Sunday evening Travis Pastrana recreated and successfully completed three classic Evel Knievel motorcycle jumps. In fact, he made it look pretty easy, when compared to the original footage of Evel attempting the same feat. Was it easier? I don’t know, is jumping 16 buses instead of the 14 Evel jumped easier? Certainly modern technology had to help, everything from more modern suspension on the bike, to the quality specifications on the building of ramps-each had to contribute at least a small factor in making the feat more possible than 30+years ago. Yet a jump over the Caesars Palace Fountain is still a jump.
Is investing today easier than it was 30+ years ago? I believe the answer is similar. Yes, computer modeling and records, along with powerful data mining tools make research more accurate. Electronic trading vs. the old manual trading pits, the speed, the time, and the accuracy of trades and prices. Yet, investing for your goals still has not changed. The average investor still does not keep up with similar period S&P 500 returns. Part of the process is still mental and we as humans make decisions based on fact and feelings, not just data. That in itself may be good or bad, but it is true. However, we do know when a process is put into place the likelihood of achieving a successful outcome goes up significantly. We can’t help you calculate or complete a motorcycle jump, but we can help develop and preserve your legacy. Having a solid financial legacy allows you to create those events and family memories which become your real legacy. They might even include a visit to the fountain at Caesars Palace.
Have a great week.
*Investors cannot invest directly in indexes. The performance of any index is not indicative of the performance of any investment and does not take into account the effects of inflation and the fees and expenses associated with investing.