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Welcome to Thornburg

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For Institutional / Wholesale / Professional Clients

The content on this website is intended for institutional and professional investors in the United States only and is not suitable for individual investors or non-U.S. entities. Institutional and professional investors include pension funds, investment companies registered under the Investment Company Act of 1940, financial intermediaries, consultants, endowments and foundations, and investment advisors registered under the Investment Advisors Act of 1940.

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Please read the information below. By accessing this web site of Thornburg Investment Management, Inc. ("Thornburg" or "we"), you acknowledge that you understand and accept the following terms and conditions of use.

Disclaimers

Products or services mentioned on this site are subject to legal and regulatory requirements in applicable jurisdictions and may not be licensed or available in all jurisdictions and there may be restrictions or limitations to whom this information may be made available. Unless otherwise indicated, no regulator or government authority has reviewed the information or the merits of the products and services referenced herein. Past performance is not a reliable indicator of future performance. Investments carry risks, including possible loss of principal.

Reference to a fund or security anywhere on this website is not a recommendation to buy, sell or hold that or any other security. The information is not a complete analysis of every material fact concerning any market, industry, or investment, nor is it intended to predict the performance of any investment or market.

All opinions and estimates included on this website constitute judgements of Thornburg as at the date of this website and are subject to change without notice.

All information and contents of this website are furnished "as is." Data has been obtained from sources considered reliable, but Thornburg makes no representation as to the completeness or accuracy of such information and has no obligation to provide updates or changes. Thornburg disclaims, to the fullest extent of the law, any implied or express warranty of any kind, including without limitation the implied warranties of merchantability, fitness for a particular purpose and non-infringement.

If you live in a state that does not allow disclaimers of implied warranties, our disclaimer may not apply to you.

Although Thornburg intends the information contained in this website to be accurate and reliable, errors sometimes occur. Thornburg does not warrant that the information to be free of errors, that the functions contained in the site will be uninterrupted, that defects will be corrected or that the site and servers are free from viruses or other harmful components. You agree that you are responsible for the means you use to access this website and understand that your hardware, software, the Internet, your Internet service provider, and other third parties involved in connecting you to our website may not perform as intended or desired. We also disclaim responsibility for damages third parties may cause to you through the use of this website, whether intentional or unintentional. For example, you understand that hackers could breach our security procedures, and that we will not be responsible for any related damages.

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Third Party Content

Certain website's content has been obtained from sources that Thornburg believes to be reliable as of the date presented but Thornburg cannot guarantee the accuracy, timeliness, completeness, or suitability for use of such content. The content does not take into account individual investor's circumstances, objectives or needs. The content is not intended as an offer or solicitation with respect to the purchase or sale of any security or other financial instrument or any investment management services, nor does it constitute investment advice and should not be used as the basis for any investment decision.

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Except as otherwise stated in these terms of use or as expressly authorized by Thornburg in writing, you may not:

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Advising Clients

Life’s Best Gifts Are Yours

Jan Blakeley Holman, CFP, CIMA, ChFC, CDFA, CFS, GFS
Director of Advisor Education
21 Feb 2023
4 min read

The best things in life really are free.

The Best Gifts in Life Can Be Yours

Experience is a hard teacher because she gives the test first, the lesson afterwards.

Vernon Sanders Law (American baseball player)

How was your Valentine’s Day, the holidays, your birthday, or anniversary? Did you receive gifts that made your dreams come true, or were you disappointed? Odds are, you were disappointed. Gifts are emotional traps that we unintentionally lay for others. Without being direct and specific about our hopes, we expect our loved ones to read our minds and give us the perfect gift.

The same is true when it comes to the small gifts we give ourselves, like the clothes we buy when our weight, style, or the weather dictates. But with clothing and everything else we receive or buy for ourselves, satisfaction is fleeting. All sports enthusiasts, collectors, craftspeople, and hobbyists know that once they finally acquire the top-rated racket, club, collectible or tool, they need one more thing or an upgrade to something we already have. It’s human nature to want today’s best thing.

Life’s most valuable gifts, while abundant, are scarce and priceless. To count them as your own, you don’t have to be a prodigy, have superhuman skills, or possess a fortune. They can’t be given, bought at the mall, or purchased online. To acquire these gifts, you must be aware of them, recognize their importance, and integrate them into your day-to-day life. Once they are yours, they will always be with you, and unlike other things that break, wear out and disintegrate, these gifts improve with age.

  • Humility
    Humility is a quality possessed by most successful individuals. When you’re humble, you’re comfortable with your limitations. You’re honest about what you know and what you don’t and you’re willing to admit your shortcomings. Humility is a huge determinant of financial success. Years ago, with little fanfare, employers abdicated their responsibility for ensuring employees’ retirement security. Employee benefits like pensions and retiree health care coverage disappeared. Instead of being dependent on others to make decisions about our future financial success, suddenly we were in charge of the tools like our retirement accounts. Individuals who demonstrate humility admit they have limited financial knowledge or investment skills and seek advice from experts, those who are usually rewarded handsomely.
  • Purpose
    At some point in life, it’s common to question our purpose. While this exercise is often associated with age or some other life milestone, the onset of COVID-19 which gave all of us time to think and caused people of all ages to question their life’s purpose. The millions of Americans who left jobs and caused the COVID-19 inspired employment migration we know as The Great Resignation demonstrated the power of purpose. Short, medium, and long-term financial goals are steppingstones that help us achieve our life’s purpose. While the dollar amount may not be the end goal, a strong financial foundation often creates the conditions that enable us to realize our purpose.
  • Moderation
    While it’s common to test boundaries, at some point we learn that some excess and extremes may not be the answer. The 118-year-old woman who attributes her longevity to a couple of stogies and a bottle of Jack every day, may have found her fountain of youth, but she’s an outlier and the same approach probably won’t work for you. The gift of moderation is one all investors need. To be clear, no one investment is the answer. Throughout history we’ve seen what happens when people sink all their money in the investment that will make them rich. We saw it recently with crypto. Sure, there were people who made money speculating on crypto, but there are way too many who lost their shirts. There will always be the Ponzis, Madoffs and the Bankman-Frieds, but you don’t have to be one of their victims. To avoid that outcome, beware of people promising extreme returns that are out of line with current reality. To practice moderation with your finances, know how credit works, diversify your investments and, if you want to speculate, carefully manage the amount you’re willing to risk. 

Life’s best gifts won’t come from your spouse, partner, parent, pet, secret admirer, or anyone else. They aren’t mandated by the calendar or a life event. These are gifts you already have, they’re right in front of your eyes, you just need to open your arms and make them your own.

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