FIEGI (Finances, Investments, and Extremely Good Insight) Report – July 14, 2022

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Welcome everyone! We’ve heard some great feedback on The FIEGI Report. Remember, the goal is to help all of us grow our collective knowledge so we can continue to make good financial decisions each and every day. Let’s keep it going!

Conclusion: You guessed it, stay the course! In all seriousness, sudden market downturns can be unsettling, create fear, and ultimately lead to bad financial decisions. But historically, US equity returns following sharp downturns have been positive even over 1, 3, & 5 cumulative years. Don’t be tempted to abandon equities and go to cash when there is a heightened risk of an economic downturn. Periods of recession simply increase the return gap between risk-understanding, long-term investors and risk-adverse, short-term prognosticators.

 

Monthly Quote:

“I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years.”

-Warren Buffett

Ryan FiegiFIEGI (Finances, Investments, and Extremely Good Insight) Report – July 14, 2022

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