"This too shall pass “is a Persian proverb that reflects on the temporary nature of the human condition — that neither the bad, nor good, moments in life ever indefinitely last. This philosophy has shown up throughout history, including the story of King Solomon having a ring made bearing this phrase in Hebrew. It was also Abraham Lincoln's favorite saying, which he said was applicable in any and every situation one could encounter. It is a mantra that could have been repeated many times over the last three years as we faced a global pandemic, economic uncertainty, and geopolitical divide.
Over this time, the faith of long-term investors has been severely tested. This is not uncommon. As Warren Buffett has been known to say, “Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold”. Each successive episode requires successful investors, and the advisors who provide wisdom and guidance to them, to reject the idea that “this time is different”, and instead, cling to the wisdom in the proverb above that “this too shall pass”.
Source: Money Quotes
Of course, we know that each episode of economic and stock market volatility is accompanied by a different set of facts and circumstances. However, we also know from history that a free market, capitalist economy will eventually fight through these issues, figure out solutions, and move on to new heights, thus bringing new wealth to those who believe enough to stay the course.
We believe the future will likely provide us with many additional opportunities to practice this patience, discipline, and belief. Successful investing is fundamentally simple. However, it will never be easy. If it was, everyone would be wealthy. As most people are not wealthy, we do not want to follow the actions of most people. Despite what Lindsey Buckingham and Fleetwood Mac told us in 1977, it is never easy to "Go Your Own Way".
I am sharing this with you today because you may have a family member, colleague, or trusted friend, who may not have fared well during the economic and market challenges of the last three years. It may be someone you feel would benefit from the same sort of trusted advisor relationship and guidance that you received from the CFPs of Impel Wealth Management throughout the years.
If this is the case, we would certainly appreciate you introducing them to us. We very much enjoy working with you and your family. And we would welcome the opportunity to offer the same level of financial planning and investment advisory services to the people you care about. You could simply forward them this e-mail, or you could refer them to the second opinion service page on our website. I have provided a link to this page below for your convenience.
Thank you again for being a client of Impel Wealth. Of course, should you have any questions about your unique situation, please do not hesitate to reach out to us, we are here for you. I look forward to speaking with you again soon. Have a great day.
© 2023 Jesse Hurst
The views stated are not necessarily the opinion of Cetera and should not be construed directly or indirectly as an offer to buy or sell any securities mentioned herein. Due to volatility within the markets mentioned, opinions are subject to change without notice. Information is based on sources believed to be reliable; however, their accuracy or completeness cannot be guaranteed. Past performance does not guarantee future results.
Investors cannot directly invest in indices.