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Gratitude and Perspective

April 23, 2024


2024 April VLOG Transcript – Gratitude and Perspective

Greetings, It is a blessing to work with so many wonderful clients, and I want to express my heartfelt gratitude to each of you.

These are trying times for investors. Historically, bear markets occur every five years or so*, but in the past four years, we've seen TWO! In 2020, due to a pandemic, and again in 2022, due to inflation fears and high-interest rates which rocked the bond market. Each time, the market fully recovered the next year. But in 2023, the recovery was lopsided, favoring only a few mega-sized US technology companies, and penalizing globally diversified investors.

We continue to believe in the same long-term investing philosophy that has been followed by institutional investors and the smart money for decades. And we tailor that to each individual’s risk tolerance, and our specialty working with only faith-driven fund managers to help the investment strategies better align with our faith values. That is a value-add. Of course, past performance is not a guarantee of future results, and all investing involves risk.

In the media, Wall Street is fixated on the Federal Reserve and when they will cut interest rates, but low unemployment is what moves the needle. Job security drives consumer spending, and that’s crucial in our 70% consumer-driven economy.**

This month we recalibrated all the portfolios based on LPL research and our thorough analysis of current opportunities, which will be reflected in your next quarterly statement. We urge you to be patient as we continue to navigate volatile markets.

Also, many have been asking about our events. We have hosted a cruise for over 12 years now, and I’m excited about some changes we are making. Instead of just one big event, we are planning a series of more intimate gatherings throughout the year to foster deeper connections. Stay tuned for updates in the months ahead as we work through all that, and we look forward to publishing a calendar in the future.

Thank you for letting me be part of your financial journey. Financial planning is really about life planning, and you go through significant milestones and life events, some joyful and some heartbreaking, we are here for you - every step of the way.


*Forbes. "A History of U.S. Bear Markets, 1957 to 2022" by Wayne Duggan. August 21, 2023. 

**Barron's. "What Recession? Consumers Still Have Plenty to Spend" by Megan Leonhardt. November 17, 2023.