Memorial Day Reflections

Posted by Brad McMillan, CFA, CAIA, MAI

Find me on:

This entry was posted on May 27, 2016 2:40:55 PM

and tagged Commentary

Leave a comment

memorial dayI’ve been struggling all morning, trying to decide what to write today. I could talk about oil prices. I could talk about the relationship between consumer confidence and wage growth (not as strong as you’d think). I could talk about the real risks we face as investors and what we should be worrying about.

I could talk about all of these things, and I will. But not today.

Today is the day we prepare for Memorial Day. Some would call this the start of summer, a beach weekend, and it is that. But let’s also remember just why we're able to enjoy the life we do, and why we have the luxury of worrying about our investments and our weekends. We owe that to the men and women who paid the highest price to preserve our freedom to do as we choose.

I’ve written many times about gratitude and my practice of writing down, every day, three things for which I am grateful. Today and this weekend, my list will include our military and service members, past and present.

Thank you for your service. Thank you for your sacrifices. Thanks to your families for their sacrifices. You stand apart from most citizens to defend the country against those who would harm it. You place my freedoms above your own lives. Everything I have, in some measure, I owe to you.

This is an election season, and as usual, there's no shortage of politicians crying out how important they are and how “real” Americans agree only with them. This is the surface noise of a democracy, but its core is the people who live it every day. Service members are the backbone on which everything else depends.

Over the past several weeks, I have been privileged to visit two aircraft carriers, the USS Yorktown and the USS Midway, and to talk with the docents there, many of whom served on those ships and others. Bob, my guide on the Midway, spent 30 years in the Navy and was a wonderful advertisement for just how good our service members really are. Seeing those ships, and hearing the stories of young men and women at war, brings home just how fortunate we are that they were willing to step up when needed.

We'll return next week to the usual economic and financial commentary. Today, though, I will remember everyone who has served our country, and say a quiet thank-you for everything they have helped preserve for me and, more important, for my son.

Not least among those veterans is my father. Thanks, Dad.

Subscribe via E-mail

New call-to-action
Crash-Test Investing
Commonwealth Independent Advisor

Hot Topics

Have a Question?

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 into an index.

The MSCI EAFE Index (Europe, Australasia, Far East) 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.  

Third party links are provided to you as a courtesy. We make no representation as to the completeness or accuracy of information provided at 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®