Setbacks | Wisdom, Wealth, and Wellness

Jonathan Satovsky
CFP®, ChFC®, CIMA®, CPWA®, CDFA®, DACFP

Good morning, good afternoon, good evening. Depending on the part of the world you’re in. This is Jonathan Satovsky of Satovsky Asset Management and on today’s episode of “Seeking Wisdom, Wealth, and Wellness,” I want to talk about setbacks, disappointments, or even temporary defeats.

Losses, whether it’s in sports or whether it’s in business. Whether it’s in markets or whether it’s in life. You’re either learning or growing, so every setback—if you reframe it—is an opportunity to learn and grow.

Embrace the setbacks. Embrace the defeats. The more that happens, the more it’s equivalent to a slingshot. The further you’re down, the further up that you can go. Just enjoy the journey—every part of it—the good, bad, and ugly. Don’t expect perfection because that’s where all disappointment comes from. It’s the gap and the gain, the difference between expectations and reality.

So just realize that you’re going to have setbacks, you’re going to get knocked down, you’re going to have temporary defeats.

Markets decline, markets rise.

They decline, they go down further than people expect and go up further than people expect.

Maintain your equilibrium through it all and you too will find a way to enjoy every bit of the path on your journey to Wisdom, Wealth, and Wellness.

Have a great day.

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Video Recorded April 24, 2022
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Disclosures

This blog post is not intended to be, nor should it be construed or used as, an offer to sell, or a solicitation or offer to buy any securities or interests in any strategy offered by Satovsky Asset Management, LLC (“SAM”). SAM is a registered investment advisor with the Securities and Exchange Commission – for more information see www.adviserinfo.sec.gov. Please remember that different types of investments involve varying degrees of risk, and that past performance is not indicative of future results. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the strategies recommended or undertaken by SAM) will be profitable. Market index information shown herein is included to show relative market performance for the periods indicated and not as standards of comparison. The market volatility, liquidity and other characteristics of SAM’s portfolio composition are materially different from the securities listed on public market indices. Market index information was compiled from sources that SAM believes to be reliable. No representation of guarantee is made hereby with respect of the accuracy or completeness or such data. Opinions are as of date of video and are subject to change. A copy of SAM’s current written disclosure statement discussing our advisory services and fees continues to remain available for your review upon request. SAM undertakes no duty to update information presented herein.

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