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What are factors that affect inflation? What are some signs I should look for to anticipate inflation? | Quadruple Witching Caps 2 Down Weeks – But Markets Show Signs Of Life
Meet The Axiom®’s Guest Editor: Blaine Disrud, CFA®
I’m Blaine Disrud, and I am a Research Analyst and Trader at Annex Wealth Management.
I also work as part of the Annex Wealth Management Investment Committee, where we review market data, analyze economic conditions, and work on investing client portfolios to match their financial goals.
My wife and I have a four-month old daughter, whom is full of smiles. We enjoy hiking the many state parks with a goal to visit one National Park a year. When not hiking, I enjoy playing golf in the spring and summer, hunting in the fall, and getting on the ice for hockey in the winter.
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“I find the Axiom to be a great platform, not just for Annex clients but all who receive it. It allows everyone to see what the Annex Team has to offer.”
– Guest Editor: Blaine Disrud, CFA®
Trader/Research Analyst
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Quadruple Witching Caps 2 Down Weeks – But Markets Show Signs Of Life
What’s Quadruple Witching? And why is the upcoming FOMC report so impactful to the direction of the markets? Annex Wealth Management’s Dave Spano and Derek Felske discuss.
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So many possibilities, so little time.
Strengthen your brain and improve your shelves with books of every kind.
It turns out that there are approximately 136 million unique books in the world at last count, and with new books being published all the time, that number is sure to be higher today.[1]
If you read 4,716 books a day, you might be able to read the many millions throughout your whole life. But, if you can’t read four books a minute, then I guess you’re out of luck.
Fortunately, with that many choices, there are sure to be ones that will be interesting, and ones that won’t, so you can just chuck those like The Secret World of Slugs and Snails: Life in the Very Slow Lane by David George Gordon, which is literally a book about snails and not some catchy metaphor for how we need to slow down in our busy lives.[2] And if that does sound interesting to you, you could probably walk, not run, to your local book store and still find a copy or two.
We’ve all heard that reading is good for you. It’s good for your brain, for concentration, having dedicated focus time, and for eliminating distractions in our busy world. But, science also backs up these claims that your third grade teacher made when trying to get you to read the latest mini novel series for kids.
One study showed researchers how the brain functioned while reading a novel. Participants read a novel over 9 days and as the action and suspense increased in the story, MRI scans showed increased activity over more and more areas of the brain.[3] And with more stimulation of the signals and receptors in your brain, the stronger and more sophisticated the network of connections become.
Also, like something straight out of a comic book, consistent reading also helps develop the ability called “theory of the mind”.[4] This is the fancy name for exercising understanding of the emotions and beliefs of characters you read about. These skills can then help build and maintain real life relationships by using the same understanding for the people around you. Most people can agree these are essential skills to hone, and there might not be a better way to do it (okay, maybe we’re a little biased).
The beauty of having that many books in the world today is that there is bound to be an assortment for every single interest out there. It just takes some figuring out on what you like and don’t like. But for those who already know, consider collecting them. You can find all sorts of treasure out there, whether the world finds it valuable or just you do.
In 1994, Bill Gates purchased The Codex of Leicester, written by Leonardo da Vinci. The manuscript is written on linen and consists of da Vinci’s theories and observations about the world, like the movement of water, fossils, and the moon.[5] Adjusted for inflation today, Gates paid a whopping $54.4 million for the work, and it was his idea to scan some of the illustrations to use as desktop wallpapers for Windows 98 Plus. If da Vinci could only see where his Codex ended up!
Looking to add something interesting or unique to your library like Bill Gates was? Having a rare book or two may inspire you to read more often, and in most cases, it just looks good on your shelf. So, what makes a book rare? We’re glad you asked. Here are just a few things to consider:
Age and Imprint. If you get your hands on a first edition print, it may be rare, but it also might not be. Every book out there has a first edition, and many don’t make it to a second. If you have a first edition of a book that has gained popularity since originally published, you are crossing into the rare territory since most books have a small first print.[6] Age isn’t everything though, as even an old book can lose some rarity if it has flooded the market with copies whether old or new.
Scarcity. It stands to reason that with everything, people want what they can’t find. The same is true with books. The harder it is to find copies, especially older copies or first editions, the higher the ticket price for copies that do exist, and if it’s something people really want, they will do what it takes to get it. Even the difference between hardcover and paperback first editions can be thousands of dollars!
