Financial Wisdom Shared with Daviess County CEO Cohort on Friday, February 2nd, the Cohort had the privilege of hosting Alex Knepp, Senior Vice President and Financial Planner at German American Bank. Beyond his professional role, Alex is deeply involved in the community as a church elder, grade school boys’ basketball coach, school board member, Community Foundation Board Member, and Junior Achievement volunteer.
During the session, Alex imparted invaluable wisdom to the cohort, focusing on the significance of their futures. He encouraged them, saying, "No matter how clueless you are right now, do the best you can with what is in front of you. Always leave good impressions, and don't shut doors; keep them open."
Emphasizing the pivotal role of decision-making in the next 3 to 4 years, Alex highlighted the power of time in investing. Drawing comparisons between individuals entering the workforce straight out of high school and those pursuing a college degree, he underscored the long-term impact of choices made early on.
Alex stressed the importance of maximizing employer matches, explaining the Rule of 72 and the differences between investing in mutual funds and individual stocks. He dove into the broad spectrum of an accounting degree, shedding light on concepts like EPS (Earnings Per Share), FEPS (Forward Earnings Per Share), and Opportunity Costs.
One of the key takeaways from the session was Alex's emphasis on the time factor as a powerful tool in investing. He inspired the cohort to consider the long-term implications of their choices.
In conclusion, the Daviess County CEO Cohort expressed gratitude to Alex Knepp for generously sharing his time and expertise. His insights not only equipped the cohort with valuable financial knowledge but also instilled a sense of empowerment and responsibility as they navigate their future paths.