Search
  • Joe Cardello

We are All Connected - October 30, 2020

I contemplated not writing a letter from August Wealth this month, but I decided to write a very brief one. As many of you know, October can be a particularly difficult time in my life. It isn’t that I think about time or dates on a conscious level, but there are factors that impact me emotionally just because of the time of year. The good news is that I have a heightened sense of awareness of my strengths and weaknesses. I have grown to respect the fact that it draws on my energy levels, I rest and reflect more, and I come out of it stronger than ever. This awareness of hope for the future, faith that life’s problems tend to work themselves out, keep me moving forward even when life is hard.

Many others I speak with also seem to be having a hard time right now: political uncertainty, market volatility, increase in Covid-19 infections and the response to mitigate it, fear of election outcome and social unrest, and the upcoming holidays and how we will or won’t celebrate this year. The stress and emotion people feel is real; uncertainty and change can be hard. I have a great deal of empathy for the pain people are experiencing. However, as in all aspects of life, this too shall pass. It’s all just temporary; my advice, focus on the present instead of the way things were or the way things might look in the future. The present to me looks pretty good, and it’s not just rose-tinted glasses (I don’t own those!).

I have faith that we are more alike than different, and although we lose that perspective sometimes, people will come around to the view that we will move forward and help one another. Our government is founded on universal truths and a dynamic system that will get us through. Those founding fathers were wise men. We will have resolution on election results soon (maybe not right on election day), and even if we have some disturbances, most people will just continue with their lives. Most adults know they are being manipulated to a degree if they are on social media, and so they will view the stories they read recognizing with some degree of caution.

Covid-19 mortality rates continue to decline for all age groups as treatments improve, and someday in the future we will be passed the dominant theme of the moment.

I hope we are all able to celebrate the coming holidays by giving thanks for all we have been given: our lives, our families, our country. The more gratitude we have, the less we will view changes to the way we celebrate as a negative. It just becomes a different way of celebrating this year.

All this uncertainty and fear is likely to leave many people waiting for more clarity and certainty before moving forward. In many of my conversations, I sense people’s trepidation. However, the economy continues to recover, in the aggregate we continue to move forward, and this momentary pause because of elections and Covid will be behind us soon. There are many investments that will likely benefit in the coming years, but I suspect many investors are not participating yet. From my perspective, the climate for investment and growth look very positive indeed. I am grateful for the opportunity to be a part of it.

No book or quote this week, but a Netflix Movie!

My Octopus Teacher This documentary really had an impact on me. It is a metaphor for life. We are connected to each other, and we are connected to all of life on earth. Sometimes we lose our way, but the path to happiness and beauty is right in front of us if we stay open to seeing how miraculous life is. I won’t give any details away, but bottom line, I don’t eat octopus anymore!

Joseph Cardello, Principal August Wealth Advisors, LLC The Loft, 101 Franklin Street, Suite A

Westport, CT 06880 Direct (916) 461-9451 toll free (800) 985-9477

jcardello@augustwealthadvisors.com www.augustwealthadvisors.com

Investment advice offered through Stratos Wealth Advisors, LLC, a registered investment advisor; DBA August Wealth Advisors.

Trading instructions sent via email, fax or voicemail will not be honored. There is no assurance that these messages can be retrieved on a timely basis, nor is there any sure method of confirming the customers identity. The information contained in this email message is being transmitted to and is intended for the use of only the individual(s) to whom it is addressed. If the reader of this message is not the intended recipient, you are hereby advised that any dissemination, distribution or copying of this message is strictly prohibited. If you have received this message in error, please immediately delete. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful. No reader should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence. Investing in the bond market is subject to risks, including market, interest rate, issuer credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies is impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise. Current reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed

75 views0 comments

Recent Posts

See All

August Wealth Advisors, LLC

The Loft, 101 Franklin Street, Suite A 

Westport, CT 06880

Toll free : 800-985-9477

Direct: 916-461-9451

Investment advice offered through Stratos Wealth Advisors, LLC, a Registered Investment Advisor DBA August Wealth Advisors, LLC.

August Wealth Advisors, LLC offers its financial services through Stratos Wealth Advisors LLC (“Stratos”), a Registered Investment Advisor with the U.S. Securities and Exchange Commission (the “SEC”). Registration with the SEC does not imply a certain level of skill or training. Public information concerning Stratos Wealth Advisors is available at https://www.adviserinfo.sec.gov/IAPD/Default.aspx.

Information presented on this site is for informational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any product or security. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed here. When you link to any of the websites provided here, you are leaving this website. The information and opinions contained in any of the material requested from this website are provided by third parties as well. They are for informational purposes only and are not a solicitation to buy or sell any product mentioned. We make no representation as to the completeness or accuracy of the information provided by these third party websites or third party materials.