Organized in the form of twelve districts, some key takeaways;
Leisure and hospitality employees increased by 59,000 where as health services headcount increased about the same, between ambulatory and hospitals added personnel. Financial activities, telecommunications and technology information topped off the list.
ADP non-farm payroll figures (three month rolling) predicts what the number might be and should be watched on a regular basis.
287,000 total additions: recent college grads enter the workforce by around 1.5 million, therefore anything annual in excess of job creation should put upward pressure on entry level jobs.
After two decades of working for others for a paycheck, I decided to follow the American dream. Quite frankly, it is less an American dream, than a ordinary dream of any person, which is to work for oneself.
I started STARS Partners in May 2016 because I believe there is a dearth of unbiased professional financial and investment advisers today. Most investment advisers are affiliated with one financial house or the other, and those that are independent are hard to find and it is even harder to find independent advisers who are worth the while. Generally speaking, most independent investment advisers are certainly not in a position to hand hold clients with limited means (< than $50,000 in assets under management).
I wrote the following for my own benefit: so that I could remind myself from time to time of what really matters:
Investing is hard, particularly if you would consider making a profession out of it. Every finance professional in the world likely considers himself or herself to be a good to great investor. And there are a large number of finance professionals…
Nevertheless, a good investor must necessarily have the following attributes:
Humility: the foresight to understand that not everything can be known or synthesized. Or what might be “known” is subject to change as change is all around us and things change by the minute
Self-Knowledge: what one’s strengths and weaknesses might be. And where might those strengths and weaknesses present themselves
Integrity: Acknowledge and learn from mistakes. Every one makes mistakes and the trick is make less mistakes than successful calls
Courage: The ability to risk appearing to be a fool since markets cannot be timed and will likely throw one for a loop, mistakes are likely to happen. But if there is conviction, one should not be shy.
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