Giving up all that avocado toast and those lattes seems to have added up in the end because Millennials are now wealthier than Baby Boomers were at the same age. However, there is some important nuance: The difference between Millennials who are doing well and those who are not is wider than it was when Baby Boomers were in their prime.
After a long search, we have selected New Albany, Ohio as our personal and business headquarters with all operations shifting in 2024. If you haven’t heard of New Albany, yet, you will. Sooner rather than later. Over the coming years, it will be home to one of the largest microchip manufacturing facilities on the planet.
As the United States returns to a normalized interest rate environment, things are going to get interesting. A few of my personal thoughts on the situation in which we, as a country, now find ourselves.
In recent weeks, Aaron and I have come to realize our life is in the middle of another major transition; one so large and transformative that we have come to call it the “Second Founding” as a shorthand to describe the complete overall that is in the midst of unfolding. It’s quick. It’s efficient. We both know what we mean when we say it. In a sense, it feels very much not like we are starting another chapter, but, rather, another book.
Buried thousands of pages within its newly-enacted buget, the State of Ohio just quietly created a new Ohio Homeownership Savings Account program that allows individuals and married couples in the Buckeye State to take a tax deduction in exchange for saving for the purchase of a house. I think this could be the start of something interesting, especially if it takes off across other states and/or the Federal government.
After careful consideration, Aaron and I decided that the Kennon-Green & Co. office will feature mixed media works by Carol Benson-Cobb, a wonderful artist located in Dallas, Texas.
After a long period of neglect, Nintendo launched Metroid Dread, a return to the classic side-scroller model for the legendary franchise. Developed by Spanish video game studio MercurySteam, the sales figures are extraordinary.
Aaron and I are ecstatic to share with you that our second son, Graham Forester Kennon-Green, was born through gestational surrogacy earlier this month. Unlike his brother, Dorian, who arrived at the full 40 weeks weighing 7 lbs. 5 ounces back in April, Graham arrived three weeks ahead of schedule at 37 weeks and 1 day, weighing in at 8 lbs. 3 ounces.
Fueled by a combination of reinvested profits (realized and unrealized gains, dividends, and interest), net client contributions, and new private client relationships, our wealth management business has recently found itself entrusted with more than $105 million in capital. This growth, combined with having a new baby and my desire to be able to walk to work in a matter of minutes, has resulted in an acceleration of our plans. Therefore, effective September 1st, 2021, Kennon-Green & Co. will be headquartered at one of the most beautiful buildings in the United States.
Aaron and I are ecstatic to share with you that our son, Dorian Alexander Kennon-Green, was born in mid-April. After a gestational surrogacy journey that began several years ago, it all paid off when he came into the world in perfect health, weighing 7 lbs. 5 ounces. As I have told friends and family, he was born with a head full of hair, and, to our great fortune and blessing, a temperament that is sweet and patient. It has been one of the great joys of our lives to get to know him.