Mitre Wealth Management

The money you save may matter less than the memories you never made. Clients often need help spending on purpose, not just saving on purpose. This sketch gives Real Financial Advisors a simple way… | Carl Richards | 17 comments The money you save may matter less than the memories you never made. Clients often need help spending on purpose, not just saving on purpose. This sketch gives Real Financial Advisors a simple way to talk about that. Put it in front of a client and ask: 👉 “What experience with people you love w...

A trillion dollars is one of those numbers that's easy to say and almost impossible to picture. Spend a dollar a second and you'd need over 31,000 years to get through it. Stack it in $100 bills and the pile reaches past the edge of space. Yet "trillion" has quietly become the unit we now measure markets in - index giants, the latest mega-cap to cross the line. The charts below put some of that scale in perspective.

The 17% gain in the S&P 500 over the last 8 weeks is the 20th biggest 8-week gain for the index since 1950. S&P 500 earnings per share far exceeded expectations in Q1 (+28% YoY vs. +13% estimate heading in) and are now expected to increase by 23% this year.

Aristotle once wrote: “Well begun is half done.”

He was talking about getting the fundamentals right before anything else. The same applies to money.

You should only have to build wealth once.

After that, your job is to protect it and grow it.

That makes wealth building one of the most worthwhile games you can play. Because the rewards of playing it right will last a lifetime.

Chart of the Week