Feel the Fear

Have the market events of the last few months given you pause? Has the media convinced you that the Great Depression II is at hand?

The press is saying, “This time is different, the market will never recover.”

Are they correct? Possibly

I have spent the last 6 days around some of the best minds in the investment industry. Universally they are saying, “This is a buying opportunity unlikely to repeat in our life time.”

Are they correct? Possibly

As much as we would like to, we do not know the future. What is coming is uncertain.

What I see is unprecedented opportunity. However, it may not be the kind of opportunity you are focused on. Ponder these ideas as possibility.

• We demand accountability and transparency at all levels of corporate governance.
• We no longer accept the premise that investing in Altria and then donating to an anti-smoking campaign makes sense. We insist on going good AND making money and no longer see these as mutually exclusive options.
• We hold corporations accountable for their social record.
• We recognize that no or lax regulation does not work. The ethical players in the industry come together to produce meaningful regulation that provides consumer protection from excessive greed and fraud.
• We live in world where one of the fundamental principles is living within your means. Saving money is the cool thing to do. Excessive debt, at every level, personal, corporate, and government is frowned upon.
• We focus our attention on breaking our dependence on consumption to drive our economy. Instead of buying more stuff, extracting more limited natural resources to put things in our homes we may or may not use, we focus those resources on rebuilding our aging infrastructure, educating our youth and building a green energy economy.

What do we need to do to attain this possible future? Feel the fear. Do not react to the fear. Feel the fear and let it pass thru you, like a gentle breeze. Take the energy that was fear and use that energy for the greater good. Use your imagination. What would you like the new financial world to look like?

Be a part of the solution, not a part of the problem.

This is a time of change and possibility. Carpe diem!

May prosperity be yours,
Mackey McNeill, CPA/PFS, IAR
President and CEO
Mackey Advisors
www.CultivatingProsperity.com
859-331-7755
Mackey@CultivatingProsperity.com