It's Always Something

The greatest good we can do for others is not to share our riches with them but to reveal their own.
                                                                                                                        --Source Unknown

Perhaps you heard that the Olympics are going on, and had the chance to see the opening ceremony and last weekend's events. I loved it. It took a big effort for Brazil to overcome Zika, financial, and political problems. Let's remember, Brazil is competing with the spendiest host cities in the world's largest economies. But the athletes are the stars of this show, and what a show it is.

Our family loves the Olympics. Some of us compete(d) in sports that lead to the grand stage, although none of our blood relatives made it. Our favorite part of the broadcast this year is the ability to dial in the sports we want to see on command. I think future generations will be hooked. At least I hope so. I foresee more athletes, more inspiration, even better competition in the future. That is exciting, isn't it?

Apparently the same rules apply for sports media as they do for the financial press. Bad news sells more than good news. This is the second-longest bull run in history, but you couldn't tell by reading the financial press. You might struggle to realize the miracle of the Brazilian Olympics; so much of the news has been negative. Give me a break--this is great stuff!

I imagine athletes from other vastly poorer regions have a different experience than the U.S. journalists, shocked by Brazil. I'm certain that predominant thoughts on each athlete's mind are thankfulness and pride, as well as the specific techniques and timing demanded by their sport. I am certain that the feeling they have is not fear of Zika mosquitoes, but the common feeling of butterflies that accompanies an athletic competition. I'd hazard a guess they feel nervous but not fearful.

You deserve congratulations. You are a financial Olympian.

During the recent Brexit crisis, you did not panic out. You may have called your wealth manager. You may have received an e-mail from your advisor saying something along the lines of, "If your plans didn't change, don't change your investments now." You had an opportunity to revisit your long-term goals in relationship to the crisis at hand. And you listened to your coach.

You stuck with your plan, ignoring the vast scariness of the headlines. You will have another opportunity to show your bravery.

Who is to say that Zika is not a major crisis in the making? Or terrorists will not again take innocent lives? As Warren Buffet said, successful investing is simple but it isn't easy. You will have the opportunity to practice patience and discipline. I know you will succeed.

You may have a friend or a peer who did not fare as well during the Brexit crisis and whom you feel might have benefited from the sort of advice that you are receiving. Should that be the case, we would certainly appreciate you introducing us. We are thankful for the trust you place in us here at A&I Financial Services.

I hope you enjoy this article (please e-mail margo@assetsandincome.com for a copy of the PDF; we're not permitted to post it on our website) from Nick Murray, Brexit, and the Apocalypse du Jour.

See you next week!

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