The Independent Market Observer

Active Gratitude

Posted by Brad McMillan, CFA®, CFP®

Find me on:

This entry was posted on Sep 24, 2019 1:39:38 PM

and tagged Commentary

Leave a comment

gratitudeAs regular readers of this blog know, every so often I drop the economic and market coverage and write about something different, usually about gratitude and how important it is. Now seems like a good time to do just that, as I am out of the office speaking this week, and nothing is actively detonating (for the moment!). I also have something specific I’d like to talk about. This gratitude post will be a bit different, as we will focus on active gratitude: giving back.

Commonwealth gives back

Commonwealth’s National Conference starts next week. As always, we are putting on a giving-back event to help the local community. Also as always, this event is oversubscribed. Give-back events are always the first thing on the agenda to fill up, which is a true tribute to the Commonwealth community.

This year, we are also doing something relatively new, and it is something that everyone attending can contribute to. Veronica Bloom, wife of Commonwealth CEO Wayne Bloom and Commonwealth’s First Lady, has been running a book club at many of our conferences, known as COMMreads. Last year, she also started a give-back program in conjunction with COMMreads. The following is part of the communication that she sent to book club participants:

Continuing Commonwealth’s commitment to giving back, COMMreads: Commonwealth’s Guest Book Club, is partnering with Conscious Alliance to spread the joy of books and reading to children. Last year, COMMreads organized a book drive for the first time, and it was a great success, collecting more than 150 books for young readers in Austin, Texas. If you’d like to participate this year, simply pack a new copy of a favorite children’s or young adult book into your suitcase and bring it to the Book Club Luncheon. The Commonwealth Conferences and Events team and Conscious Alliance will help distribute your donations to young readers who may have limited access to books.

My wife, Nora, and I are buying a bunch of books for me to take down to the conference. She is making her purchases at a local bookstore, in conjunction with a literacy program at my son’s school, so everyone wins: the local store, the school, and especially the kids in Colorado. When we were talking about it the other night, we realized that many other conference attendees might want to do the same thing. So for those Commonwealth advisors who are attending this year’s National Conference, here is your chance. Bring new children’s or young adult books to the conference, and Commonwealth will do the rest. It’s simple, it’s easy, and it will have a real impact on the lives of children. Please consider it.

A core purpose

For my own gratitudes, I remain incredibly blessed to be a part of a company and a community that are so focused on giving back and doing the right thing. Part of our core purpose at Commonwealth is making a positive difference in the world, and this event is just one more example of that.

For the Commonwealth folks, I look forward to seeing you all next week. For the non-Commonwealth folks, I am sure there are local organizations that could use books as well. Conscious Alliance, named above, is one example, but I am sure there are others in your area. Any way you want to do it, one of the purest forms of gratitude is giving back. And I am proud that Commonwealth is a leader in that area, like in so many others.


Subscribe via Email

New call-to-action
Crash-Test Investing

Hot Topics



New Call-to-action

Conversations

Archives

see all

Subscribe


Disclosure

The information on this website is intended for informational/educational purposes only and should not be construed as investment advice, a solicitation, or a recommendation to buy or sell any security or investment product. Please contact your financial professional for more information specific to your situation.

Certain sections of this commentary contain forward-looking statements that are based on our reasonable expectations, estimates, projections, and assumptions. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Past performance is not indicative of future results. Diversification does not assure a profit or protect against loss in declining markets.

The S&P 500 Index is a broad-based measurement of changes in stock market conditions based on the average performance of 500 widely held common stocks. All indices are unmanaged and investors cannot invest directly in an index.

The MSCI EAFE (Europe, Australia, Far East) Index is a free float‐adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the U.S. and Canada. The MSCI EAFE Index consists of 21 developed market country indices.

One basis point (bp) is equal to 1/100th of 1 percent, or 0.01 percent.

The VIX (CBOE Volatility Index) measures the market’s expectation of 30-day volatility across a wide range of S&P 500 options.

The forward price-to-earnings (P/E) ratio divides the current share price of the index by its estimated future earnings.

Third-party links are provided to you as a courtesy. We make no representation as to the completeness or accuracy of information provided on these websites. Information on such sites, including third-party links contained within, should not be construed as an endorsement or adoption by Commonwealth of any kind. You should consult with a financial advisor regarding your specific situation.

Member FINRASIPC

Please review our Terms of Use

Commonwealth Financial Network®