| As unlikely as the comparison might be, March Madness provides valuable lessons for investors. Following the pattern of years past, the 2024 edition of March Madness is filled with surprising events and outcomes. The tournament includes sixty-four teams, each with fewer than twelve players participating in each game. The information gathered from each player’s and team’s performance over the last four and a half months provides valuable insights for predicting likely outcomes. Yet, as we approach the Final Four, none of the twenty-two million brackets in the ESPN tournament challenge have successfully predicted the winners of every game. If you add the betting odds used by Las Vegas, you will find fewer successfully predicted winners. The over fifteen thousand companies listed in the stock markets worldwide make predicting the winners and losers in the stock market much more challenging than March Madness. Each of these publicly traded companies is much more complex than a team of twelve basketball players. These companies are involved in more than two teams competing over 40 minutes. So, what lesson does March Madness teach us about investing? Betting on companies to beat the market is costly and unlikely to succeed. What’s better? Broadly diversified portfolios are a good start. Using factors grounded in fundamental economic concepts to build diversified portfolios that systematically capture higher returns is better. Managing these portfolios with low transaction costs is best. If you want to learn more, please contact us: Contact Us Or, visit our website: Lifetime Legacy Services  Tax Planning: Navigating Your Financial Horizon In the Bay Area’s dynamic financial landscape, tax planning is not just a strategy; it’s an art. We specialize in crafting personalized tax plans that mitigate liabilities and maximize your financial potential. Our approach is meticulous, our solutions are innovative, and your peace of mind is non-negotiable. Let’s sculpt a tax strategy that aligns with your goals, protects your wealth, and puts more money back where it belongs – in your hands. Learn more about: Tax Planning Strategy Speaking Engagement Over the next few months, I am offering complimentary educational seminars with industry leaders for their clients or employees. A CPA firm we’ve engaged with recently has decided to utilize this opportunity as part of their ongoing education series for their clients. Join us in reviewing a presentation designed to help clients recognize the issues and feel confident with this strategy. Please let us know if you would like to arrange for a presentation or know others who want to expand what they know and provide to their clients. Contact us: Presentation, Webinar, Speaking Engagement Email: client.services@lifetimelegacyservices.com Have you read my book? “Investing 3.0” by Rick Raybin Rick Raybin, CEO & FounderRick Raybin, Managing Director of Lifetime Legacy Services, is a Certified Financial Planner™. Lifetime Legacy Services (LLS) is an independent, fee-only financial planning and advisory firm that focuses on putting the needs of its clients above all else. “This is my purpose in life.” – Rick Raybin Rick has been providing financial advice since he began his career as a CPA. In 2006 he launched LLS as Lifetime Capital Group, a Registered Investment Advisor. In 2017, he published “Investing 3.0: What the Creators of Index Funds Discovered and How to Profit from It”. Rick is passionate about serving his clients well and pursuing excellence in everything he does – from work to developing educational content for investors to spending time with his family and loved ones. About Rick Raybin Did you find this information helpful? If you know anyone you think might benefit from our advise and expertise, please feel free to forward this to them. Thank you! |
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