After another roller coaster day, I wanted to pass along this 3 minute video to put everything in perspective. This interview with Peter Lynch was recorded in 1994. He is one of the “grandfathers” of investing and he ran one of the most successful mutual funds of all time. And truly, nothing has changed and this video is still absolutely relevant today.
A lot of things have come out of left field over the last 30 years. All of them different and all of them with varying degrees and lengths of pain. The results, however, have been the same 100% of the time. The downs have always been temporary and the ups have ultimately been permanent!. When Peter Lynch gave this interview the Dow was at 3,800… today it is at 38,000:
Peter Lynch: ‘I love volatility’
Our job, along with excellent financial planning, is to manage our clients’ emotions and behaviours. With so many headlines bombarding you from traditional and social media outlets (most of it opinion rather than fact), I believe that what clients want most from us right now is “whether or not you will be okay”. The video above proves that you are definitely going to be okay. 3,800 to 38,000. Always better to deal with facts.
This material, intended for the exclusive use by the recipients who are allowable to receive this document under the applicable laws and regulations of the relevant jurisdictions, was produced by and the opinions expressed are those of Matthew Ramadan at Monarch Wealth as of the date of this publication, and are subject to change based on market and other conditions. The information and/or analysis contained in this material have been compiled or arrived at from sources believed to be reliable but Matthew Ramadan does not make any representation as to their accuracy, correctness, usefulness or completeness and does not accept liability for any loss arising from the use hereof or the information and/or analysis contained herein. The information in this document including statements concerning financial market trends, are based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons.
All overviews and commentary are intended to be general in nature and for current interest. While helpful, these overviews are no substitute for professional tax, investment or legal advice. Clients should seek professional advice for their particular situation. Past performance does not guarantee future results.
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