The Prudent Retiree - September 2019

“Vote for me and I’ll set you free.”

- “Ball of Confusion” by The Temptations

 I heard the song “Ball of Confusion” by The Temptations as I drove home from work yesterday. The song was released in 1970. As I listened to the lyrics, it was sadly apparent how little has changed in the past fifty years. The Temptations, giants of the Motown sound, were spot on with their cultural observations. Politicians promising free stuff. Politicians say more taxes will solve everything. Revolution, gun control, the sale of pills at an all time high. Fear in the air, tension everywhere, and the beat goes on. The world was a ball of confusion in 1970, it still is in 2019.

Those of us who first heard that song in 1970 aren’t surprised by today’s political chaos. Think of all the bills passed, all the money spent, all the lives lost. Fifty years ago the population explosion was going to end life as we know it. You can look that up. Today, climate change is the imminent threat. Yet, the band plays on.

 What’s the point? The Temptations released “Ball of Confusion” on May 7, 1970. The Dow Jones closed at 723.07. Yesterday, when I heard The Temptations, the Dow Jones closed at 27,177. The ten year treasury rate in May 1970 was 7.83%. Today, it’s 1.52%. Stay invested according to your risk profile. Vote for (your pick) and he or she will set you free.

 Here at Horseman Group, we strive to provide you with the highest possible level of customer service. Feel free to reach us at 314.692.7842 with any questions regarding your investments, risk management, or retirement. 

 Should you wish to be removed from this mailing list for any reason, please respond to this email with your request, and your name will be removed immediately.

Horseman Group – 3 CityPlace Drive - Suite 290 – St. Louis, MO 63141 – 314.692.7842 – www.horsemangroup.com

Securities and advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results.
Investing involves risk including loss of principal. No strategy assures success or protects against loss.