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In contexts of high market uncertainty, we tend to compare previous experiences and act similarly.
However, our investment could be at risk if we fail to accept that not all situations are identical.
In this episode, Peter Gutekunst and Brian Henrysen sit down to talk about the typical historical perspectives and clichés that we hear during times of crisis. They explain how these should not be used to make financial decisions and how they should not be viewed as absolutes.
Peter and Brian discuss:
- How “this time is different” can be the most costly phrase
- How sometimes owning or buying something that doesn’t seem right at the moment can be a good move at the end of the day
- The value behind diversification
- The reasons people search for economic information based on crises from 1950 and why we shouldn’t use past solutions in current crises
- The importance of investing in quality assets
- The benefits of working with a team that has a better understanding of the current market
- And more!
Resources:
Connect with Peter Gutekunst:
- LinkedIn: Peter Gutekunst
- Gute Financial Services
- Gute Calendar
- Book a call with the team at Gute Financial
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The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete, it is not a statement of all available data necessary for making an investment decision, and it does not constitute a recommendation. Any opinions are those of Gute Financial Services and Peter Gutekunst and not necessarily those of Raymond James.
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