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Chart of the Day: Chart of the Doomsday

Crews Bank & Trust Wealth Management Services Aug 15, 2024
multicolored chart of different

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Today’s Chart of the Day from JP Morgan shared by @StevenKelly49 on X shows the results of popular economists who predicted “Doomsday” scenarios and the return of selling stock and buying bonds at their suggestion. Yes, they are interesting to listen to (as opposed to me saying “just buy good stuff and hold forever,” which would not sell ads in between TV segments), and sadly yes, they may eventually be right, but so far, even after the COVID decline, it didn’t save them.

There is an old saying by American financial journalist Jason Zweig’s father about financial advisors that goes, “There are three ways to make a living:

  1. Lie to people who want to be lied to, and you’ll get rich.
  2. Tell the truth to those who want the truth, and you’ll make a living.
  3. Tell the truth to those who want to be lied to, and you’ll go broke.”
Chart of the Day

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Crews Bank & Trust Wealth Management Services
Crews Bank & Trust Wealth Management Services

Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.

Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.

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