Anyone who knows me can tell you that I am a child of the 70’s and fan of the Doobie Brothers – especially my wife who is not a fan. The Doobie Brothers have been playing off and on, and in one form or another since 1970. 45 years! And, as far as 70’s Rock Bands are concerned, they and others are still out on tour and some, like the Doobie Brothers, still recording new music.
What does this have to do with Wealth Management or Investing? Well, like the stock market, the Doobie Brothers have had their ups and downs but they are still there and they continue to earn. Also, some original members have moved on or, sadly, passed away, to be replaced with new folks but, at their core, they are still the Doobie Brothers.
Indices (like the S&P 500 below) are re-constituted. Portfolios are re-balanced. Other things remain the same.
I was drawn down memory lane for today’s post by an article written by BAM Alliance Director of Research, Larry Swedroe, who writes, “Tune Out The Noise.” Or, as I like to put it, Listen To The Music, Not The News.