The Prudent Retiree - February 24, 2016
“We may encounter many defeats, but must not be defeated.”
Maya Angelou was a renowned author, poet and civil rights activist. She was born during a time of virulent racism and transcended an early life of discrimination, abuse and family tragedy. In spite of seemingly insurmountable obstacles, she persevered and rose to global fame. She considered herself first and foremost a teacher and worked tirelessly to help others.
Ms. Angelou recited her poem “On the Pulse of the Morning” at President Bill Clinton’s inauguration. That broadened her appeal across racial, economic and educational boundaries. The hardship and evil she experienced never stopped her, but instead inspired her to continue striving for her beliefs. Certainly she suffered defeats, but was never defeated. She never stopped communicating a message of hope.
Investors can take her lesson of perseverance and achievement during hardship to heart. We all know that the market cycles and at times goes through prolonged rough patches. This is when it is easy to give up. Prudent Retiree believes we need to remain constant in our process. This risk management discipline has helped us to manage risks during times like 2000 and 2008.
At times it will seem like we’re losing, but market history shows that careful planning will probably result in retirement success. Defeats, but not defeated.