Importance. Value can be placed based on if the book has contributed to society in a meaningful way. Though this may be subjective from person to person, most people would probably agree that Shakespeare’s Macbeth probably contributes more to societies cultural advancement than the book about snails that we mentioned earlier, and therefore has more appeal to readers and increases demand.
Condition. Not surprisingly, a book that has no stains, water damage, or ripped binding or pages is worth much more than a book that hasn’t stood the test of time too well. Binding, page condition, and general wear are all considered when looking at the overall condition of a book as it’s being rated as rare and valuable. It’s not surprising to see books stored in glass cases or sleeves to keep even the room temperature and air conditions off the delicate pages and binding of old books.
So, now that you’ve got that rare and valuable book, even if it’s valuable only to you, it’s time to train your brain. Studies have found that people who read regularly, even starting at a young age, gradually develop a larger vocabulary which can help with school and career success, as well as an increase in “soft” skills like effective communication, which are highly sought after.[7]
Creating a space dedicated to the activity can also help your mind to focus on what you’re reading rather than any other distractions. Whether it’s behind a closed door, or your favorite comfy chair next to some good light, your mind and body will be able to settle into a beautiful book that will benefit both you and the quality of your library.
Though most of us don’t have the desire to spend millions of dollars on one single book or go hunting for first editions of classics, there are several places and formats to access books today that makes reading easier than ever before. Whether a hard copy or digital, having literature at your fingertips is a great way to activate your brain anywhere you go. With today’s access to online libraries and books, you can leave that rare copy safely at home, and read the story anywhere you go.
Happy reading!
[1] https://mybookcave.com/how-long-would-it-take-to-read-every-book-in-the-world/
[2] https://www.goodreads.com/book/show/9717438-the-secret-world-of-slugs-and-snails
[3] https://www.healthline.com/health/benefits-of-reading-books#strengthens-the-brain
[4] https://www.healthline.com/health/benefits-of-reading-books#increases-empathy
[5] https://www.workandmoney.com/s/most-expensive-books-ever-8b079afbcaf340e9#:~:text=Leonardo%20da%20Vinci’s%20Codex%20of,the%20luminosity%20of%20the%20moon.
[6] https://www.sothebys.com/en/articles/10-things-that-make-books-valuable
[7] https://www.healthline.com/health/benefits-of-reading-books#builds-vocabulary
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Poll: What Kind Of Football Fan Are You?
Football season is here, and luckily there are lots of ways to consume it. Are you a diehard NFL fan, fanatic college football buff, member of the high school football cheering section, or Madden addict?
Oops! We could not locate your form.
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We Put Our Money Where Our Heart Is
As a fee-only fiduciary, we redirect insurance sales commissions back to the Annex Charitable Foundation.
Since its inception, Annex Wealth Management has demonstrated a heart for supporting difference makers in local communities such as churches, schools, athletic clubs, women’s groups, and charitable organizations like Children’s Hospital of Wisconsin and The Vince Lombardi Cancer Foundation. The Annex Charitable Foundation, Inc. is our favorite way to show we are invested in our community and how we help care for those in it.
We put our money where our heart is. At Annex, we believe that insurance is an important part of a comprehensive financial plan, but as a fee-only fiduciary, if an Annex client purchases from a broker we recommend, all profits from those insurance sales go directly to the Annex Charitable Foundation to be given back to our local community.
The Annex Charitable Foundation, Inc. is a 501(c)(3) not-for-profit corporation operating exclusively for charitable purposes. Through the years, Annex Wealth Management has supported key charities and organizations that its board deems beneficial to our communities.
We have given more than $200,000 to our communities already, and our continued support helps over 70 organizations that add energy and vitality to the communities they serve and that also provide support to a variety of charitable needs.
This is just another way that we support difference makers.
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This week’s Ask Annex comes from Mary, who asks:
“What are factors that affect inflation? And what are some signs I should look for to anticipate inflation?”
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We asked Annex Wealth Management’s Todd Voit, PhD:
- Demand-side factors, including retail prices and commensurate.
- Supply-side factors, such as commodity prices, wages and other input costs.
- Money supply growth – money supplied to the economy and banking system through the Federal Reserve’s Open Market actions.
Todd Voit, PhD
Chief Investment Strategist
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