Integritas Financial was recently quoted in an article on the Forbes website. Check out the article linked below and see further thoughts on the topic here.

A Short History Of The Great Recession

Here is some extra information to go along with the article about the Great Recession of 2008.

How did the crisis create opportunities for investors?

Many investors were blindsided by the crisis so not many saw this as an opportunity. For those lucky few who had their investments in cash, they were able to buy up some of the biggest companies at extreme discounts. For example, on September 8 of 2008 AIG was selling around $381. By the time it hit the bottom on March 5th of 2009 you could have bought it for just under $6. Today it is sitting around $60. Some famous guy named Warren Buffet once said “fearful when others are greedy and greedy when others are fearful”.

What were the lasting effects of the financial crisis?

It took many years for the markets to recover but because people have emotions, many of them never recovered and had to continue working for as long as they lived. Many retail investors sold at the bottom because of fear and bought back in when the markets had recovered. This irrational behavior shows market timing will always be the enemy of a good investment strategy. Had they stayed in the market until today they would have recovered, dealt with more crashes, and still would have enough wealthy to accomplish their financial goals. The emotional market cycles are like a roller coaster but if you can handle the ride and stick to your strategy you have a good chance of seeing it succeed. This is easier said than done so always work with a professional that can keep you accountable to your plan. I’ve seen enough of these cases to know that time in the market will always beat timing the market.

Send me an email and let me know what you think about the article and my summary.

Fiduciary Mission

At Integritas Financial, we are committed to providing fee-only, fiduciary financial planning services that are tailored to the unique needs of young professionals, particularly millennials. Our experienced planners work with you to develop customized financial plans that address key areas such as estate planning, trusts and wills, retirement, workplace benefits, education funding, student debt, and buying a house.

We believe in transparent, client-focused service that puts your financial goals at the center of everything we do. As a fiduciary firm, we are dedicated to acting in your best interests, and we never sell products that charge commissions to clients.

Our goal is to help you achieve a stable and prosperous financial future by providing comprehensive financial planning services that are tailored to your individual needs. Whether you're just starting out in your career or you're already well-established, we can help you navigate the complexities of financial planning and create a roadmap for success.

Ryan@if-money.com