I would like to follow up on last week's article regarding our family reunion in Palmer, Alaska. One afternoon I took the opportunity to explore the beautiful area alone. The abundance of life was quite a site for a desert dweller. As I looked out across the Matanuska river towards the towering Pioneer Peak (which I learned is nigh unto Sinai for those who live in Palmer), I was awed by the beauty and timelessness of it all. That mountain was looking down on the valley long before humans discovered the place.
As I crossed a small stream my eye caught a glimpse of something that didn't fit in. It was a portion of an old whitewall tire and the distinctive tailfin of a 50's era Chevy Belair sticking out of the mud. Upon closer examination I discovered the whole bank of the stream was covered with buried old cars I later learned the farmer had put there to protect his property from rising waters.
I thought about the Belair, remembering that in its day it was Chevy's premier family vehicle, and advertisements often showed jealous onlookers, gazing enviously upon the lucky family driving past. That car was once someone's pride and joy, but here it was, long forgotten and rusting in the mud.
As we enter the summer investing season, I must warn that we enter a period of traditionally increased market volatility. With many market players out on vacation, lower volumes can exaggerate market movements. Add to that the current stream of bad news regarding struggles in Europe, Chine, Federal Reserve disappointments, terrorism and of course the unusually stressful presidential election, and you can find plenty to worry about. The investing markets may very well see some large swings in the coming months. Perhaps in response to this, a reader wrote to suggest a topic for my column. His simple request was, "Tell us something we can feel good about."
In my youth I read many books by Earl Nightingale, Og Mandino, and the rest who basically reached the conclusion that people are about as happy as they make up their minds to be, and that 95% of our worries never materialize.
I recommend that during these summer months, Investors keep a long term view. If you need some helping maintaining a proper perspective, might I suggest a visit to beautiful Palmer, Alaska to see Pioneer Peak.
Hi, I'm Dan. I'm a CFP® Professional.
Securities and advisory services offered through Commonwealth Financial Network®.
Member www.finra.org / www.sipc.org , a Registered Investment Advisor. Wyson Financial, 1173 S. 250 W. Suite 505, St. George, UT 84770.
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