Macro Minute: Week of January 22, 2024

Today, I thought I’d give a few more of my investment beliefs. You can find the first set by clicking here.

Investing requires foresight. As investors we have little certainty of what will happen near term, but we have much more clarity when looking out into the distant future.

Investing is made harder because it is a constant struggle with one’s emotions. We all have emotions, and they will have us doing the wrong thing at the wrong time if we listen to them in our investment choices.

These next two make investing hard because it can give you a false sense of confidence.

History doesn’t repeat, but it rhymes. Having knowledge of how things have played out in the past is helpful, but it is never the exact same.

The top-performing investments of the recent past will probably not be the top performing in the future. Expecting for things that have happened in the past to continue into the future is by no means certain. This leads to performance chasing. If an investment has a great year, especially if other investments struggle, money will flow into that investment expecting that performance to continue.

DISCLOSURES:

Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Longview Financial Advisors, Inc.), or any non-investment related content, made reference to directly or indirectly in this newsletter will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this newsletter serves as the receipt of, or as a substitute for, personalized investment advice from Longview Financial Advisors, Inc. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Longview Financial Advisors, Inc. is neither a law firm nor a certified public accounting firm and no portion of the newsletter content should be construed as legal or accounting advice. A copy of the Longview Financial Advisors, Inc.’s current written disclosure statement discussing our advisory services and fees is available upon request.