Hello Again - There’s a couple of things I wanted to mention before the weekend. First, it seems to me that Oil/Energy related stocks are entering the early/middle part of their respective bull market. This means this group of stocks has been rising, and my expectation is that they will continue to rise. Not necessarily today, or tomorrow, or next week, but over the intermediate and long-term YES! Energy stocks were left for dead back in 2015 and then again in 2020. Literally, many of them had gone nowhere for close to 15 years. This was due to many structural forces such as the shale boom, OPEC over production, Covid, etc. But some of these forces have reversed, and now the economics are more favorable. The charts too clearly show this. We to abandoned energy for some time, but looking ahead I see potential for some very attractive long-term gains in that sector. This will be supportive of future gains in the broader markets as well. Next, our business model has evolved to better integrate investment management with financial planning, retirement planning, tax and estate considerations. In short, things are getting more complex. We have found that having two advisors assigned to the larger clients makes sense and works well. It means these clients get better service, a broader and better range of ideas, and a sense of continuity over the long-run. This is a good thing, and because most all of my personal clients are large and getting larger, we will keep assigning co-advisors to many of my clients. It simply means there will be two of us available to help. Any questions or concerns, please drop me a note back. What a lovely day here in MN. Wishing all of you a wonderful weekend! |
Oil Stocks New Bull Market & Joint Advisor Support
