Overcoming Obstacles

Ty A. Bernicke CFP® | Posted: January 23, 2019

I have always been truly inspired by stories about people who use difficult situations in life to grow personally. This is exemplified by Ronda Rousey, the first woman in the United States to win an Olympic medal in Judo.

When Ronda was a young child she was injured for an extended period of time, which prevented her from standing up and practicing Judo. Fortunately, there is a common move in Judo called an 'arm bar' that does not require you to be standing up. This move was all she could practice for several months, and she got very good at it.

Ronda credits that period of her life for providing her the skill that led to her medaling in the Olympics. She also used this move multiple times in competition to become one of the most decorated female mixed martial artists in history. Ronda's obstacle might have ultimately been one of the best things that happened to her.

Investing Obstacles

At the time of this writing, as investors, we are experiencing some obstacles in the form of various headwinds in the investing markets. Since my family originally started in the investment advising business over 30 years ago, there have been many similar obstacles that we have helped people overcome. During those times I witnessed many different reactions from people. The majority of the clients we work with have been able to emotionally stay committed to the investment strategy we have developed, without making hasty decisions when the waters have turned rough.

With hindsight being 20/20, the decision to stay the course may have been difficult to commit to, but in my opinion, it was generally the right decision in the end. In my experience, the small percentage of people who have been unable to stay the course have had regrets when the markets changed directions for the better.

During rough times I think many people start questioning whether they should be more conservative, invest in something different, or change something within their portfolio. Although there are limited circumstances when this may make sense, generally it is not a wise endeavor.

What is Bernicke Wealth Management Doing during Heightened Market Volatility?

At our office we have people who are reviewing accounts on a daily basis. We also have people who are doing investment research on a daily basis. Sometimes there are strategic changes that may affect many clients, while at other times, we believe inaction is the best policy. Regardless of whether changes are being made or not, we strive to continuously and strategically do the best that we can for our clients' investment accounts.

We believe, like so many times in the past, that the recent heightened market volatility will pass, and upon future reflection, we will learn that it was just another obstacle that we overcame together. In the meantime, please reach out to us if you have concerns or would like to discuss things. After all, that is what we are here for.

About the author

Ty A. Bernicke CFP®

Ty Bernicke is the President of Bernicke Wealth Management and serves as a Senior Wealth Manager. Ty currently works with a limited number of clients that require wealth and/or investment management services. His research on investment management, retirement planning, and tax minimization strategies have been published or recognized by The Wall Street Journal, Forbes, The New York Times, Futures Magazine, and many other well-known national and international publications. Ty Bernicke and Bernicke Wealth Management give back to the community and environment through numerous charitable endeavors. Ty spends his free time with his wife, two daughters, and one son. He also likes to fish, golf, and exercise.

Certifications, Licenses, and Registrations

  • Registered Principal with Triad Advisors, LLC
  • CERTIFIED FINANCIAL PLANNER™ professional
  • Accident, Life, Health, Property, Casualty, and Variable Life/Variable Annuity Insurance Licenses

Education and Training

  • Series 7, 66, 63, 24
  • Bachelors Degree - Finance; University of Wisconsin-Eau Claire
  • College for Financial Planning graduate

Forbes Finance Council Member 2018

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