As a pilot you learn to trust your instruments and ignore your gut; and in a turbulent storm that discipline can save your life. Our job as wealth advisors is akin to that of an airline pilot – and, lately the weather has not been friendly. Nevertheless, keeping our eye on the destination and making adjustments as necessary is core to our responsibility.
The last few months have been quite turbulent in the investment markets and the emotion of fear has narrowed the field of vision for many investors to the losses right in front of them. On a day like today, with markets selling off yet again, it’s important to remember that we have a long flight ahead of us and, while the storms feel intense, they are concentrated and soon will be behind us. So, buckle up and trust your instruments, knowing that we’re committed to getting you safely to your destination.
Along these lines, we thought you might enjoy a cute, but important post from Ben Carlson. Here’s a taste:
Bull Markets: Fear of missing out.
Bear Markets: Fear of being in.
Bull Markets: I knew I should have had more of my portfolio in stocks.
Bear Markets: I knew I should have had more of my portfolio in bonds.
Bull Markets: That guy’s been calling for a crash for years — he’s an idiot.
Bear Markets: That guy just called the crash — he’s a genius.
Also worth a 2-minute read is Michael Batnick’s blog post “You Are Owed Nothing” which highlights the realities of investing in stocks.