Turning Pointe Wealth Management

June 19 marks the day in 1865 when the last enslaved people in the United States were informed of their freedom—more than two years after the Emancipation Proclamation.

It’s a powerful reminder of how progress can be delayed and why continued reflection, education, and action are important.

As a firm, we recognize the significance of this day and the ongoing work to achieve equity and opportunity for all.

Is the Dow Jones Industrial Average still the gold standard for tracking the stock market?

According to a February 2025 article in “The Wall Street Journal”, the Dow’s relevance is being questioned due to its purported outdated structure and methodology.

Here are some key points to consider:

📉 The Dow is an unmanaged index generally considered representative of large-capitalization companies on the U.S. stock market.

🏢The Dow uses a price-weighted system, meaning that companies with higher stock prices have more influence, regardless of their overall market value.

🔄 Tech is underrepresented—Meta and Tesla are absent, while Apple and Microsoft carry less weight than in the S&P 500, where tech plays a larger role.

📉 Performance gap: The Dow has trailed the S&P 500 in recent years, exposing differences between the indices. The S&P 500 Composite Index is a market-capitalization weighted index that is considered representative of the overall U.S. stock market.

🏢 Index performance does not reflect the past performance of a particular investment. Past performance does not guarantee future results. Individuals cannot invest directly in an index.

As financial professionals, we believe benchmarks can offer useful context—but on their own, they rarely reflect the goals or risk tolerance that most investors actually need.

True or False: The decor and service quality of a restaurant influence its Michelin star rating.

❌ False. Michelin stars are awarded based on the food—nothing else.

The exciting summer travel plans that so many of our clients are sharing with us have made us curious about what a Michelin star really stands for. 🌟

Interestingly, its stars are given purely based on these five criteria:
1️⃣ Quality of ingredients
2️⃣ Mastery of cooking technique and flavor
3️⃣ The chef’s personality reflected in the dish
4️⃣ Value for money
5️⃣ Consistency across visits

Notably missing? Ambiance, location, and service!

Here’s what the numbers of stars mean:
⭐ Worth a stop
⭐⭐ Worth a detour
⭐⭐⭐ Worth a special journey

I hope you’ll have fun making summer travel plans—and comment below if a Michelin restaurant is on your itinerary! 👇