Difficult Times, Hope Persists

Hard times are here. (I’m still optimistic, though; I'll explain why at the end.)

People are dying, running for their lives, and watching everything they’ve worked for go up in literal flames. And, because of technology, we’ve got a front-row seat in real time.

Energy prices are spiking, markets are volatile. Oh yeah, there’s still a pandemic.

On top of whatever personal stuff we have going on, that might pale next to the suffering of war but is still our burden to carry.

Sometimes, it’s just one thing after another and everything all at once.

What do we do? How do we deal with it?

I think it depends on the day. Some days, we’re overwhelmed and struggle to make progress. Other days we press on and focus on putting one foot in front of the other.

Some of us look to our faith for guidance. We also remember that humans are resilient creatures who have survived and thrived through some terrible times.

We remember that we’re not alone.

Ukraine: What's Next?

Some perspective on the grim situation in Ukraine and what could happen in markets.

(Need a break from it? Scroll down to the P.S.)

The invasion of Ukraine is a serious and scary escalation in tensions between Russia, Europe, and the United States.

Before we dive in to what it could mean, let's take a moment to think about the many folks who are suffering and dying as well as the ordinary Russians who will suffer from sanctions, instability, and economic damage. I hope and pray that diplomacy can end this crisis for all our sakes.

Let's talk about some possible implications for markets and our economy.

Given Ukraine's critical pipelines and Western sanctions on Russia, the crisis may lead to higher energy prices, which will trickle down to higher pump and heating fuel costs.(1) Sustained price increases could hamper the Federal Reserve's effort to control inflation, so we're keeping an eye on that as well.

What could happen in markets? Higher than average volatility, as we've already experienced, is very likely. Another correction (or even a bear market) is definitely possible.

What does history teach us about market reactions to geopolitical shocks?

Money Lessons

What's the hardest lesson you've ever had to learn about money? What’s the most powerful one?

For many folks (myself included), these lessons come from hard-earned experience. (1) They aren’t taught in a classroom. Instead, many folks go to the school of hard knocks. It’s the learn-as-you-go way to understanding personal finance. (1)

And those lessons we pick up can shape how we think about and handle money. (2)

They can also stick with us for life.

So, what are the money lessons that are never too early to know?

Are there any that you still have to learn? Or get better at?

Let’s find out in this month’s Visual Insights Newsletter. These essential finance lessons aren’t typically taught in school, but they’re still incredibly valuable to know as early as possible.

And they can take some people a lifetime to learn.

Hope this helps you out there!