Insights Blog
The Power of Time
Jun 19, 2023 // Adam Bruderly
Our humans are brains are instinctively wired to prioritize immediate needs and wants, such as quenching hunger, ensuring safety, or yielding to the allure of instant gratification. This is a survival mechanism that has evolved over tens of thousands of years to help us respond to threats, opportunities, and ultimate survival. However, this tendency to emphasize the short term can be counterproductive and have a detrimental effect when it comes to planning and our financial success.
Conversely, adopting a long-term perspective requires a more cognitive effort and strategic approach to planning. It involves focusing on our future objectives, making trade-offs, and postponing our immediate pleasures and emotional impulses. Ultimately, the ability to balance short-term and long-term thinking is a critical skill that can help us achieve success and navigate the complexities of life and financial planning.
At Journey, we recognize the importance of harmonizing short-term and long-term thinking is crucial to achieve your goals, and we are committed to helping you develop a comprehensive plan that aims to help set you up for success at every stage of your life.
Four Pillar Friday
Your weekly guide to thriving in every aspect of life—Physical, Mental, Spiritual, and Financial Wellness.
Mid-Quarter Market Commentary
While the Fed and the market are fairly aligned in their expectations, fixed income markets are likely to remain somewhat volatile while the fiscal impacts of the new administration’s policies become clearer. However, higher yields insulate bond investors from interest rate risk and elevated equity valuations make bonds more attractive on a relative basis. Given the level of concentration within US equity markets, we believe that international, value and small-cap equities provide a critical element of diversification. We advocate building portfolios to achieve your long-term goals as opposed to trying to react to the latest headlines. Please don’t hesitate to reach out to your advisor to schedule time to discuss your financial plan, including your goals and planning assumptions.
Four Pillar Friday
Your weekly guide to thriving in every aspect of life—Physical, Mental, Spiritual, and Financial Wellness.