This week’s review is a sobering one with a news cycle that has been relentlessly difficult to witness. As this week’s Weekly Market Review outlines, the investment markets often times do not acknowledge the emotional negativity that we as humans experience. As investors who do not want to see our investments decrease, the markets unbelievable resilience is a positive and something we can be thankful for, even when there is so much to be sad about.
- Over 2,200 people have perished as a result of the earthquake that hit Haiti as week ago on August 14th. An already poor and troubled country, Haiti lacks the resources to rebuild in the same manner or speed we in the states would. This NPR ARTICLE outlines ways you can provide needed relief to Haiti.
- The news out of Afghanistan is disheartening. The disaster hits almost every front of negativity and continues to be an ongoing gigantic disaster in all possible ways. As the WMR details, two decades of efforts and a ton of money by our own country have led to great frustration and disappointment over the fast fall of the country into the hands of the Taliban. This TIME ARTICLE shares avenues on how you can help.
- The damages and lives lost by the flash flooding that occurred in the western parts of middle TN over the weekend were incredibly devastating. Even still, there are people that are unaccounted for. This ARTICLE from the Tennessean delivers ways you can help those that are in desperate need.
- COVID-19 continues to hijack our lives and divide us as communities, along with killing so many. We don’t have to all agree on how best to manage through all the difficult choices and circumstances that have come with COVID. However, civility and respect for those with differing opinions or beliefs have been in really short supply as the Delta variant has spread so quickly. The emotions that run with coping in a COVID dominated world are hard enough. We are ALL tired of COVID. All of us want this to pass quickly so we can resume normal life. Remember that this temporary virus will eventually be under control and hopefully completely gone, but without civility and respect many relationships may be permanently damaged.
Oh yeah, investing for the long term is important. If your household is trying to prepare for a financially successful post-work life and isn’t saving/investing 15% of your gross income, you likely may come up short and/or have to work longer than you hoped. Our team can help you figure out how to get from point A to point B!
As always, we hope you find the WMR both informative and interesting. Have a good week!
Trevor N. Coe, CFP®