If you showed any economist these five major economic indicators and asked them to describe how this economy is doing, I’m pretty sure they would all say this represents an extremely healthy and growing economy.

Yet behind these strong numbers, there’s always some gloom and doom coming from doomsday prognosticators. They say a crash is coming. They the numbers are fake. They say a recession looms.

One of my favorite sayings is that doomsday predictors have correctly predicted 27 out of the last 3 market crashes. The joke is that they’re ALWAYS saying it, and rarely right. But when they are, they loudly proclaim “see? I told you so!”

So what do YOU do? Listen to the negativity? Nope. You stay the course. We know recessions and market crashes will come. That’s part of the economic cycle. It could start next month or we could have a 5+ year run up before it happens. We don’t know. But we DO know if you stay the course through thick and thin you ride out that short term volatility. As Warren Buffet said “The stock market is a device to transfer money from the ‘impatient’ to the ‘patient’.” Be the patient person. Keep putting your money in. Ignore the temptation to play tricky games. You’ll be glad you did!

As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.

-Jeremy