Impulse Control | Wisdom, Wealth, and Wellness
Impulse Control | 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. On today’s vlog, I’m trying to help people with their wealth, with a little bit of wisdom, and their overall wellness. I want to give a little perspective on impulse control today.
What am I talking about? Well, during the calendar year 2023, there were four extreme moments. Two on the fear side, extreme fear, and two on the extreme greed side. Now, looking at the data in culture and society at large, as you would expect, the vast majority of people during periods of extreme fear were sellers of equity-oriented assets. And during periods of extreme greed, people were buyers, extreme buyers, of equity-oriented assets. And by a survey done by Fidelity, they actually measured the performance of various accounts and they realized that the accounts of people who had passed away, who were dead, outperformed the living because they couldn’t react to those emotional pulls at extremes.
So, design a plan with your advisor. Design a support system and structure, taking into account your unique situation, balance sheet, cash flow, and your own psychological safety so that you can be calm and confident on your path to Wisdom, Wealth, and Wellness.
Have a great year ahead.
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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.
Further Reading
Stamina & Endurance
Jonathan Satovsky Interviews Rabbi Simon Jacobson
Always on the run
