This time won’t be any different

“The four most dangerous words in investing are: this time is different.” – Sir John Templeton The Great Depression. The 9/11 terrorist attack. The Financial Crisis . . . and now the Coronavirus pandemic. In the midst of this current pandemic, as businesses fail and the unemployment rate heads to 20%, it’s easy to say “this time is different”. In today’s podcast we explain why this bear market won’t be any different than the bear markets that preceded it. Here’s to wise investing, Brian, Brett and the Iron Gate Team       The commentary on this program reflects the personal opinions, viewpoints and analyses of the Iron Gate Global Advisors, LLC employees providing such comments, and should not be regarded as a description of advisory services provided by Iron Gate Global Advisors, LLC or performance returns of any Iron Gate Global Advisors, LLC Investments client. The views reflected in the
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Waiting for the dust to settle

In only 23 days, on March 23rd the S&P 500 was down -37%. The bear market hit hard and fast. The investor fear gauge hit the magical lowest number of one, and the economy shut down. Since that day on March 23rd, the S&P 500 has jumped up 27.50%. Which means, with a shutdown economy, we are currently only down 13.5%! The question remains – Is now still a good time to invest? Is the market going to fall again? Should we wait for the dust to settle to invest more cash? Those are the questions discussed and answered in today’s podcast. We hope you enjoy. Here’s to wise investing, Spencer, Brett, Ella and the Iron Gate Family   The commentary on this program reflects the personal opinions, viewpoints and analyses of the Iron Gate Global Advisors, LLC employees providing such comments, and should not be regarded as a description
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Just the facts please

The famous Warren Buffett famously said in his 2016 annual report, “Every decade or so, dark clouds will fill the economic skies, and they will briefly rain gold.” So, what exactly does Warren Buffett mean by “raining gold?” Let’s look at the facts as presented by our friends First Trust. The image below shows the depth and duration of all bear markets (excluding the one we’re in now) since the early 1900’s. It also shows the bull market that followed the bear market. Here’s the summary: The average bear market lasted 1.3 years with an average draw down of -38% The average bull market that followed lasted 6.6 years with an average cumulative return of 339% Now we have no idea the depth and duration of the current bear market. Nor do we have any idea what the returns will be moving forward. (Past performance is not indicative of future
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The reality of today’s battle

The market has fallen 30% from its highs in only 27 days. The country is shutting down and isolating itself. The pain, fear, and emotions that our country is going through is real and hard. We all know that investing is a marathon not a sprint. But the pain and fear within that marathon has us all asking… What do we do now? Should we sell our stocks? Should we buy gold? Should we quit? Should we keep going? In today’s podcast we are joined by our friend and colleague Jed DeVries. He shares his insights of going through difficult times during real ultra-marathons. The heartache, the fear, the wanting to quit, the actual quitting and the actual finishing and joy that comes from it are the topics of the today’s podcast. If there was a podcast to listen to at a perfect time to listen to it, it is
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Goodbyes

OUR We spent Wednesday making the rounds to say goodbye to all the women at the aftercare facilities. Luckily, we only had two lessons remaining, so we were able to teach them the last lesson and have them graduate from the course before we left. We awarded each of them with a certificate of completion from Utah State University. They were so proud of themselves and treated their certificates with so much care. Most of them propped their certificates up in front of their work space to put it on display. Saying goodbye to all of them was so hard, but it was a perfect way end our time here. It’s incredible how much we have grown to love them in such little time. One of the women, gave me a hug and put her hand on my belly and said “Mira Kana” or look Kenna – a lot of
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We Hate the Corona Virus

Last week we got horrible news that, due to the corona virus, we are being sent back to Utah prematurely from our internship here in the Dominican Republic. We are part of a worldwide program and they are concerned that if the virus continues to spread, borders could close, and we would not be able to return to the United States. Because of this concern and many more, our directors have decided to take us out of country. We will be leaving the DR on March 15th. Although we are devastated that we must leave, we are happy to have a couple of days to wrap things up with the amazing people we are teaching. On Tuesday morning we went to Annamaria’s to help her paint her house. Annamaria sells pet fish out of her home but found that people weren’t familiar with her business because there was no way
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Stock market chaos part II: What should you do?

Earlier this week we sent out a letter to our clients discussing the market chaos that is occurring. Well, the chaos has continued! The market as it stands today is down 20% off its highs. Warren Buffett famously said, “it wise to be fearful when others are greedy and greedy when others are fearful.” Fear right now in the market is approaching 2008 levels. The CNN Fear and Greed index (shown below) is at a level of “extreme fear.” So how do you actually go about doing what Warren Buffett famously said?                     In today’s podcast we address the fear that many are feeling right now. We address the idea of moving into cash and selling your stocks and why that strategy isn’t a successful one. We then discuss several things that people should consider right now, including refinancing a mortgage,
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Ruth’s Story

This week was Independence Day in the Dominican Republic. We spend the day exploring the capital, visiting historical sites and taking part in various celebrations. This week we also met a Colombian woman named Ruth. She has lived in the Dominican Republic for less than a year and recently married a Dominican man. She left a sick mother and her two adult sons back in Columbia when she came to the DR to find a better life for herself. A couple years ago, Ruth was a successful business owner living in Columbia with her two sons, who were attending college. Her dream was to own a home and fix it up just how she liked. One day her oldest son came home from classes and said he saw an incredibly low price on a beautiful home in the next town over. She couldn’t believe that the home was priced so
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I Challenge You To…

  This week was Sydney and Josh’s birthdays. On Sydney’s birthday we visited one of the safehouses. To celebrate her birthday, we brought all the women chocolate chip cookies. They were stoked out of their minds! They couldn’t get enough and kept asking us for the recipe. We sheepishly replied that we had bought the mix from the store. When the women found out that it was Syd’s birthday, they immediately began singing and gave her a brand-new hairbrush as a gift. They also gave her stones that they had painted for a craft activity. Although they didn’t have much to give her, it was so cute as they all surrounded her, hugged and gave her what they had to offer. As we were leaving, one of the women came up to me and said, “each one of us has so much love in our hearts for all of you.”
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The Coronavirus: Is it time to sell stocks?

The market is down 8% since hitting all-time highs on February 19th. The past two days have been volatile to say the least. The big global worry – the Coronavirus. In today’s podcast we discuss the Coronavirus, it’s impact, and what investors should do. When the market is trading at all-time highs, everyone is cheering for a market correction (pullback) so they can buy great businesses at cheaper prices. Then when that correction comes, the reaction emotionally different. Listen to this important podcast to understand exactly what you should be doing and thinking. Here’s to wise investing, Brian, Brett and the rest of the Iron Gate Family     The commentary on this program reflects the personal opinions, viewpoints and analyses of the Iron Gate Global Advisors, LLC employees providing such comments, and should not be regarded as a description of advisory services provided by Iron Gate Global Advisors, LLC
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