The Lowry Letter®

Week of 9/8/2022

Technically, the “dog days of summer” took place between July 3 and August 11. The rise of the star Sirius (the “Dog Star”) in proximity to our sun was believed to produce the hottest days of the year. The weather of the past few weeks in much of the country are putting the dog days to shame. We hope for cooler temps (and more positive markets) as we near the 4^th quarter of 2022.

One of the most important factors in upward economic mobility is inter-class connection. It is the most predictive component, according to research by Raj Chetty and others. The linked article does not mention it, but churches are one of the places that these connections are likely to occur.

This neat tool lets you enter your city and see how your home may have changed over 750 million years. Lowry Financial Advisors would have been an underwater destination for much of the last 150 million years.

Swimming pools in France are taxed by the national government. Recently, an artificial intelligence visual computer system discovered more than 20,000 undeclared pools, leading to higher tax revenues.

A Pennsylvania man has an emotional support alligator that sleeps in his bed. It’s less crazy than it sounds.

During a recent flight, we rewatched Spielberg’s 2005 version of War of the Worlds. It’s a pretty fantastic blend of action, horror, and suspense; good for a spooky night-in.

Q: I moved all my 401k funds to cash. I’m just worried about the economy. What should I do now?

A: We don’t recommend timing movement in and out of the market. It is simply too hard to correctly judge ideal exit and entry.

When we sell out completely, we may not be able to see a point where the risks we were seeing ever go away, so the buy signal you think you will recognize never appears.

So, first step is to hold the line in spite of challenges, as long as your goals and situation remain consistent.

But in this case, having sold, we recommend identifying a point in time, such as December or January, when you start to buy back into the market in installments. Be systematic and objective. Making a plan and sticking to it will help you get the better of emotion and sentiment. This matters because positive sentiment does not always correlate with a good time to buy.