Good morning & happy Monday!
“There are no constraints on the human mind, no walls around the human spirit, no barriers to our progress except those we ourselves erect.”
– Ronald Regan, 40th president of the United States
My friends, I would like for you to think back roughly 20 years … Christmas of 2002.
If you are like me, that does not sound like too long ago. I still listen to many of the same songs I listened to then. I still enjoy many of the same movies I watched then. Heck, I think I have same of the same socks I had then. 😉
But you know what didn’t exist 20 years ago?
iPhone
YouTube
TikTok
Android
Bitcoin
Tesla
iPad
Gmail
Netflix streaming
Amazon Prime
Slack
Etsy
Messenger
Google Maps
Snapchat
Chrome
Zoom
Skype
Spotify
Airbnb
Uber
Just to name a few. 😉
Wow, it’s a completely different world!
In the year I was born (1980) the top 10 companies in the Fortune 500 list (highest revenues) were:
- Exxon Mobile
- General Motors
- Mobile
- Ford Motors
- Texaco
- Chevron Texaco
- Gulf Oil
- Intl. Business Machines (IBM)
- General Electric
- Amoco
FORTUNE 500: 1980 Archive Full List 1-100 (cnn.com)
In 2022 the top 10 companies according to the Fortune 500 were:
- Walmart
- Amazon
- Apple
- CVS Health
- UnitedHealth Group
- Exxon Mobile
- Berkshire Hathaway
- Alphabet (Google)
- McKesson
- AmerisourceBergen
It is a changing world.
When I was growing up some of the staple businesses were Sears and Eastman Kodak. Where are they today? Well, Sears no longer exists and according to www.companiesmarketcap.com Eastman Kodak has a market cap of $0.28 billion putting it a number 5,987th place of the most valuable companies in the world (Eastman Kodak Company (KODK) – Market capitalization (companiesmarketcap.com)).
The investing world is not static … and it’s most certainly not boring 😊. Tomorrow will be different than today, which is different than yesterday.
Please know that at Intentional Wealth we are constantly learning, reading, studying, and evaluating our investment strategy and will continue to work as hard as possible to provide you the best service, guidance, and advice we can.
We are exceptionally honored to help navigate these investment waters with you. Please never hesitate to give us a call or shoot us an email with any questions / thoughts.
Also, I am excited to announce that Carissa Ellerd has joined our Intentional Wealth family in an administrative support role. Her first day was February 1st and I know she looks forward to meeting you. Please extend a warm welcome to her when you have a chance to meet.
Make it a great week ahead!