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In Memory: Honoring the 20th Anniversary of 9/11 and the Resiliency of the American Economy

David L. Blain, CFA, is CEO and Founder of BlueSky Wealth Advisors, a Registered Investment Advisory firm (RIA) headquartered in New Bern, North Carolina.

As we approach the 20th anniversary of September 11, 2001, BlueSky CEO and Founder David L. Blain, CFA, presents a special message remembering the thousands of Americans lost that day and the brave men and women who have worked tirelessly to preserve our freedom since. 

At the time of the tragedy, David had just recently started the firm, retiring from a long career in the Special Operations Divison of the US Military. Having served as an expert in counter-terrorism, David understood the fear and devastation that would permeate the nation. To reassure his nearly 30 clients at the time, he mailed out a personal, firm-wide letter honoring the lives of the victims and encouraging clients to have faith in the US Economy and every American's ability to prevail.

A Special Message with BlueSky CEO David L. Blain, CFA

Highlights:

0:00 - 1:50 | Introduction - Remembrance of 9/11, Military Personnel, First Responders, and Innocent Civilians

1:51 - 6:20 | The Role of BlueSky During Times of Crisis, David L. Blain, CFA, Military Career in Counter-Terrorism

6:21 - 9:23 | Economic Crises, Recession, Economic Environment at the Time of 9/11, Resiliency of the Free Enterprise System

9:24 - 10:33 | The Lost Decade of 2000-2010; The Boom of the Last Decade; Expected Muted Returns in Coming Years; Portfolio Adjustments

10:34 - 12:01 | Impact of 9/11 on the Economy; Long-Term Fundamentals Remaining Intact; The Economy Continuing to Prevail

12:02 - 15:33 | Current Markets; COVID-19 Impact; Withdraw from Afghanistan; Maximum Pessimism in the Markets; Market Projections

15:34 - 17:42 | Closing Summary; Reassurance of the BlueSky Philosophy

Original Letter Sent on September 21, 2001

As we take this month to remember the heavy hearts of all Americans in the days following the attack, the BlueSky team felt it would be special to share the original letter that David mailed to clients. Reigniting a message of hope for the future and continued stability, we remain committed to our purpose of service. We are honored to share this letter as a testament to our unwavering investment philosophy and practice.

Click the image below to view the entire letter.

Excerpt from letter: "The economy will recover. There will be layoffs, consumers will spend less for a time and companies will invest more cautiously. However, this is how economic cycles always end and new cycles start. We've had wars, assassinations, political upheaval, energy crises, financial crises, terrorist acts, double-digit inflation, and the break-up of a military super-power. This event may be different, but the global economy has, in the end, always proven resilient. I'm confident it will again." Click for full letter.


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