February 2023 White-Labeled Client Letter

From this month’s white-labeled client letter:

According to an annual report by PR giant Edelman, only 40% of families globally believe they will be better off in five years. "Economic optimism is collapsing around the world," the report concludes.

It is a concerning analysis, but like all forecasts, survey participants are likely reacting more to their recent past than any sense of their future. The last few years have been concerning at best and harrowing at worst, mainly depending on where you live.

Every day we are asked if the economy is heading toward recession and, if so, how investment markets might react. More recently, we have had several conversations on the debt-ceiling fiasco in Washington and what may come of it.

The news is full of articles and links that attempt to scare you or confirm any pre-held negative biases. For example, CEOs attending the World Economic Forum in Davos, Switzerland, are bearish. 73% think global growth will decline in 2023 (Ward-Glenton 2023).

Does this matter? Do Davos attendees have a unique ability to forecast the future that is somehow lacking in the rest of the population? Does the mountain-fresh Swiss water offer unparalleled omniscience?

After a few sips of Swiss Mountain Natural Mineral Water, we remain skeptical of forecasting. We do not know if we are already in a recession, about to fall into recession, or if the next recession is ten years in the future.

Luckily for long-term investors, we do not have to worry about such things.

Continued in this month’s white-labeled client letter.

Remember, the client letters are yours to use, edit, and/or copy however you like as long as they are only directly mailed or emailed to your clients (no blogs or social media posts).

Your Cause is Righteous.

Photo by Anne Nygård on Unsplash

Your white-labeled monthly client newsletter is linked below. Just click on the Dropbox link and download it from there. A whole bunch of disclosures is included at the bottom of this email, but I urge you to follow these simple guardrails:

1. You are welcome to change, alter, snip, and edit the document as you see fit. If you like one sentence, copy it and put it into your own newsletter. If you like the whole thing. Use the whole thing. It’s yours!

2. Put everything under your name. My name or the name of this newsletter is not to be sent to any of your clients.

3. Should you decide to use any or all verbiage from the newsletter in communication with your clients you are liable for its usage with your clients and responsible to verify its suitability and accuracy.

4. The newsletter is for emailing or mailing to your clients and prospects only. It is not to be posted on your blog as a blog post, nor should it be posted anywhere that can be googled.

Feel free to email me with any questions!