Markets go 3 directions – up, down, sideways. This year was a “pause” year of basically sideways, and in the multi-year look, something that happens periodically but frustrating nonetheless.
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However, you’ve got to keep that in check. As the graph below in the next article will show, if you are constantly running from the bad years, historically you’ve missed out on the vast majority that are positive.
I think 2016 will be another one of those positive years, but if I’m wrong, I’ll keep to the diversified principle that I believe makes sense.
The future could absolutely be different, and you have to ensure it fits with your individual goals.
“Every journey in life has a destination.” — Ken Poirot
In today’s video, I share a conversation I had with a friend of mine, who is a surgeon. How does he handle things when the surgery outcome is unknown, and in the middle of the operation if things go awry? How do you stay calm?
What he deals with on a daily basis is the same as investments and your financial plan. How do we keep our eyes on the big picture? What is normal, and how do we stay calm?
One of the benefits I bring to my relationship with clients are the 24 years of experience, and in that time I’ve seen just about everything. The behavior and attitude we bring as investors is probably the most important variable in reaching our financial goals. At least, that’s been my experience.
Click on the video for my thoughts on the Journey
The chart above does NOT mean our RED line will continue, as it could be the end of the bullish trend. I don’t think so, but it’s possible. I’ve made the argument many many times why I’ve come to my conclusion (see previous newsletters and videos going back 2 to 3 years).
We have 3 months left in the year, but more importantly, if you’re invested in the stock market in any way, you should have years in your time horizon.
I still owe you a video on China, and how I think it’s going to impact things.
It’s tough in that we’ve never had such a large player be so guarded in it’s data.
Economists for now are continuing to be optimistic about China, predicting a positive growth for 2015 even though the markets and their currency have gone haywire.
More to come next few weeks as I complete my analysis and video on China.