Planning with BCM
Risk Managed. Goals Achieved. Wealth Realized.
At BCM, we work with financial planning and advisory clients who have $500,000 or more of investable assets, seeking to partner with a team of trusted advisors focused on protecting and growing wealth through a thoughtful approach.
- Insurance and Risk Mitigation- Generational Wealth Transfer- Capital Preservation Strategies
- Retirement Strategies- Cash Flow and Debt Management- Cost/Benefit Analysis
- Portfolio Management- Stock Option Strategies- Portfolio Stress Testing
Last week, after we put out the blog titled A Disaster in Real Time, an Opportunity in Retrospect, a retired client pointed out that it would be useful to get further perspective on the historical record of market downturns.
Let’s climb into the Way-Back machine.
First stop – September 1974. What were the then news headlines? There were many, but probably the most impactful one was the resignation of Richard Nixon as part of the Watergate scandal fallout.
As we endure another downside move in the current bear market in stocks, there are some technical analysis terms that come to mind: Bottoming and Bear Market Traps.
“Money’s greatest intrinsic value—and this can’t be overstated—is its ability to give you control over your time.”
- Morgan Housel
“The hardest work in investing is not intellectual; it’s emotional. Benign neglect is, for most investors, the secret of long-term success.”
- Charley Ellis
“The single greatest edge an investor can have is a long-term orientation.”
– Seth Klarman
“A good idea, a long-term perspective, and the creativity to implement a strategy to profit from your insight are necessary to prosper in finance.”
– Leon Levy
“The most important investment you can make is in yourself.”
– Warren Buffet