And, just like that, it’s summertime in East Tennessee. I hope you and your family are planning ways to enjoy warm weather activities and festivities that are abundant in our region this time of year.
I feel the need to frankly address the volatility we’ve recently seen in the market. Instability may cause distress and it’s hard to endure market downturns, but you are certainly not alone.
Money moves when the market is uncertain because people get nervous. You may be confused on what to do to protect your assets – especially as situations rapidly change. Downturns are always expected. Even if this seems different from a timing standpoint or from the sources of volatility, we’ve been here before.
How we act during a volatile period is important. We need to determine what is in our control before deciding how to proceed. We cannot react impulsively. All the work and planning and goal setting that you have completed with your team of experts at The Trust Company of Tennessee have prepared you for these times. We are not afraid and encourage you not to be fearful either.
These times also bring our experts closer to our clients. This is how it should be since we always focus on building enduring relationships. We remain your trusted source of support and guidance in good times and harder times.
We have already communicated with so many of you and our message is the same: we’re here for you, we’re in this with you, we’ve faced this before, and we want you to remain disciplined and steadfast.
Call, email, make an appointment or send me an email at dcarter@thetrust.com and let us know your concerns and how we can best navigate this together. We don’t want to endure times like this, but we welcome the opportunity to deepen your trust in our team and serve you even better.
Inside this newsletter, you’ll find an insightful article about retirement spending rates, a spotlight on Susie Hauk and celebrations of many milestones, including a surreal personal 30-year work anniversary. Updates include this newsletter moving to publishing in June and December. Look out for some other fun things in the mail, such as postcards with one of our soon-to-be-favorite recipes.
Our team is full of financial experts who, in my opinion, are some of the smartest in the business. We’re invested in you and your family and want to never lose sight of the great people we serve. Thank you for choosing and trusting us.