Seeking the Natural Talent
TAKEDOWNS, ESCAPES, REVERSALS David A. Over Financial Advisor
“You’ll have good days and bad days, but stick with your training, and the good days will outweigh the bad.” Tat’s the first piece of advice I give my teams as a wrestling coach. I have three boys, and, while I still coach the little guys, my favorite hobby now is being the dad who cheers from the bleachers.
I always encourage athletes to persevere—to keep working through the down times—and that’s the same advice I give to our clients when the market’s future seems uncertain. It’s easy to live in a state of perpetual worry when we’re bombarded with negative news. Some people feel hesitant and fear moving forward.
Before I suited up as a financial planner, I actually went to school for engineering. At that time, technology stocks were flying and I was presented with an opportunity to begin trading. I spent five years trading options on equities at the Philadelphia Stock Exchange (PHLX), followed by six years trading equities on commodity futures on the New York Mercantile Exchange (NYMEX). I saw many significant events from those floors: the
Watching the market weather massive, world- changing events proved to me its
so-called ‘tech wreck’ of the early 2000s, the terrorist attacks of September 11, 2001, Hurricane Katrina, and the market meltdown of 2008. I also remember standing on the trading floor in March 1999 when we all stopped for a full minute when the Dow hit the previously unimaginable 10,000.
resilience when you keep a long-term perspective.
If anything, watching the market weather those massive, world-changing events proved to me its resilience when you keep a long-term perspective. In the near future, we can expect fluctuations, as we always have, but I want to inspire a long-term perspective. Historical data shows that the market has trudged through many negative times when we’ve faced everything from war to political unrest
to natural disaster. Year after year, in the long term, the market has shown returns.
I can’t count the number of times I’ve pulled aside a young athlete after a loss to offer him reassurance that tomorrow is a new day. We can always look for ways to improve and make better decisions that will help us do better—but the critical thing is to look at each day as a new opportunity to succeed, grow, and do the best with the talents God has given us.
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