Don’t Get Spooked | Wisdom, Wealth, and Wellness

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

Good afternoon, good evening, good morning. Depending on the part of the world you’re in. This is Jonathan Satovsky, Halloween trick-or-treat-style, of “Seeking Wisdom, Wealth, and Wellness.” I want to talk about the concept, cash is king. A concept many people get attached to when we get into spooky markets. Well, let me give you the stats for those that are interested.

Cash has been the best performing asset 11% of the time, going back to the 20s. So, as long as you hold enough cash for spooky times and scary markets, and headlines that get people freaked out, then you can think multi-generationally, because if you’re thinking out 1, 3, 5, 10, 15, 25, 35, 50 years out for multiple generations, owning assets, stocks, bonds, real estate, almost assuredly, overtime will generate greater wealth. But you got to have enough cash to manage through the spooky times and then you’ll benefit greatly, 89% of the time, with having assets in other places. But more importantly, the magic of compounding. The simple magic of compounding will be able to work for you because you won’t get spooked out of your positions on your path to Wisdom, Wealth, and Wellness.

Have a great day.

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Video Recorded October 31, 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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