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Take A Step Back, Breathe

8/21/2024

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I have said it before in this space, but this appears to be a time for a good reminder – being immediately reactionary rarely leads to good outcomes. I mean, sure, sometimes big things happen, but do you know how often? Rarely, that’s why they’re big things.

This just seems to be hitting from many sides lately, though. First, stocks have been all over the place.

Then there’s the question of whether Americans are still traveling or are they pulling back and this is a sign of something bigger happening?

Or is this really a lot being made of not that all that much?

And just as a side note, why not throw on top of all this the fact that the election is still coming up and we are bombarded with stories and questions about what one candidate’s plan or the other will mean?

And oh yeah, have you noticed how dire and blown out of proportion some of those claims can be?

All this coming together at once makes it a time to caution that it is one thing to be aware of what is happening and open to seeing where it goes, it is another to jump to apocalyptic outcomes. The latter will lead to good decisions only in those rare times but will weigh too heavy on the mind on all occasions. So take a step back and breathe.

Warmly,

Josh Bousquet
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To ensure we don't make the folks at the IRS ornery, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein.

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