.

We learned: a little more about racing history during the excellent Ford v. Ferrari. Just seeing what racing was like in the 60’s made us marvel about how technology has advanced and the many safety mechanisms that we enjoy today.

We think: that Social Security is in better shape than most might think. And its problems are fixable. Tyler Cowen explains why- something to be thankful for.

We read: a great quote by Albert Einstein: “There are only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is a miracle.”

We've been: amazed at how the US energy portfolio has changed over the past decade. As in the past, technology has led to improvements in fossil fuel extraction. It would be foolish to imagine that the same won’t happen for “clean energy,” like solar. This interesting new development in the storage and use of heat energy, if commercialized, could make a big difference.

We recommend: these tips about ways to avoid jet-lag. In an era where we can get across the country in a matter of hours, if this is our biggest challenge, we are fortunate indeed.

Q: I’m concerned that my kids aren’t learning enough about how to take care of money. Do you have any suggestions for how to start?

A: There are a number of good books that can be helpful to both parents and kids, including Raising Financially Fit Kids and Money Sense for Kids , both available through Amazon. We also thought this post had some good tips .

The bottom line is that kids need some real experience, with opportunities to fail, experience disappointment, and buyer’s remorse. They also need to learn the enjoyment that comes from successfully achieving a financial goal. As they grow, giving them more responsibility for discretionary items like clothing and entertainment will help them learn in a lower stakes environment.

Nothing beats real experience.

Advisory Services offered through Lowry Financial Advisors, Inc., a Registered Investment Adviser. Securities and additional advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Advisory services offered through Lowry Financial Advisors, Inc, are separate and unrelated to Commonwealth. Lowry Financial Advisors, Inc. is located at 12921 SW 1st Rd, Suite 215, Tioga, FL 32669. 352-333-7990

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