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According to Dr.

Hi, I’m RJ Devick, partner and CEO of Bond&Devick Wealth Partners.  I wanted to take the time to give everyone an update on the state of our firm.  I am sure you have noticed the number of changes we have experienced over the past few years. 

“I think herd mentality is a good thing overall. Because if every sheep had to figure out the velocity of the wolf and their personal risk, that would take forever.”  ~Neal Barnard

Herd Mentality

Investors diversify portfolios to help mitigate risk.  In addition, since the future is unknown, diversification can help provide investors with the opportunity to share in the appreciation of different asset classes without trying to guess which investments will outperform over the short-term.

The National Retail Federation projects Americans will spend over $12 billion dollars on Halloween this year, surpassing last year’s record of $10.6 billion.  Last fall, most economists and money managers were on the lookout for a recession in early 2023.  Instead, the economy has continued to grow.  In fact, growth has been incredibly strong with the US economy growing by

Looking for Cracks

“If rates continue to rise the way they’ve been rising, there will be a financial accident.  Something will break and that will get the Fed moving in the other direction,” said David Lebovitz of JP Morgan on October 2, 2023.

Looming over the country this weekend is a potential government shutdown. We have been here before, but the circumstances and obstacles are unique. The Senate passed a bill to keep the government running and the House has only until midnight this Saturday to approve a spending bill. If an agreement is not made, the federal government will shut down on Oct. 1^st.

August 9, 2023

I am sorry Dave, I’m afraid I can’t do that….

“The only way to stop the political outrage is not to play it.”  ~Carmine Savastano