Drink Water | 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. I’m on a hike in Tahoe at 8,500 ft. elevation. I started at 3:30 am and it’s 8:30 am now, so I’m five hours in. I completed nine and a half miles, and have another three and a half to go on a 17-mile round-trip journey.

Today I want to talk about governments. Governments do what they can to stimulate the economy through fiscal monetary policies and issuing new bills. They do this to create incentives to be able to drive things forward in the best way that they think they can. Sometimes they do well, sometimes they don’t do well. But at the end of the day, in order to maintain power, and in order to maintain progress, they keep pushing forward.

Just like the fact that I got another three and a half miles to go. Gotta keep pushing forward.

So in financial planning, wealth management, and investing. You gotta keep saving 10% – 20% of your income. Keep investing. Keep believing in the future, and realize it’s a lot longer road than you expect, so longevity is important. So you got to pace yourself and drink a lot of water.

Have a great day.

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Video Recorded August 8, 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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