Dear Towerpoint,

Hell literally froze over on Wednesday, as the thermometer read -7 degrees in Hell, Michigan.

And yet by tomorrow, Hell is forecasted to thaw and hit a high of 41 degrees.

Comparisons between the weather and the financial markets are almost too easy. Like the weather, the financial markets can often be volatile, uncomfortable, and next-to-impossible to predict. And like the weather, change comes fast in the markets.

2018 was the worst year for stocks in ten years, with the fourth quarter, and December in particular, being particularly brutal. The Dow Jones Industrial Average (DJIA) fell 5.6% for the year, dropping 8.7% just for the month of December, the worst December since 1931.

However, by yesterday's close, the DJIA was up 7.2%, it's best January since 1989, and is off to its seventh-best start to a year (after 21 trading days) of all time - quite a change from just a month earlier!

Do you see where we are headed with this? Time matters. With investing it is especially important, as it ultimately separates out shorter-term market "noise" from longer-term investment "signals." The challenge today is that many of us, as investors, are exposed to constant noise from cable news (little TV screens in elevators, anyone?) as well as mainstream and social media, all on a "must be filled" 24/7 news cycle. One of the most important responsibilities of financial advisors, fiduciaries, and stewards of wealth is to help investors stay focused on their longer-term financial plan and whether or not their investment plan is succeeding in helping them achieve their longer-term personal and financial objectives, and, like investing legends John Templeton and Warren Buffett, tune out this shorter-term noise.

We take pride that a big part of the success that many Towerpoint Wealth clients experience over time can be attributed to the coaching we do to help them manage their emotions, which helps them consistently make rational financial decisions. It only takes one or two poorly timed, off-the-cuff decisions to potentially derail a well thought out and achievable financial and investment plan and strategy. We have unfortunately witnessed it happen. And understanding that exhibiting discipline to consistently remain objective may seem simple, it is by no means easy.

Speaking of noise and the 24/7 news cycle, a lot has happened over the past two weeks:

Locally at Towerpoint Wealth, the build-out of our brand new space is finally complete. From launching the firm in a single-room office “bullpen” in May of 2017, we have come a very long way, are extremely pleased with our new digs, and couldn’t be prouder to call Suite 1060 at 500 Capitol Mall our new Sacramento home and headquarters.

Lastly, we encourage you to take three or four minutes to review the curated content found below, highlighted by:

  • Towerpoint Wealth's January, 2019 Monthly Market Lookback: Are We Having Fun Yet?
  • An excellent three-minute video with a 1Q, 2019 market and economic outlook, produced by our friends and partners at Dynasty Financial Partners.
  • A well-written article discussing the many considerations with changing residency out of California.

The fact remains: The world is a very complicated place, and we encourage you to call (916-405-9140), email (, or Tweet (@twrpointwealth) with any concerns, questions, or needs you have. We continue to be here for you, and look forward to connecting with, helping, and being a direct, fully independent, and objective expert financial resource for you.

- Joseph, Jonathan, and the entire Towerpoint Wealth team

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