Markets are wrapping up another roller coaster week.

Time for a good reminder that Security is a “feeling” not a number!

Volatility in the market is one of the best indicators of how well of a job you are doing for your clients.

• A lot of calls during the down times shows the plans in place are either not what they need, OR they don’t quite understand the plan you put in place.
• Not many calls…sounds like you are doing a great job!

Volatility is also a great reminder of how much people need YOU in retirement!

Might want to put this quote in your lobby for a while:

“Covid-19 has broken the relationships and long-standing correlations across all kinds of economic variables. Forecasting is always hard, but it’s harder now.” – Morgan Housel

P.S. If you have questions about the DOL 3.0 – check this out

Here are your Quick Hits:

Opinion: Warren Buffett’s advice for a volatile market: patience pays

• “Even the most hands-off investor has likely noticed the scare headlines popping up on the evening news, counting out thousand-point drops and flashing downward-sloping charts in bright red. There’s nothing the media likes more than a disaster, after all.”
• “If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes.” – Warren Buffett

The Fed Isn’t Printing As Much Money As You Think – Morgan Housel (2022 WSOS Speaker)

• “But before you dump life savings into gold and build a bunker, here’s the punchline: The huge majority of the increase you’re seeing in this chart is not money printing or new money creation.
• It’s an accounting rule change.”
• “Covid-19 has broken the relationships and long-standing correlations across all kinds of economic variables. Forecasting is always hard, but it’s harder now.”

M1 Money Supply Chart – (Read the last article for perspective)

Business Insider – I grew a multimillion-dollar massage business practicing ‘servant leadership

• “I’ve found that servant leadership creates a warm work environment that results in high employee retention, phenomenal company culture, and a happier workplace. Our managers are accountable for their direct reports’ happiness and needs.”
• “Servant leadership helps empower my employees to make certain decisions without needing to ask permission from a manager”