Every year as Thanksgiving approaches, I feel inclined to take note of the blessings in my life. This has been a more challenging endeavor when looking back on the past year. The economy has been shaky, with many experiencing layoffs and an ongoing inflation concern. High interest rates are making purchasing a home or expanding one’s business unaffordable. From a Jewish perspective, the terrorist attack on October 7th will go down in history as one of the worst days for our people since the Holocaust.
Yet, no matter how challenging the environment, there is always reason for hope and items for which to be grateful. This is true for life as well as investing. The past few years have been challenging for the stock market. Given this rough patch, investors may lose confidence in their strategy and make impulsive decisions that may derail their financial lives. Taking a step back and highlighting some things to get excited about may be helpful in motivating investors to stay the course. Below are a few financial planning themes that I am thankful for this year.