We live in a country that has been focused on instant gratification for decades. And as a world leader, the U.S. has infected the rest of the world with that culture of instant gratification.
I recently wrote about how I am a true space nerd, fascinated by all things related to space exploration. So, on Saturday evening, I tuned in to Elon Musk’s update on SpaceX’s development of the Starship spacecraft.
At Flexible Plan, one of the many benefits of being in the markets for nearly 40 years is that we get to look back and test many of the constructive ways that would have best served our investors’ interests. Looking back through market history, it is easy to see that markets change and so should market tactics.
Over the last 12 months, investors may have felt like they have seen remarkable bouts of market volatility, despite the fact that the CBOE VIX Volatility Index has experienced relatively few serious spikes. The most notable VIX event over this period was in December 2018, as the S&P 500 declined close to 20% from its prior highs.
Staff members were waiting for us at the airport, which was teeming with people when the transatlantic plane touched down. In a crowded, cavernous room, with signs everywhere in a foreign tongue, they found our luggage and escorted us through customs. Whisked into a private car, they sped us to the dock and our rivercraft.
Investment advice from an unusual source
It was over 30 years ago. I sat in a pew in a little church on the village green of Franklin, Michigan. It was the usual Sunday service, but I was stirred by the sermon from a minister who was still relatively new to me.