Last week, the Dow Jones Industrial Average was down a total of 1,000 points. That’s right, 1,000 points. Then, this morning, it opened up another 1,000 points down.
The last week has been a good example of how the markets go up slowly but when they go down, they go down fast!
Are we seeing the beginning of the bear market we’ve all been expecting? Or is this just another blip on the bull market run? The answer, of course, is no one knows.
But let me ask you an important question. Are you personally worried about it?
If so, I would respectfully suggest that your portfolio is not where it needs to be. And if it is not, you NEED to call us.
If you are a client, then odds are high that you are already being protected against downward market moves like those seen last week. This is EXACTLY WHY we spend so much time focusing on REDUCING PORTFOLIO VOLATILITY. Remember, consistency wins. You can live with a low return year, but you must avoid the big loss. That’s exactly what we do for you.
But if you have some questions, by all means, give us a call. We love to talk to you!
On the other hand, if you are not a client. Then now is the time to come in and visit before things get worse. Don’t make the same mistake you made in 2008. Don’t sit around and do nothing hoping things will get better.
Let’s use this as a reason, a nudge if you will, to take a small positive step. Just pick up the phone and give us a call. Schedule a time to visit with us. I know you will appreciate our thoughts.
We all hope, of course, that the markets will turn around and head back up again. With that being said, making smart choices is all about hoping for the best, but planning for the worst. Make sure you have planned for the worst.