REMAINING CALM WHEN UNCERTAINTY SURROUNDS US

JUSTIN VOSSEN, CFP® + INVESTMENT ADVISER, PRINCIPAL

First off, I am not a doctor so I am not going to try and discuss viral transmission rates, virology, mortality rates, or try to put COVID-19 into any analogy to make us feel better or worse. Perhaps it’s also true that many other resources know as much about the virus as I do, so please take caution.

History says that when faced with uncertainty, we as humans tend to panic. This panic leads us to our instinctual “fight or flight” reflex that comes from our hunter-gatherer ancestors hundreds of thousands of years ago.  Humans feel compelled to do something.

You can see this in several ways, that now seem irrational. Remember after 9/11 when nobody would travel to New York or even get on an airplane? President Bush wore a bulletproof vest to the World Series? How about at the height of the HIV virus epidemic when individuals were shunned and ostracized from families and society, sometimes even violently?  Remember when the Fukushima nuclear disaster in Japan caused a run on pharmacies of potassium iodide pills on the west coast of the United States?

At the moment, those events were rational reactions for many. Today, they might seem like an overreaction.

As it relates to your investments, nobody knows the true impact of COVID-19 on the global economy in the coming weeks. Nobody knew what the future held for H1N1, Ebola, SARS, or Zika at the height of their outbreaks. At those times, people panicked and sold only to find those investments higher days, weeks and years later.

A sound financial plan is an investor’s best defense against the “fight or flight” response. Plans are designed with the knowledge that the future is uncertain, and that negative events are inevitable. Instead of panicking and speculating, take comfort in knowing your portfolio was designed to accommodate this, and all the other bumps on the road ahead.

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Please remember that past performance may not be indicative of future results.  Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Lutz Financial), or any non-investment related content, made reference to directly or indirectly in this newsletter will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful.  Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions.  Moreover, you should not assume that any discussion or information contained in this newsletter serves as the receipt of, or as a substitute for, personalized investment advice from Lutz Financial.  To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing.  Lutz Financial is neither a law firm nor a certified public accounting firm and no portion of the newsletter content should be construed as legal or accounting advice.  A copy of the Lutz Financial’s current written disclosure statement discussing our advisory services and fees is available upon request.

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ABOUT THE AUTHOR

402.827.2300

jvossen@lutzfinancial.com

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JUSTIN VOSSEN, CFP®, NAPFA + INVESTMENT ADVISER, PRINCIPAL

 Justin Vossen is an Investment Adviser and Principal at Lutz Financial. With 21+ years of relevant experience, he specializes in providing wealth management and financial planning services for high net-worth families, business owners in transition, endowments and foundations. He lives in Omaha, NE, with his wife Nicole, and children Max and Kate.

AREAS OF FOCUS
  • Investment Advisory Services
  • Comprehensive Financial Planning
  • Business Owner Planning & Succession
  • High Net Worth Families
AFFILIATIONS AND CREDENTIALS
  • CERTIFIED FINANCIAL PLANNER™
  • National Association of Personal Financial Advisors, Member
  • Financial Planning Association, Member
EDUCATIONAL BACKGROUND
  • BSBA in Economics and Finance, Creighton University, Omaha, NE
COMMUNITY SERVICE
  • St. Augustine Indian Mission, Board Member
  • Nebraska Elementary and Secondary School Finance Authority, Board Member
  • St. Patrick's Church, Trustee
  • Mount Michael Booster Club Board
  • Lutz Gives Back, Committee Chair
  • March of Dimes Nebraska, Past Board Member

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