Dear Clients and Friends,
After taking a few weeks off from our weekend reading reading, we’re back!
We had taken a few weeks off in order to devote extra time to the annual Multiple Sclerosis fundraiser. Before we get into the topic for the week, we want to extend our heartfelt gratitude to all of our MORWM family for participating in this effort. While I personally have been volunteering for the National Multiple Sclerosis Society for several years, this was only the second year that the company has ridden as a team in the BikeMS event. Out of all the companies in the Philadelphia area who rode “for a world free of MS,” we ranked #2 in fundraising - and we are a very small company!! We out-raised companies like Comcast, Campbell Soup, and Nova Care, all of whom are based here in the Philadelphia area. We are very proud of our efforts.
The NMSS is among the top three of the more than two dozen charities that MORWM supports, and this bike-a-thon is the only event in which we ask our family of clients to participate. We had a team of 45 people riding one of three routes, which ranged in distance from 25 to 75 miles long. Some of our craziest teammates rode 75 miles back to the main starting line the next day.
Multiple Sclerosis is an illness that affects all kinds of people, regardless of age, race, nationality, or gender. Significant scientific advancements have been made in the options for care that are available for those affected. A world free of MS is not only possible, but likely to be achieved during my lifetime. We are moving the needle in a very serious way, and we hope that the pride we feel is shared by all of you.
Please check out these pictures of our team:
We will return to finance-related subjects over the next few weeks. Upcoming topics include the issues brewing within index funds, a preliminary analysis of the presidential candidates’ budget and tax plans, and tricks to save money during the winter months – which are always useful, regardless of one’s level of wealth.
But for today, in keeping with the theme of giving, we’d like to share a neurological study conducted by the University of Zurich that shows that generosity benefits those who give. This study confirms the biological benefits of the old saying, “It is better to give than to receive.” The study is summarized below by Gretchen Reynolds for the New York Times Magazine.
The scientific evidence that generosity is good for us has been scant, even as the benefits of selfishness are obvious. Recently, however, a neurological study published in Nature Communications found there may be some biological truth to the maxim after all. The study showed that generosity changed the activity in people’s brains in ways that increase feelings of happiness, even if the generous act is small or only imagined.
Matthew Ramer, AIF®
Principal, Financial Advisor
MOR Wealth Management, LLC
1801 Market Street, Suite 2435
Philadelphia, PA 19103
P: 267.930-8301 | c: 215-694-4784 | f: 267.284.4847 |
601 21st Street, Suite 300
Vero Beach, FL 32960
firstname.lastname@example.org | www.morwm.com
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