Tonight I hosted the 5th official call on our series of conference calls. We had 7 students on the line tonight. From our previous call, I asked them to research an “internet of thing” stock. We decided to buy Google stock. From that call until today, one of the students texted me several ideas on cyber security stocks that appeared very compelling.
Tonight I hosted the 4th official call. We had 8 students on the line and I jumped right into a market update. In addition to our usual indices update, I covered some important news from the week. The Bureau of Labor Statistics reported an underwhelming 20,000 new jobs for the February non-farm payroll report.
Tonight we had an important GDP number to review for the 4th quarter of 2018:
The US economy grew @ 2.6%, which beat the consensus estimate of 2.4%. Most importantly and contrary to many, the US economy was still in Quad 1 in the 4th quarter of this year. We had expected the data to confirm our QUAD 4 call. None of the students questioned the headline number. In my opinion, since the GDP number is subject to revisions, I expected the next report to show a number closer to 2.4%.
Weaver Consulting Group is delighted to announce that our managing partner, Jason Weaver, has been recognized in the Forbes Best-In-State Wealth Advisors List for 2019.
Tonight I hosted our 2nd official call and 8 out of the 10 students are on the line. We had a lot to cover so I jumped right into the market update. We went over the typical 5 data points: S&P 500 Index, Oil
Interest Rates, Dollar Index, and VIX.
Our 1st official call happens tonight. 9 out of the 10 students make the call tonight. So, that is encouraging. Tonight we struggled to get the students on the line. The homework I gave them was confusing. I asked them to listen to a replay of a recent investment call that my firm hosted. They had to dial in to a replay conference call number and were confusing that phone number with this one. We started late, but the students start texting each other to help get on the line.
As an investment advisor, I saw this as the perfect opportunity to start introducing investing to them. We started discussing stocks and they have been investing for the past 5 years. I didn’t want them to be discouraged early on, so I covered all of their losses. Soon enough, as they saw their account grow, I started to see the wheels turning.
Thank you to everyone who joined us for our Client Appreciation Brunch this year. We were glad the weather turned in our favor and are always grateful for the time we get to spend with you! Wishing you beautiful moments, treasured memories, and all the happiness this year.
This month we are participating in the 21 Days of Gratitude challenge. We will post a prompt or action each day that we will be completing as a team on our Facebook page. We invite you to join us this month as we reflect on what we are grateful for and spread thanks to those around us.
We are grateful to have had such perfect weather for our Fall Client Appreciation Event last Thursday. Thank you to all who came and enjoyed the evening with us. We always enjoy spending quality time with clients and friends. We’d also like to give a special thank you to Mike for taking these beautiful photos for us during the event.