It is rare that I write a piece meant mostly for clients, but I think this is a good time to do so. My advice is simple: don’t freak out.
Wall Street Steward Blog
I do not remember the last day where I didn’t hear at least one person call for a major stock market correction. Sometimes, it comes from normal, every day folks….and other times, it comes from so called “experts.”
In the month of July, we had a very minor stock market pullback. Nevertheless, it was enough to cause a bit of worry for conservative investors. What I am about to describe actually happened, but of course, I changed the name to protect the innocent.
My job is to be a good steward of my clients’ assets. Whether that means encouraging them to make a decision or exhorting them NOT to make a decision, it is all part of the gig.
According to a new Winthrop University survey, 40% of the retired people in SC are living below the level that they would like.
Dow 3,000! The end is near!! Get out while you still have time! Now that we have gotten the scare tactics out of the way, let’s have a knowledgeable conversation.
I promise I do not make this stuff up. This is a conversation that occurred earlier this week. No names, of course. Not only are the actual words included, but my thoughts are thrown in for a little entertainment.
There is a weird thing that happens when you haven’t seen someone in a long time. ANY changes that have taken place with regard to their appearance become amplified. You immediately notice, and usually comments ensue.
Inside the investment industry, a type of civil war is raging. Advisors vs Brokers. Fiduciary vs Suitability. I think this whole argument is ridiculous.
I do a lot of reading about the financial business, as that is part of my job. What I inevitably find is that there are smarter people than me predicting a major stock market RUN, and smarter people than me predicting a CRASH of epic proportions.