Prepare | 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—Ferris wheel-style—of “Seeking Wisdom, Wealth, and Wellness.” And what I want to talk about today is freedom from mental slavery.

If I told you that in the next year or two, there would be a guaranteed recession, what would you do differently? Well, if you’re worried about the short term, maybe you’d bunker up and wait for terrible things to happen so that you can insulate yourself. But, if you’re thinking about a lifespan—and the longevity of life expectancy expanding over the next decades ahead at an accelerated pace—there’s a 50/50 chance that you’re going to live past your 100th birthday. Maybe to 100, to 110, to 120? And in that case, it’s just a blip in the road.

So how do you insulate yourselves from the “every 3.7 years, 20+ percent decline” in the financial markets and yet still have the resilience to grip tight, hold on, own strong businesses, and own markets for the next decade? 2, 3, 4, 5 (decades)? So that you can give yourself a chance of compounding your money and doubling it every seven to ten years at a clip. So that you can cover yourself net of taxes and inflation, and protect yourself from longevity risk. And yet, whether it’s a Ferris wheel or a roller coaster, not falling off.

So whatever the short-term forecast, whatever the short-term outlook is, prepare for the worst and the upside will take care of itself. Consider that on your path to Wisdom, Wealth, and Wellness.

Have a great day.

Get the Latest Wealth Insights, Delivered.

Video Recorded August 5, 2022
SHARE
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.

Further Reading

Delayed Gratification | Wisdom, Wealth, and Wellness

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,...

Prepare | Wisdom, Wealth, and Wellness

Good morning, good afternoon, good evening. Depending on the part of the world you’re in. This is Jonathan Satovsky of Satovsky Asset Management—Ferris wheel-style—of “Seeking Wisdom, Wealth, and Wellness.” And...

Ponder Your Certainty | Wisdom, Wealth, and Wellness

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,...

Talk to an Advisor today

232 Madison Avenue, Suite 400 New York, NY 10016
(212) 584-1900

© 2022 SATOVSKY ASSET MANAGEMENT | PRIVACY POLICY | FORM CRSTERMS OF USE/DISCLAIMERS

NOT FDIC INSURED. NOT BANK GUARANTEED | MAY LOSE VALUE, INCLUDING LOSS OF PRINCIPAL | NOT INSURED BY ANY STATE OR FEDERAL AGENCY

Website Developed by Finovo

Get Wealth insights Delivered To Your Inbox

Don’t miss a beat – Sign up to have the latest investor insights, mindfulness tips and market news from our blog delivered right to you.