LNB Travel Club members planning trips, getting investment insights
Lubbock National Bank’s Travel Club members recently heard what “reflation” can mean from Chad Dziedzic, director / market leader for North Texas for BlackRock.
The bank’s Travel Club serves a number of purposes, said Randy Laycock, LNB’s senior vice president and marketing director.
“It’s a great way for us to stay in touch with our customers and offer fun activities,” he said.
An Alaskan cruise this month is the next trip, with two more planned this year.
The club also holds three to four meetings a year. Some are educational, others are fun.
The next meeting will be a guided tour and tasting at Lubbock’s McPherson Cellars, but a date is not yet set.
And LNB customers don’t have to be Travel Club members to go on the trips, but members do have special banking benefits.
The other two trips this year are:
- July 15: A day trip to see the play “Texas” and have dinner in Palo Duro Canyon, near Canyon.
- October 7-13: The Southern Charm Tour. Travelers will fly into St. Augustine, Florida and tour Savannah, Georgia; Charleston, South Carolina and more.
If interested in joining Travel Club, please call Randy Laycock or Kerri Johnson at (806) 792-1000.
At the most recent meeting, Chad outlined the impact of reflation.
- Interest rates were at an all-time low last summer and Japan made changes to get rid of negative interest rates. Changes in U.S. policy and the U.S. election are leading to higher inflation and interest rates, which should spur some growth and earnings over next few years.
- But overall, we may see lower returns compared to recent history. “Bonds averaged about 8 percent per year and stocks 12 to 15 percent per year,” said Chad, saying the Dow Jones was at 6,500 and is now flirting with 21,000.
- Understand dispersion. Recent monetary policies and low valuation helped the market to do well and most everything did well. With reflation, some big companies will do well and others not as well. There will be more volatility and a bigger difference between winners and losers,” he said, “be careful what you own.”
- “Before you go on vacation, you would look at the weather to know how to pack. You have to understand the ‘weather’ of the market so know how to invest. Don’t think the next 30 years will be like the last 30 years,” he said.
- “The worst risk you can take is the risk you don’t know you’re taking. You need to know what you own if you’re going to invest in this environment. Work with a skilled pro to get what you want to achieve,” he said.
BlackRock, Inc. is an American global investment management corporation based in New York City.