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After a brief sell-off in the run-up to Donald Trump’s speech to global leaders at the World Economic Forum in Davos, Switzerland, on Wednesday, markets are up, after the president backed off earlier claims and ruled out using force to acquire Greenland. The Dow Jones Industrial Average was up 451 points, or about 1%, and the S&P 500 was up 67 points, also about 1%, in midday trading at the time of this writing. The Nasdaq was up about 0.7%. On the issue of acquiring Greenland, Trump said the following: We never asked for anything, and we never got anything . . . We probably wont get anything unless I decide to use excessive strength and force, where we would be, frankly, unstoppable.” “But I wont do that. Okay?” Trump continued. “Now everyones saying, Oh, good. Thats probably the biggest statement I made, because people thought I would use force. I dont have to use force. I dont want to use force. I wont use force. Trump has threatened to impose anywhere from 10% to 25% tariffs on our longtime European allies (the U.K., Denmark, Norway, Sweden, France, Germany, the Netherlands, and Finland) over their opposition to his push for Greenland, which had previously triggered a sell-off of U.S. assets, Axios reported. European nations own an estimated $8 trillion of U.S. bonds and equities. The 10-year Treasury price turned higher and its yield turned lower following Trumps comments. The U.S. dollar index pared its decline with other currencies. Although Trump backed off claims of U.S. military action in Greenland, he did double down on his plans to acquire Greenland, saying he was seeking immediate negotiations” to discuss the matter.
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How can you win love and loyalty from your customers, your employees, your fansand even the people in your life? Taylor Swift answered this question perfectly with just one word: Overdeliver. Overdelivering will impress your customers, create loyal employees and fans, and make all your relationships stronger. I wanted to overserve the fans in terms of the amount of songs that they were going to hear and how far I was going to push myself, she says in her new docuseries, The End of an Era. As you likely know, she made good on that plan. The Eras Tour show ran three-and-a-half hours, divided into 10 distinct eras covering different albums. Then she added another era partway through when she released The Tortured Poets Department. There were a few songs that changed every night, and guest appearances by other performers, such as Ed Sheeran. Oh, and an elaborate illusion where she dove into the stage. After the tour, in an appearance on The Graham Norton Show, she explained her reasoning. I wanted to overdeliver. I really wanted to give people more than they expected, she said. It just really felt like something that I had to do. Because Im like, I know these tickets are going to be hard to get. I didnt know how hard they would be to get. (The show sold out everywhere, and many fans actually flew to different locations just so they could attend.) Swift continued, People have lives and priorities. And if theyre going to dedicate any part of those lives to coming to this big show, to packing stadiums like this, I want to overdeliver on production, overdeliver on the length of it, the exertion, the kind of surprises theyre seeing. And really, Im endlessly proud of feeling like we achieved that. Swift shows empathy for her fans Swift was expressing a key element of emotional intelligence: empathy. She was looking at the situation from her fans point of view. Its rare to hear any big star say that their fans have priorities other than their next show or album. For Swift to acknowledge that Swifties have their own lives is highly refreshing. So is her awareness that its hard to get tickets to her shows, and her belief that she owes her audiences more because of it. Even if you dont have millions of raving fans spending hundreds of dollars to come listen to you, overdelivering is a good practice and a good mindset. When you surprise people by giving them more than they expected, more than they asked for, or even more than they paid for, they will remember you. And they likely will come back. Theres a growing community of Inc. readers who get a daily text from me with a micro-challenge, suggestion, or question. (Want to learn more? Heres some information about the texts and a special invitation to a two-month free trial.) Many are entrepreneurs or business leaders who know how important it is to have repeat customers, loyal fans, and people who are steadfastly in their corner. Consistently overdelivering is a very effective way to make that happen. Inc.
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I’m a classic satisficer: I’m usually quick about making decisions and often fall back on the tried-and-true. Some people are optimizers, carefully analyzing almost every choice, whether it’s a new sofa or a cup of coffee.If you want to make decent, “good enough” choices about your financial plan and portfolio and get onto other things, what strategies should you employ? And what should you stop doing? Here are some strategies to embrace. Eliminate ‘onesies’ and embrace simple building blocks Step away from those individual stocks. Forget I bonds and laddered portfolios of individual Treasury Inflation-Protected Securities. If you’re a satisficer, they’re not for you. Reduce your number of accounts and the holdings within them.A portfolio with fewer moving parts is easier to oversee and simpler to document in case your loved ones or a financial advisor needs to take the wheel. Moreover, Morningstar research indicates that investors tend to do a better job buying and holding broadly diversified investments than they do ones that are more focused.While they might not compel over some shorter time horizons, total-market index funds have been highly competitive with actively managed funds on a long-term basis, and they require little to no oversight. That means that satisficer portfolios should be heavy on total market index funds and even all-in-one investments like target-date funds. Satisficers should have as few accounts as possible, too. Minimize other financial relationships I’m part of a group chat with some delightful people who are keen to maximize their gains from credit cards and hotel loyalty programs. They’re always sharing tips on new card offers and swapping in and out of cards to score free travel.These people have traveled all over the world, and there’s something to be said for beating the banks at their own game. They’re also eager to take advantage of free financing programs when buying cars, furniture, and electronics. Why not let the bank float you a loan and invest the funds in the interim, particularly now that you can earn a decent return on your safe money?Yet as much as the math might argue for such strategies, managing multiple credit relationships requires time, energy, and discipline that most people don’t have to spare. For that reason, taking a minimalist approach to credit cards and other financial relationships is a good policy for most households, especially satisficing ones. My credit-card-optimizer friends might disagree, but I tend to think that a single, well-chosen credit card or two is plenty. Automate everything you can The data suggest that dollar-cost averaging is inferior to lump-sum investing. To which I say, “So what?” The fact is, most of us don’t have big lump sums lying around; we’re able to invest only as we earn money and save it.Making automatic investments addresses a number of financial pain points in a single shot. It eliminates any question marks about whether and when to invest. And if the target investment amounts are high enough and you increase them as you receive pay increases and bonuses, it also obviates the need to track expenses or budget in the traditional sense. Pay for help if you need it Here’s another way in which the satisficers may be willing to depart from the optimizers. Yes, paying for financial planning guidance costs money, maybe more than you think it should. (It’s not unusual for good-quality planners to charge $350-$500 an hour or more.)But if paying for professional financial help frees you up to do other things you enjoy more and it provides peace of mind with your decision-making, it can be money well spent. Moreover, a planner can help point out blind spots that even the most competent DIYers may have missed, while also serving as a valuable receptacle of financial information in case you’re unable to manage your own finances at some point. Finally, planners can leverage high-powered software that puts more precision behind decisions like whether to convert traditional IRAs to Roth. This article was provided to The Associated Press by Morningstar. For more personal finance content, go to https://www.morningstar.com/personal-finance.ChristineBenz is director of personal finance and retirement planning for Morningstar.Related Links Worried About Inflation? What to Know Before Buying TIPS ETFshttps://www.morningstar.com/funds/worried-about-inflation-what-know-before-buying-tips-etfs-2 3 Big Changes for Retirement Planninghttps://www.morningstar.com/retirement/3-big-changes-retirement-planning-2026 Ask Your Advisor These Questions About How They Get Paidhttps://www.morningstar.com/personal-finance/ask-your-advisor-these-questions-about-how-they-get-paid-2 Christine Benz of Morningstar
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