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A bite sized discussion on timely financial news and investment topics, to help you maximize your net worth and wealth for the next generation with Justin Dyer and Mena Hanna of AWM Capital.
Justin Dyer: Hey everyone, welcome back
to another episode of a WM Insights.
Obviously, this one is a
special holiday episode.
We're gonna keep it relatively brief,
hopefully, but uh, also give you
enough, um, fulfillment, um, to, to
compliment your Thanksgiving meal
around the investing side of things, um,
with a little taste of, of gratitude.
You know, it, it, the last
couple episodes actually.
Set us up pretty well, uh, to, to chat
about some stuff today, um, around
gratitude, around perspective, et
cetera, that, um, hopefully are are
meaningful talking points to you.
You know, it wasn't, uh, all that long
ago, literally when we're recording this
today, the day before Thanksgiving, it
will probably get released afterwards,
but what was it four days ago where
markets were correcting pretty, pretty.
Strongly, you know, it wasn't a,
a formal correction in, in the
sense of the word, but last week
wasn't the the best week, right?
It was one of the, the, um, worst, worst
weeks we've experienced so far this year.
Still a great year.
Um, and fast forward to today
and, uh, and this week markets
have recovered pretty nicely.
Kind of like two plus two-ish
plus percent depending on what
market you're talking about.
Since, uh, our last recording.
And it's great perspective to have, right?
You, you could have argued in a
number of different ways that markets
should keep declining because of the
over exuberance in ai, uh, what's
going on in the economy, right?
We just saw consumer confidence, um,
data recently that was not very strong.
And so, you know, you can make this
argument that markets, uh, should
continue to decline and, and.
Maybe that happens from here.
And I'm, I'm the, I'm the, the straw that
tips the camel's back, uh, so to speak.
So, um, but we just know that that
is incredibly difficult to do and we
wanna a remind people that that is
why you don't try to time markets.
It's good to ask questions, Hey, why
are markets acting in this way or that.
You can't necessarily, uh,
extrapolate a week or a couple
weeks well into the future.
You don't know when things are
gonna turn for the positive.
You don't know when things are gonna
necessarily turn to, to the negative.
But that activity, we, and we mentioned
this last week, but that activity
kind of gives us this confidence
that we're gonna be able to meet.
Your goals, your priorities, and
that kind of is where we're gonna
pivot this conversation into
the, the side of grad gratitude.
Right?
Mina.
So like, you know, give us a sense
of how we think about investing
for priorities and, and, and tie
that into the, the gratitude focus.
Mena Hanna: Yeah.
And, and the gratitude focus.
You know, last week we kind of talked
about the sell off, but you should
be thankful for the sell offs because
that means that there is an outcome
that's positive for you in the future,
and that future positive outlook is
going to help you meet your priorities.
That 5% sell off that we got.
Is good now, it reduces your return.
You see a little bit red of red for
that week, for that given period
of time, but have to kind of take a
step back and reflect on the year.
We're still up close to 15% in general,
and that's something to be thankful
for and you're kind of 15% closer.
If not, you have a 15%.
Cushion now in terms of meeting
your priorities and accomplishing
everything that you actually
wanna accomplish down the line.
So there is always bad
that comes with good.
You're never going to just have
a perfect investment experience
if you do, um, that is.
Well, I should say you're not going to,
and if you do, you're probably invested
in, uh, in a Ponzi scheme or some
sort of, uh, some sort of Madoff fund.
Um, and it's going to look
very bad in the future.
But, but yeah, this is just the reality
of being an investor and it gives me
at least peace of mind knowing that.
The outcome at the end of the day, if
you look at things from, from a big
picture, is going to be positive and
that markets are functioning properly.
Justin Dyer: Totally.
And, and what you're talking
about could be construed as
hypothetical, this and that.
And, and I just wanna add to
that, hey, you're 100% right.
I'm not saying that you're, uh,
you're, you're, you're throwing out
hypotheticals that we don't know about.
But through our many years experience,
my many years of experience
now I'm, I'm the old one here.
I can tell you all the, our
listeners, our clients that.
That, that this is, this is how it
works, this is how markets function.
And it's so powerful to have
a conversation with a client.
We, we got a report recently, um, where
a client was finally able to buy a
ranch, start to build their dream home,
you know, hundreds of acres of land, I
believe it was, and just reflect on the
power and have gratitude around that.
They would not have been able to do
that without the volatility, without the
expected return and bumps along the way.
And so.
I.
Mena Hanna: I.
Justin Dyer: That is.
W where the power of priority, the
power of reframing, what's important
when it comes to investing, to meeting
your priorities and building portfolios
that do that in the highest probability
fashion, uh, it really comes into play
and, and the ability for some of you
who are just getting started investing.
Maybe you're thinking about daily
movements a little bit more or
um, just absolute dollar amounts.
And yeah, those things do matter
and hopefully these podcasts help
reframe how to think about those
and, and tune out that noise.
'cause it is noise, it is volatility
along the way to understand, hey, no,
we're doing this in the most robust way
using this whole decision process that
we've covered over the last five or
six episodes prior to the last couple.
And it, it gives you this
confidence that there's.
A higher, a higher purpose
really of, uh, of investing.
And that is to, to meet those priorities
and then gives you that point to,
to, to have fulfillment, to have that
period of gratitude reflecting and
refocusing on what you've been able
to accomplish with, with our support.
Um,
Mena Hanna: and it's so important
to acknowledge one thing that you
said, like we are emotional beings.
There are going to be challenging times.
It's not always going to be to be
positive and up and to the right.
but.
Taking a step back, understanding
that and also understanding that
these roadblocks, these, these bumps
in the road are, are natural, are
part of the experience, really helps.
It gives me at least peace of mind
knowing that I am going through
exactly what I should go through and.
Justin Dyer: Uh,
Mena Hanna: Kind of taking
that emotionalness side.
I'm a very emotional person.
I'll just admit this right now,
but spinning it in a, in a positive
way, um, that helps me at least
make solid decisions and, and have a
solid decision making framework that.
kind of tunes out the, the negative
emotional piece and, and really
focuses on on the positive effects
and impacts of what I'm doing long
term, at least with my own portfolio.
Justin Dyer: that's 100% correct.
Right.
This is a, uh, a great conversation kind
of summary of this idea of being human
centered, bringing that human purpose to
investing to your money, to your wealth.
Um, yeah.
And hopefully the, these, these
points really, uh, drive that home.
We're gonna wrap here.
Uh, like I said, keep
it a little bit shorter.
I do want to just, um, extend a little
bit of personal gratitude to everyone.
A everyone listening, uh, to the podcast.
We, we love, uh, any and all feedback
here, um, but most importantly
to any of our clients listening,
you know, we, we obviously
wouldn't be here without you all.
We are truly grateful, um,
to partner with you and, and
really help steward your wealth.
Um.
Mena Hanna: um,
Justin Dyer: To meet your priorities
through this journey of life.
It's incredibly rewarding work
for all of us here at a WM.
And so we can't thank you enough.
And with that, we hope truly that you have
a wonderful Thanksgiving holiday spending
time with your friends and family.
And until next time, own your wealth,
make an impact, and always be a pro.