Market Declines | Wisdom, Wealth, and Wellness
Good morning. Good afternoon. Good evening. This is Jonathan Satovsky of Satovsky Asset Management with a quick episode of Seeking Wisdom, Wealth, and Wellness from the perspective of market declines.
If I told you that the market was going to decline 10%, 5%, 10%, 20%, what would you do differently than you’re doing right now? Well, the market will decline 5%, 10%, and 20%; does it mean you alter your path? Well, let’s think about it. There are tax consequences, there are trading costs, and there’s the anxiety of getting in and out and trying to time that decline perfectly.
Does the market go up 20% before it declines 10%? Does it go down 10% and up 20%?
The markets will decline 5% three times a year on average; the markets will decline 10% one time a year on average, and the market will climb 20% every two and a half years1. That’s going to be par for the course in perpetuity.
Be prepared. Realize mentally, emotionally, structurally, how to create a system that will insulate you to be healthy, wealthy, and wise for generations to come. Ponder that on this episode of Seeking Wisdom, Wealth, and Wellness.
Have a great day.
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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
Jonathan Satovsky Interviews Rabbi Simon Jacobson
Always on the run
Learning something new
