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"The key to making money in stocks in not getting scared out of them."
- Peter Lynch (former Magellan Fund manager)
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The Uncertainty Disease
The world is awash in uncertainties and always has been. The only thing that has changed is that these uncertainties are now magnified and extrapolated into the crisis du jour by a content starved media. Sometimes we understandably have trouble separating out the credible from the sensational.
Remember the H1N1 flu? Recently the World Health Organization admitted that the past flu season was actually milder than normal despite their clarion call for panic and issuing notice of a pandemic. Sure, many factors went into that outcome, but the worldwide media simply went into a frenzy with escalating claims of impending doom. Today, many investors have been scared out of the markets due, at least in part, to the steady drumbeat of pessimistic stories in the media about any number of real and imagined financial issues.
Our role as independent financial advisors is to provide context, perspective and discipline. What happens next month or even next year is simply not knowable and we shouldn't be overly concerned if we have our focus on our properly constructed long term goals. Panic and fear are good for selling magazines but bad for financial independence. We have to be vigilant and not allow the negativity and emotion to overcome us. Our narrative has to change to allow for the possibility that our worst fears are likely unfounded.
Our time tested, trademarked process Wealth Rx® is anchored on providing consistency, discipline and transparency. Bad information, indiscipline and relying on product salespeople for advice are the invariably fatal disease. We can be the cure.
- James E. Wilson, CFP®
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WealthRx® is J.E. Wilson's unique wealth management process, designed with successful physicians in mind. Learn more. Contact 
