The assumption that what we have just observed recently will continue in the future is called ‘recency bias’. Unfortunately most clients suffer from this type of thinking.
It’s important that clients learn not to rely on ‘recency bias’ when thinking about the stock market. This type of thinking may be accurate in the short-term but it is rarely accurate when predicting long-term results.
This is the perfect webinar for educating clients about long-term investing and dispelling fear among those who feel the pressure to run to the sidelines under emotional duress.
During this presentation Don will illustrate, with extraordinary photos and vivid charts, the upward trend of the Dow Jones Industrial Average over the last seven decades, from less than 200 in 1950 to more than 37,000 at the end of 2023; from the Korean War to the Covid19 pandemic, to the war in Ukraine. Each photograph shows an event that so impacted the American psyche that the mainstream media announced in bold type that “This time it’s different.” – even though it really wasn’t.
Don will also carefully explain that volatility must be distinguished from risk. Risk is the possibility of loss. Volatility is simply unpredictable and sudden change. Risk deserves our attention. Volatility is just short-term noise.
Financial Advisors and clients who attend this presentation will have a better understanding of risk tolerance, risk perception and recency bias – topics all important to understand when developing sound, long-term investing strategy that clients can stick with even in challenging times.
Anyone who listens to this presentation will understand that the market always bounces back, despite the adversity. America is a resilient nation built on adversity. America was built on risk and America thrives on risk. Since the founding of the New York Stock Exchange in 1792, American markets have been going down, coming back and setting new highs. Faith in corporate America has always been rewarded. Clients need to know this.
Don Connelly’s career on Wall Street spans nearly 50 years and today he is one of the most successful speakers in the Financial Advisory industry. Don Connelly educates, entertains and motivates audiences; more importantly – he inspires financial Advisors to achieve great accomplishments through mastering the conversational tools and soft skills that allow financial professionals to communicate with their clients in a totally confident, straightforward and understandable way.
Don’s mission for financial professionals is profound, yet simple:
The more successful we become the further we get away from the basics that made us successful in the first place. Learn to do something right and then do it right every single time.
In an industry that is constantly trying to reinvent itself it’s nice to hear someone, indeed a legend like yourself, preaching the virtues of being nice to people, earning their respect and trust, and learning as a student of the game anything and everything to help mom and dad at the kitchen table.
Thanks so much for what you’ve given me to get back on track — $2.5 million in new assets and possibly another $5 million in the pipeline. Back to the basics-I listen to three podcasts of yours every morning before getting ready for work. Thanks for your wisdom and common sense.
You have my eternal gratitude for making my business successful. Thank you again for your contribution to this great business. I am confident that you have touched and improved endless number of lives.
Don, thank you for all your support over the years. You have had a major impact on the way I approach my meetings and presentations. In short…..”Game Changer.
I have learned so much from you in the past couple of days, since joining Don Connelly 24/7. I love your style and ability to say it like it is. You have such a fantastic way of putting things into perspective.
I have to say you have been an inspiration to me over my career. I always look to your stories to lift me through the bad times and keep me charged during the good ones. Keep up the good work. It works!
Thank you for the many years of inspiration. You have been a driving force in my business for years.
The Don of forthright, practical, time tested and market proven financial advice training. Full of one liners; totally authentic. Love it.