At our office and in our personal time, we like to sit back and reflect on the past year and look forward to the next. We think of ways that we can better ourselves, better our communities, better the world at large and make money for clients. Each December we write down goals that we wish to accomplish. We may only revisit those goals a handful of times throughout the following year, but by putting pen to paper we have taken the first step in completing them; we have made them tangible. Aside from our goals, we also like to review our hopes and what we would like to see happen in the world in the next 365 days.
Going in to 2013 we have a split Congress with Republicans controlling the House and Democrats controlling the Senate. With 2013 being a non-election year, Congress has the chance to do some real legislative good without politicians having the fear of losing a re-election bid on their collective conscience. That is our first hope for the year; that Congress can put political grandstanding and party loyalty aside to do what they were sent to Washington to do; govern their constituents to the best of their ability.
2012 was a better than expected year for the economy and our research tells us that 2013 is going to be even better yet. The bond market still poses some problems (see “Bubbling Bonds”), but the US economy on the whole is poised for a bull run going forward. With that being said, the markets need to return to a certain level of sanity. Far too often do we see the latest and greatest financial products hit the streets, whether they are mortgage backed securities or ETFs or any other high risk investments. Our next hope for 2013 is that investors on both Main Street and Wall Street can go back-to-basics and grow their wealth in a more traditional fashion.
Far too often today we, as a society, segment and divide ourselves; by race, social class, political party, who we voted for on American Idol, etc. Many of us can think of friends, family or coworkers who we have lost touched with or argued with over the most insignificant of things. Which leads us to our third hope for 2013; the hope that we can embrace our differences as positives, not negatives.
Last but not least, for 2013 we hope and pray for collective prosperity. While it is easy to focus solely on ourselves, we wish for prosperity for our neighbors as well. Prosperity takes many forms; monetary, personal fulfillment, etc. I like to synonymize prosperity with happiness. People find joy in everything from helping others to accruing wealth to travel to fitness to any number of things. Our hope for all of our readers is that they are able to prosper in the coming year and find happiness in whatever it is that they wish to do.
Until 2013, Godspeed and have a very Happy New Year.