Stick With The Long-Term Plan

Stick With The Long-Term Plan

April 07, 2020

Warren Buffett has so many great quotes about investing. I am reminded of this one today:

“Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold. When downpours of that sort occur, reach for a bucket.” —Warren Buffett

We certainly have had dark clouds in our economic skies lately. And more than that, we’ve had difficulties in our everyday lives. Obviously, if you or your family has been affected by Covid-19 directly, you are aware. But even for those who haven’t had that experience, the disruption in the daily routine has been plenty to deal with. How about just trying to find toilet paper or cleaning supplies?

This makes it especially difficult to concentrate on the long-term and stick to your plan. We believe one of the most important things we can do is help clients navigate the emotional storm and remember that we put together a plan and the smart thing to do is to stick to it.

Here’s another great quote:

“Everybody’s got a plan until they get punched in the mouth” – Mike Tyson

We have definitely been punched in the mouth by Covid-19. But that doesn’t mean we abandon the plan. We revisit the basics, make revisions and adjustments and move forward. If you feel like you need to revisit your strategy, we have a number of new ways to “meet” with clients. We will be reaching out but if you have specific questions, please don’t hesitate to call us.

-Kevin Pitts, AAMS®

Financial Consultant

Partner – Chief Investment Officer

100 E. Sheldon

Suite 105

Prescott, AZ 86301

844-782-0267 Toll Free

928-460-5511 Direct

928-460-5517 Fax