JJ Burns was interviewed by Richard Rose from WLNY in New York during the Labor Day weekend. JJ discussed the history of market corrections, including the current one, and how economic turbulence in China is causing volatility around the world. More importantly, JJ tells viewers how proper financial planning can help to navigate uncertain environments.
Backstage with JJ
As I prepared backstage for the CBS interview, a few things really struck me:
- We live in a much more connected world—in the sense of technology and how events are related.
- The old adage about the butterfly effect came to mind—a butterfly in the southern hemisphere flaps its wings and triggers a hurricane in the northern hemisphere. Lately, the butterfly effect is starting in China. Next week’s location? Who knows? Uncertainty can begin anywhere, anytime.
- Investors need portfolio diversification to better withstand uncertain environments. Unexpected problems that occur in one asset class, continent, region or country can affect many investments. Exposure to U.S. Treasuries and the S&P 500 isn’t enough diversification for a global dynamic.
- Investors need a plan—one that is structured on long-term thinking and preparation for rough patches. A good plan is the sum of the parts, and it equals a greater whole.
At JJ Burns & Company, we believe that proper financial planning can provide a calming experience during challenging times in the market. It’s comforting for an investor to know that their plan has been designed to withstand short-term market disruptions. We’re here to help you stay focused on reaching your big-picture destination.