“You Retire Once… I Help People Retire Everyday”
So much for a quiet Summer! But seriously, what a few weeks it has been. A former president was inches away from being assassinated, while the current president was forced out of running again by his own party, even though he won basically all the convention delegates and was quite popular in his party just a month before. Now it doesn’t stop there, add in the Japanese yen carry trade blowing up, the worst day for the Japanese stock market since 1987, the Federal Reserve viewed by the market as behind the curve, the VIX spiking to levels rarely seen, and global markets melting down. And this isn’t even bringing up the continued heightened tensions between Russia and Ukraine,Israel and Hamas/Iran, and bubbling tensions between Taiwan and China.
I know that that sounds like a lot and trust me it is. But if history tells us anything, it turns out chaos is normal. Here’s a chart that sums it all up nicely. Amid some of the worst events in history, stocks have continued to eventually move higher, suggesting all those scary times and lower prices were in hindsight just good entry points or buying opportunities. I can promise they sure didn’t feel like it at the time, but they were.
Click on the link at the bottom to read the full edition of “August Market Perspectives” as I unpack everything that unfolded in the economy and financial markets during July that I think investors need to know. I hope you enjoy the read.
In closing, I leave you with this. In life, whether we are trying to achieve career, athletic, health or relationship goals we are taught to focus on the journey and not the result or end goal. By focusing on the day-to day, or brick by brick, we can more successfully achieve the end or desired outcome. In contrast, successful investing is the complete opposite.Successful investing requires us to keep our eyes focused on the end goal and not the journey. Inevitably, the journey will have humps and bumps and only serve as a distraction from reaching our end goal.
Regardless of the path ahead, when pairing your financial future with myself and Pedlar Financial you can be confident that you have an investment professional in your corner who is committed to your success every step along the way.
Thanks for taking time out of your day to become better informed.
-AP
