Blog Archives - Bourke Wealth Management

‘This Time Is Different’

May 18, 2020 by admin

“This time is different” – John Templeton, one of the most respected investors in history. He wrote those words in his 1933 classic, “16 rules for Investment Success.”

Taken out of context, it sounds like, ‘this time really is different.’ But the entire sentence read, “The investor who says, ‘This time is different,’ when in fact it’s virtually a repeat of an earlier situation, has uttered among the four most costly words in the annals of investing.”

So, is this time different? Yes, this market’s gyrations are caused by something new and scary, a virus that has killed hundreds of thousands of people worldwide. In no way do we want to diminish the pain so many families have felt as a result of Covid 19.

So, then, is this time different? No, not to an investor.

The cause of difficult markets is always different. The result for investors is always the same.

One of the benefits of having been licensed as a financial advisor since the 1980s is that I’ve lived through quite a few of these types of markets. And I’ve noticed a commonality. Every time it happens, investors say, “Kevin, you don’t understand, this time really is different. This time we invaded a foreign country.” Or, “This time some of the oldest financial institutions have evaporated.” Or, “This time the market dropped 22%… in one day!” Or “This time terrorists acted on US soil!” Or, Or, Or…

Separating the fear and emotion of the moment from the longer-term view can be challenging.

John Templeton’s words, written during the Great Depression, have proven true one hundred percent of the time. While we are in the middle of the current storm it feels like the world is ending as we know it. It isn’t. It didn’t end the last time investors felt like they do today. It’s not going to end this time.

Smart people all over the world apply their collective genius to problems like this and find a solution.

Every. Single. Time.

It’s hard to set emotions aside, especially when the headlines are so dire but we must. Investors have to hold steady and be disciplined in their approach. John Templeton, who was referred to as, “arguably the greatest global stock picker of the century,” survived and thrived through countless crises and investors will get through this one as well.

So in light of how history repeats itself what should you be doing now? That’s for a future post.

Bourke Wealth Management 2019 Scholarship Award goes to Christian Mayo Hernandez

July 26, 2019 by Bourke Wealth

Christian Mayo Hernandez, the recipient of the 2019 Bourke Wealth Management Scholarship award administered by the Santa Barbara Scholarship Foundation, is an enthusiastic student who has proved his work ethic and determination will not waver. We are thrilled to grant him this year’s scholarship. Congratulations, Christian!

Below are the letters we received from the Scholarship Foundation of Santa Barbara and from Christian himself.

“Christian Mayo Hernandez is a first-generation college student who will continue as a sophomore at the University of San Francisco this fall. He is studying finance and banking and hopes to pursue a career as a financial advisor. Christian has a 3.85 GPA and has spent time volunteering for Kids Helping Kids and as a tutor. Christian’s academic advisor writes that ‘Christian is mature and tenacious and helped his father and mother overcome severe economic hardship by taking on several duties including babysitting his 9 year old and 3 year old brother and sister.’ He writes in his essay that moving to college was extremely challenging, but that ‘I will try my absolute hardest in school so that one day I can repay those who invested in me, that’s what motivates me most.’

-Scholarship Foundation of Santa Barbara”

“Dear Bourke Wealth Management Scholarship Fund,

Thank you for helping me to pursue my dream of attaining a college education. Being a first-generation college student and being from a low-income family, it’s really important for me to be able to get as much financial aid to help pay for all my college expenses. With this scholarship I will be able to focus on my classes and classwork and not on how I will pay for my college education. This scholarship will give me the opportunity to continue attending a four-year University and to attain a college degree which will influence my future greatly.

Thank you for helping lift a weight not only off my shoulders but the shoulders of my parents since they worried about how I was going to pay for my college expenses. I will continue to work hard to make all those who believed in me and invested in my future proud. Thank you for believing in me and investing in my future, your help has made it easier for me to be able to pursue my dream of being a college graduate.

Sincerely,

Christian Mayo”

Kevin Interviewed on Design Center Santa Barbara

April 5, 2019 by Bourke Wealth

Kevin was recently interviewed on a local show, Design Center Santa Barbara, and answered questions such as:

How much can I spend in retirement?
What is the biggest mistake people make in financial planning?
Should parents help their kids financially?

And more…

You can visit Design Center Santa Barbara at www.santabarbaradc.com

Watch the interview below:

Bourke Wealth Management 2018 Scholarship Award goes to Chad Williams

August 22, 2018 by Bourke Wealth

Chad is the recipient of the 2018 Bourke Wealth Management Scholarship award administered by the Santa Barbara Scholarship Foundation, kindly sent us the following letter. Congratulations, Chad! We look forward to hearing more as you progress toward your goal. We wholeheartedly agree that this is a wonderful career.

Good luck!

Dear Bourke Wealth Management Scholarship Fund,

I have often considered the role of education in discovering and following one’s career path. While this is a question that is by no means to solve, it is institutions and individuals such as yourself that give me the ability to explore this inquiry. I am incredibly thankful for your generosity toward myself and others, and your emphasis on the financial planning career track.

I have always found it elusive to find careers which focus on altruistic pursuits. This is especially true with respect to the financial and accounting fields, where I have had moments of disheartenment due to the negative perception of these fields. On multiple occasions, my peers have expressed concern about these fields on the basis that they are unethical.

However, opportunities such as the CFP program demonstrate that this perception is not accurate. There is much work that can be done in applying the skills of finance and communication to improve the well-being of others. I do hope that you continue to promote this program; I believe that many people my age could find it to be a fulfilling option for work.

Thank you dearly for this scholarship. Know that you all are making a very good case in showing the good this career has to offer.

With gratitude,
Chad Williams

Pacific Coast Business Times: Who’s Who in Banking and Finance

June 11, 2018 by Bourke Wealth

The Pacific Coast Business Times is a business oriented newspaper that covers three counties, Ventura, Santa Barbara and San Luis Obispo.

Each year, the Pacific Coast Business Times prints “Who’s Who in Banking and Finance.”

Bourke Wealth Management is proud to announce that Kevin Bourke, the founder, was listed for the fourth time as one of the ‘Who’s Who’ in the June 8, 2018 issue.