The Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law by President Trump on December 20th, 2019. It was done with little fanfare and was probably missed by many due to the holiday season. It is the most extensive retirement act since the Pension Protection Act of 2006.

The media often refers to “Smart Money”. I don’t know why. The “Smart Money” make some pretty poor decisions. Their identification of “smart” is misleading. Intelligence has very little to do with investment success. In fact, Warren Buffett said that once you have an average IQ, what sets apart successful investors is their ability to control the urges that influence us to make bad financial decisions.

Political outcomes seldom drive market movements (except in the short term).

“Far more money has been lost by investors…trying to anticipate corrections, than has been lost in corrections themselves.” - Peter Lynch

Adaptation is key not only in life but also when it comes to the everchanging economy. There will be a learning curve, but companies learn to adapt.