Unless you’ve given up on your career or feel that you have plateaued, the idea of getting promoted remains a driving force behind your day-to-day performance. Conventional wisdom and some empirical data suggest that the first ninety days in a new job are critical in determining if you are going to experience a ‘hard or soft landing’. One arrives at a new place without the benefit of what I call ‘relationship equity’. Relationship equity is the value that comes from knowing and working with others. The problem is that ‘relationship equity’ does not transfer to your next company–you earn it. Again, per research, you have 90 days to start building this type of equity with your new colleagues. In addition to building relationship equity, figuring out how to efficiently transition from the old job to the new one is critical. Regardless of whether the promotion is internal or to another company, the crucial question is “Whose job are you working on?” Unless you’ve given up on your career or feel that you have plateaued, the idea of getting promoted remains a driving force behind your day-to-day performance. Conventional wisdom and some empirical data suggest that the first ninety days in a new job are critical in determining if you are going to experience a ‘hard or soft landing’. One arrives at a new place without the benefit of what I call ‘relationship equity’. Relationship equity is the value that comes from knowing and working with others. The problem is that ‘relationship equity’ does not transfer to your next company–you earn it. Again, per research, you have 90 days to start building this type of equity with your new colleagues. In addition to building relationship equity, figuring out how to efficiently transition from the old job to the new one is critical. Regardless of whether the promotion is internal or to another company, the crucial question is “Whose job are you working on?”

A Case For A Bull Market In 2020 What if the optimists are right? What if the glass is half full? Although no one can predict the next move in stocks, and you don’t want to bet your retirement on it, it’s not hard to see the case for a bull market in 2020 — even after a spectacular year for stocks in 2019. The Standard & Poor’s 500 index historically trades at a market multiple of 16 to 18 times its expected earnings. Put another way, the average share in the S&P 500 historically is priced at between 16 and 18 times every dollar of profit per share it’s expected to earn in the next year. Lately the price of the S&P 500 has been trading above the normal valuation band, at about 19 times expected earnings. Normally that would be a sign of overvaluation, but what if the market multiple continues to expand? The Standard & Poor’s 500 index historically trades at a market multiple of 16 to 18 times its expected earnings. Put another way, the average share in the S&P 500 historically is priced at between 16 and 18 times every dollar of profit per share it’s expected to earn in the next year. Lately the price of the S&P 500 has been trading above the normal valuation band, at about 19 times expected earnings. Normally that would be a sign of overvaluation, but what if the market multiple continues to expand? The latest economic data from The Conference Board on the leading economic indicators, the Census Bureau on housing starts, and the Bureau of Economic Analysis on real disposable income all confirmed The Wall Street Journal’s most recent consensus forecast of economists for an expected growth rate of just under 2% for the next five quarters and the S&P 500 index once again broke all-time high price records on the news. While you never make financial plans based on things going right, sometimes the glass indeed is half-full. Please contact us with any questions fulbrightteam@moneyful.com or to set up a meeting, and don't hesitate to share this video with people who might benefit from our work.

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What do you do when your life takes an unexpected turn for the worse? Where can you turn when everything you have worked for comes crashing down and your title no longer serves as your identity? You find your reputation that you have built over a couple decades being damage by false accusations by the legal and licensing systems. Joining us for our discussion Sudden Career Change is Dr. Jarret R. Patton who is calling in from his PA office. Jarret R. Patton better known as Dr. Jarret. He is a pediatrician with nearly 20 years of experience, spent his clinical career taking care of children in an urban clinic and his administrative career as a top physician executive in eastern Pennsylvania.

Can You Spot The Hidden Trend? Can you spot the hidden trend? A major demographic trend that is driving the U.S. economy and financial markets is right here in front of your eyes, but it’s not so easy to see without a trained eye. If you knew what to look for, you’d see that China, Japan, Germany, and other major economies are grappling with a decline in their working-age population in the decades ahead, while the U.S. working-age population is expected to grow. Since growth in the size of the labor force is one of the two determinants in economic growth, it’s a key fundamental factor that will shape the future of financial markets. With the working age population stalling, Europe’s economic growth is sluggish. To stimulate the economy, Germany’s central bank has pushed lending rates into negative territory, which is unprecedented. Germany is the world’s second largest issuer of government-backed bonds and its action has depressed interest rates on U.S. Treasury Bonds. While the demographic trend is hidden in plain sight, it’s set to shape growth in major economies across the globe for the decades ahead, and it means low interest rate conditions could persist for years. No one can predict the next move in the stock market, but demographics are fairly stable and predictable. This is an important trend. Be sure your strategic investment plan — especially, your portfolio’s allocation to bonds — is in sync with this key fundamental. Please contact us with any questions fulbrightteam@moneyful.com or to set up a meeting, and don't hesitate to share this video with people who might benefit from our work.

“With backgrounds in design thinking and software engineering, the founders of Airbnb (Brian Chesky, Joe Gebbia, and Nathan Blecharczyk) leveraged technologyto develop a web based user interface that made finding, selecting, and booking travel easier. In the process, they also made it easy for homeowners to earn extra income, whether that be through renting a second home or simply listing a spare bedroom. In one decade, Airbnb transformed what it means to go on vacation. The homeshare juggernaut turns homeowners into hosts, guest rooms into cash cows, and overnight stays into dynamic encounters and lasting friendships. Its very name has become synonymous with finding unique short-term stays anywhere in theworld, enjoying great services and hospitality, and having amazing experiences. Airbnb is a noun, a verb, an adjective, and a movement — and the rest of the industry simply can’t keep up. But competition isn’t what defines this phenom of the sharing economy, community does. Its leaders blended innovative digital tools and a global village spirit to build unprecedented brand loyalty — at a time when most brands struggle to just stay visible.

Vision proves that all things are possible. Thousands of concepts that are common today were once considered utterly impossible, completely absurd, and unattainable. Imagine the laughter and mockery that you would have experienced 150 years ago if you discussed the idea of carrying multitudes of people across the globe in a metal shell with wings, traveling thousands of miles in only hours, or talking to someone from a great distance with a handheld wireless device. There are so many great discoveries and inventions that are not that impressive today, because we have learned to look beyond. Those are just glimpses of what vision is capable of achieving. Clearly the successes that are going to exist tomorrow are not seen today, but someone’s vision will bring them into play. Why not yours? Joining us for our discussion You Can Achieve Anything is Thomas W. Jones who is calling in from his Stamford, CT office. Thomas W. Jones is founder and senior partner of venture capital investment firm TWJ Capital LLC. He previously served as Chief Executive Officer of Global Investment Management at Citigroup; Vice Chairman, President and Chief Operating Officer at TIAA-CREF; and Senior Vice President and Treasurer at John Hancock Insurance Company. Jones received masters degrees from Cornell University and Boston University, and holds honorary doctoral degrees from Howard University, Pepperdine University, and College of New Rochelle. His latest book is From Willard Straight to Wall Street: A Memoir Welcome to Mastering Your Money, is Thomas W. Jones