BREAK IN – After multiple inqueries this week regarding missing or delayed refunds, then a field touch of Tax Professionals and other expected refunders we came to the comfortable conclusion there are delays.
Before we could get this to you, this yahoo finance story breaks, saying as many as 20% of all returns (35 million- yikes) may be delayed… wow- but good detective instincts by us!
So if you have a refund due, and it is late, don’t worry, the IRS is behind but will get to us eventually!
Branson Hits the Skies
Ya ya, a bunch of Billionaires racing to the skies… we get the negative, but you cannot take away the fact that Branson (Musk and Bezos in line too) took to the skies and was the first outer space self funded and self manned traveling vessel.
These things crash and explode… frequently… heck Branson did not even wear a helmet… cavalier, maybe…. ego driven…. maybe, accomplishment, for sure!
Crazy Billionaire…. Maybe!
Survey Results Preview
We have run into a terrific survey that we cannot believe. Over 8000 folks were surveyed across the globe with some startling results….
Planned on having it mid-week this week, but did not get Copyright clearing until later….
Look out next week, we cannot wait to review…. it may even be good enough for a Two Part Series… will see…
Trials and Tribulation of the Summer Tech Update
Literally the day we posted our initial announcement of our summer technology update on Friday…. Our WIFI at the office went out…
“Nothing to do with the update, we assure you!”
Ok, fine … Monday of the week found several of us no access to our contact information and email….
Luckily the cell and Ipad were working great UNTIL – Thursday.. Boom, down ….but fixed with a call to said IT folks…
If you happen to send an email to us and not receive a response, please resend, we MAY have not received it!
Next week fingers crossed for a smooth “Cut Over” (Techie term for new services)
Ahhhhhh…. but today is a Friday…. you guys know how much I like the summer sun, yep its hot, but that’s ok, enjoy your day, your weekend, and be sure to spend time with those special in your life if possible – talk next week!
Ohhh, and one more thing… it is a British Open Golf Weekend, where Golf will be available first thing in the AM for those who fancy such!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
Survey of Over 8000 Individual Investors Next 10 Year Investment Expectations – WRONG! – Natixis 2021 Survey
We recently ran across a very interesting survey. What caught our eye on this survey was the large number surveyed, 8550 individuals in over 24 countries, all with at least $100k of investments in Capital Markets.
The second item that caught our eyes, were some of the jaw dropping expectations of these investors. Thankfully, the survey is also given to professional investors and a neat comparison can easily be made!
Natixis Global Individual Investor Survey
Here in the 2021 Natixis Global Individual Investor Survey, some eye popping results caught our eye. As a side note there is a similar survey done with Institutional Survey as well.
The most recent survey found these collective individual investors expecting 13% returns over the next 10 years, ABOVE inflation….or a 14.5% total 10 year average!
We never make guarantee calls, as there are not any…. but we would find it EXTREMELY unlikely to meet these expectations. Not only that, but as you can see from the chart, the returns follow what we call “Rear View Mirror Forecasting” which is using the most recent past to forecast the future … rather than using true forecasting techniques.
Another concern arising from this information is with this expectation a possible under saving for the future and too low of risk expectations that may be inferred with these results.
Comparing the Individual versus the professional expectation of the next 10 years of returns, comes up with a very large variance.
Professional investors are expecting a much more reasonable 5.3% return. Clearly professionals are not using “Rear View Mirror Forecasting”
Individuals expect 13% over inflation for the next 10 years with Professionals expecting 5.3% – while we wish individuals are correct, it’s very unrealistic … Pro’s are likely much more accurate!
We will code this one Forecast and look back in 10 years to see who was closer! Yep a 10 year lookback….
Let the clock start ticking!
Have a Great “Individual versus Pros Expectation” Day!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
jkfinancialinc
street-cents
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Posted in Forecast, General Financial Planning, Investing/Financial Planning, Market Comments, Retirement Planning
Tagged Investor Survey, Natixis, Natixis Investor Survey, Survey