Recession | 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. On today’s episode of “Seeking Wisdom, Wealth, and Wellness,” I want to talk about the idea of recessions.

There are periodic recessions that happen all around the world, and during those periods it might coincide with higher unemployment, fears of people losing their jobs, stock portfolios declining sharply, stress around money, tighter money supply, it’s harder to borrow money, higher interest rates—a whole slew of different things that can be going on. And during that period, in anticipation, or during a period like that, generally, anxiety is very high. People have a tremendous amount of caution to try to, just like if you were in the jungle, you’re just trying to survive. So people are navigating to survive.

So my premise is, how can you be mindful about designing a financial ecosystem to not just survive, but thrive? Now, if you haven’t developed that yet. Saving and investing, particularly when it’s hard, particularly when it’s not working, can be the biggest benefit over time. Of course, you’re buying low, but the concept is so distant because someone would say, “Why would I be saving into something that I know is going to be worth less next month, next year, whatever the case may be?”

Suspend disbelief. Develop a discipline in good times, and particularly in bad times, and you will have a future ecosystem that gives you more financial freedom and flexibility than you can ever imagine on your path to Wisdom, Wealth, and Wellness.

Have a great day.

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Video Recorded May 4, 2023
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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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