In 2016, take a page from the Redskins’ playbook and try to sock as much money away as you can. You never know what’s going to happen. Then alternatively, think seriously about spending for play. You may just find yourself having more fun and spending less money as a result. Finally, think about the market environment for 2016; it may be challenging again as it was last year, according to Russ Koesterich of BlackRock.
Why the Redskins’ Players Are So Frugal. The surprise team of the 2016 NFL playoffs is comprised of highly compensated pros driving beat-up cars and sharing apartments. These are guys who take saving money to heart and try to live a frugal lifestyle as featured in this Wall Street Journal article. Click here to read the full article
Think Seriously about Spending for Play. Re-think your spending on leisure-time in 2016. Chances are, you’re not thinking enough about what activities make you the most happy. Be smarter about how you plan these activities and what you spend. You just may find yourself having more fun and spending less money as a result. Play opens the imagination and invigorates the soul, according to this New York Times article. Click here to read the full article
More of the Same in 2016, for Better or Worse. BlackRock Chief Investment Strategist Russ Koesterich discusses the outlook for 2016, which will offer challenges similar to the ones investors faced in 2015. Valuations on U.S. equities remain elevated by most measures. Profit margins are likely to remain under pressure as wages continually firm. In addition, should the dollar appreciate further, this will negatively affect companies dependent on exports. Click here to read the full article
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J. Mark Nickell & Co.
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