MFA Musings: 1/13/19
One infamous quote that I seem always remember is that there are two things in life that are certain, death and taxes. Let’s skip over the death side and on to the tax side. I was driving to our office Saturday morning to make sure the ‘biblical’ rains we were having were not finding their way into the office (thankfully, they were not). As I pulled up to a traffic light, the SUV next to me had a Municipal license plate. The SUV was a 2019 Cadillac Escalade, an SUV with a sticker price of over $70,000.
The luxury Municipal SUV bothered me enough to remember that the March 10th general election is coming soon. This presidential primary election struggles to achieve a 20% turn-out in most states. And, we are seeing a record number of millage requests being voted on. Please make sure you get an absentee ballot or vote in the primary to understand the taxes being levied.
On the business front, we see a test to the IPO process by another ‘unicorn’ as Casper filed for an IPO. Casper seems to have a ‘unique’ financial position that, to me, is similar to Uber and WeWork. A lot of losses and no clear path to financial success. Personally, I see 2020 as the year that profits become important again.
Contact your MFA advisor to discuss ways to grow profitability in a low yield environment. All of us at McQueen Financial are dedicated to your long-term success.
Have a great week!