Client's Corner by Nick Murray

“The stock market is a device for transferring money from the impatient to the patient.” —Warren Buffett

WITH THAT BIT OF TIMELESS WISDOM FROM THE SAGE of Omaha ringing in our ears, let us consider some findings from a recently completed study by one of our country’s oldest financial institutions.

Northwestern Mutual Life Insurance Company (founded 1857) has for the last 18 years conducted a study that, in the company’s words, “explores U.S. adults’ attitudes and behaviors toward money, financial decision-making, and the broader issues impacting people’s long-term financial security.” Among the more interesting findings of the recently released 2026 edition of this exercise were the following: 

• About 39% of Americans say they are investing or considering investing in high-risk assets such as cryptocurrencies, options, prediction markets, sports betting or
  meme stocks.
• Among the investors drawn to speculative assets, 73% say they are doing so because they feel financially behind and believe those investments could help them reach their
  goals faster than traditional approaches.
• That sentiment is particularly strong among younger generations. Roughly 80% of Gen Z investors who are considering speculative assets say they are motivated by the feeling
  that they need to accelerate their wealth-building efforts.

To me, this is the stuff of potential tragedy. Let me explain.....

(click here to view the article).

Midterm Elections Haven't Radically Changed Economic Growth

Midterm election season is ramping up, with candidates from across the political spectrum claiming that their party will be best for the economy. But what does history tell us about markets and the economy under different configurations of government? Here are four things investors need to know.

(click here to read the article).

All That Matters: Hype & Hidden Risk

There’s no shortage of high‑profile headlines right now –  from SpaceX’s record-breaking IPO to growing concerns around private credit and the rapid rise of prediction markets. In this edition of All That Matters, Mike and Ross answer real client questions and focus on how investors can think clearly when the news cycle feels anything but calm.

(click here to view the video).

Odds & Ends

• In this piece, Morningstar highlights the upcoming challenges with the ability to have alternative investments in 401(k)s. Click here to read Alternatives in 401(k)s Are a Solution in Search of a Problem.
  
  
• A recent article from Human Progress highlights how often economic headlines focus on short‑term noise rather than long‑term improvements in global living standards, income, and innovation. It’s a helpful reminder to keep perspective—especially for long‑term investors—and you can read it here.

The Boosel Ringwala Group at Baird

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Alpharetta, GA 30022

(678) 762-3000

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