Capstone Capital Wealth Advisors recently celebrated its 20th Anniversary! We are very grateful to our founders, Ron Leavitt and Jeff Burr, for their vision of creating an independent wealth management firm committed to always doing the right thing for our clients. We especially appreciate our wonderful clients for making this incredible journey possible. We’re excited to see what the next 20 years will bring and we’re here to help every step of the way.
As we reflect on the past 20 years, we marvel at the discipline, patience, and tenacity of our clients despite the many challenges we have all faced together. From the aftermath of the 9/11 terrorist attacks in 2001, to the devastation of the global financial crisis in 2008, to the unprecedented shut-downs due to COVID-19 in 2020, they have been remarkably resilient. Those who have stayed the course through the ups and downs of the market have been rewarded for it.
What Drives the Market Forward?
Why has the market always recovered from major setbacks and continued to grow over time despite these and a myriad of other catastrophic events? The answer lies in the indomitable human spirit – millions of people throughout the world going to work every day, striving to make the world a better place. Just think of it – how has your life improved over the past 20 years? What new products and services have changed the way you spend your time, the way you communicate with others, the way you exercise, eat, learn, and have fun?
Of course, past performance is no guarantee of future results, but we believe this is why the market continues to grow over time, and this is why we are optimistic about the future. What new products and services will we not be able to live without in 20 years that we can’t even imagine existing today?
One thing is certain – the future will always be uncertain. Yes, we will have to face many unwelcome, unpredictable challenges in the future. However, uncertainty is not always negative. Sometimes things turn out even better than we imagined they would.
For example, consider the uncertainty of the conflict between Russia and Ukraine. The Dow Jones Industrial Average fell five days in a row before Russia invaded Ukraine. Then the Dow rose two days in a row right after the invasion, which makes no sense. On March 31, 2022, five weeks later, the Dow closed at 34,678, which is 1,546 points higher than the day before the invasion. This story isn’t over yet, but few could have predicted how the market would react to all the horrific, devastating news we have been hearing the past several months.
The key is to stick to your plan, regardless of the news of the day. That will give you the greatest chance for success over the next 20 years!