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
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.