In 2008 a couple had called my office asking for an appointment we were in the midst of the financial crisis and they were worried about their financial future. They wanted an appointment as soon as possible and so we moved things around so that we could get them in the next day. When the time came for the appointment they were a no show. The next day the wife called to apologize. She said her husband was under so much stress that they had to take him to the emergency room at the hospital. He recovered physically from that stressful time and of course its easy to look back at the financial crisis in the rearview mirror and see that it turned out OK. One of the most important things I have learned over the years working in the investment and planning field is that market volatility is a given. It doesn’t matter what the market is doing today, tomorrow, or even next week, what matters is where the market is at the end of your time horizon. So if you are worried about market volatility, my advice to you is to stop worrying about it and focus on things that you can control like living below your means, saving regularly, and investing in a diversified mix of assets. The market will take care of itself.

I like this quote by Epictetus. “Wealth consists not in having great possessions, but in having few wants.”


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