03 ISSUE Efficient Frontier July –September 2016 WORDS OF WISDOM Benjamin Franklin “An investment in knowledge pays the best interest” Ralph Waldo Emerson “It is one of the most beautiful compensa- tions in life that no man can sincerely try to help another without helping him- self” Abraham Lincoln “Always bear in mind that your own reso- lution to succeed is more important than any one thing” THIS ISSUE Behold the Mighty Oxen P.1 Look Into My Crystal Ball P.2 Bring on the BBQ! P.3 Upcoming Events P.4 Behold the Mighty Oxen In the early to mid 1800’s there were approxi- mately 7 million people that took part in the westward expansion aſter the Louisiana Pur- chase. Most of them leſt with grand dreams of future prosperity. However, the road to that prosperity was known to be long and arduous. They had a very important decision to make when deciding to move west. Do I purchase a team of horses or oxen to pull our wagon full of belongings? The Horse was rather expensive, fast, and agile. However, they require a great deal of care to maintain and were prone to running off during the long journey. The Oxen were relavely inexpensive, strong, and dependa- ble. However, they were slow. The pioneers realized they would be in harsh, unpredicta- ble condions for a prolonged period of me with lile to no vegetaon. Most chose the Oxen. Much like those pioneers with dreams of future prosperity, we have a similar deci- sion to make. The global economy has been slowing down for the past year. The stock market is in the midst of a bull market (perfect for horses) that started in 2009 but has been showing signs of slowing as of late (not so good for horses). The journey ahead is fraught with uncertainty. Yet, I believe, much like those pioneers, that the future holds great prosperi- ty. Just as the pioneers chose the dependable oxen for their difficult journey westward, so too should we. The importance of finding investments that may be considered slow but dependable becomes more apparent during this stage of the journey. I menoned in previous pieces that the pri- mary ingredient for growth is innovaon. I firmly believe those innovaons are coming, and are awaing us on the next leg of our journey. Unl then, we should rely on our dependable oxen to slowly pull us toward our desnaon. Nevertheless, when those inno- vaons eventually come, they happen fast and require an agility in a changing world. Much like a horse... Ma
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03
I S S U E
Efficient Frontier J u l y – S e p t e m b e r
2 0 1 6
WORDS OF WISDOM
Benjamin Franklin
“An investment in
knowledge pays the
best interest”
Ralph Waldo
Emerson
“It is one of the most beautiful compensa-tions in life that no man can sincerely try to help another without helping him-self”
Abraham Lincoln
“Always bear in mind
that your own reso-
lution to succeed is
more important than
any one thing”
THIS ISSUE
Behold the Mighty Oxen P.1
Look Into My Crystal Ball P.2
Bring on the BBQ! P.3
Upcoming Events P.4
Behold the Mighty Oxen In the early to mid 1800’s there were approxi-
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Events
I f there i s some-
th ing in par t i cu la r
tha t ca tches your
eye, p lease do not
hesi ta te to reach
out to me . I am
ant ic ipa t ing tha t a
major i t y o f the
events w i l l reach
maximum capaci t y .
Efficient Frontier Issue 03 July-September 2016
The views expressed here reflect the views of Matthew R. LaPlant as of 6/31/2016. These views may change as market or other conditions change.
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Investment decisions should always be made based on an investor's specific financial needs, objectives, goals, time horizon and risk tolerance. Past
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