The Lowry Letter®

Week of 10/29/2019

We do enjoy Halloween, and hope that everyone has a safe and enjoyable experience. Fortunately, we would say that this year has had more treats than tricks (speaking of the market of course).

The fourth quarter is the ideal time to clean up. This includes making sure that required minimum distributions are completed and charitable contributions have been provided for. Please let us know if you have any questions about taking care of any of those items.

We learned: some interesting facts about tipping, thanks for a mountain of data from Uber.

We think: the message of this Saturday Night Live sketch is a good one. It’s a silly video, but it does relay a true principle about how happiness comes from personal improvement and effort, often incremental.

We read: some sharp commentary about how some financial firms do business. The author explains how her disabled sister was not well-served by one entity. A good reminder that these practices exist and may lead some to make bad financial choices.

We've been: longtime fans of Tyler Cowen’s podcast. This episode, with urban planner Alain Bertaud, was really interesting and made us think about the current state of the world’s cities.

We recommend: Ad Astra, starring Brad Pitt. We thought it was beautifully made with some really outstanding sequences. It is more drama than Sci-fi, and Pitt does an excellent job in the lead role.

Q: I hear a lot about private equity. Is that a better way to earn good returns?

A: Private equity is not necessarily better than participating in the public markets. As Brad McMillan explains, private equity investors don’t always make better choices and are subject to the same foibles as public investors. It’s a good post.

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

Lowry Financial Advisors is the only advisory firm that helps its clients reach their goals through The Achieving Simplicity® Experience™, providing clarity and confidence in their personal and financial lives.