Hand-wringing or motivating discontent?
Gordon Graham once said,"There are two kinds of discontent in this world; the discontent that works, and the discontent that wrings its hands. The first gets what it wants, and the second loses what it has. There's no cure for the first but success; and there's no cure at all for the second".
Given the market returns for the quarter and the cumulative portfolio returns for the year, many folks in the market place are "hand-wringing". Every day there seems to be even more negative economic news on your choice of media. Remember this news for what it is. It is noise that may distract you from achieving your goals and objectives. Does this noise have you "wringing your hands"? I certainly hope not! Keep in mind, as Graham said, and I agree, "the discontent that wrings its hands...loses what it has."
However, Graham said positively, "discontent that works...gets what it wants." You've done your work. You've sought out an advisory relationship with me and AMDG Financial that puts your interest above all else, and you've selected an investment strategy that has a high probability to support your financial and life goals and objectives over your given timeframe.
Now, the ADMG Financial process is at work. The success of this process relies on your perseverance and our monitoring and periodically rebalancing your portfolio, adjusting for new information and any "curveballs" in your life situation. We've already anticipated the distracting noise of negative news, and new volatility and changes in the markets. It's already built into your projections. We're thinking ahead. What remains now is that you let us help you persevere. Maintain your strategy and don't let hand-wringing and emotion drive irrational financial decisions. If you must make a decision that involves change, start by revising your long-term strategy and then acting accordingly. From financial wisdom, better stewardship.
Please contact Marybeth (x107) to schedule an appointment should you be interested in reviewing your portfolio performance, discussing any questions you may have or to update your financial projections.
Happy New Year and Best Regards,
Wayne B. Titus III
CPA / PFS, CISA,
Accredited Investment Fiduciary Analyst