Friday, JUNE 4, 2010
Hi,
With all the ups & downs in the US Stock market, I want to pass on information to help you keep it in perspective, and most importantly, remind you what we are doing to manage your nest eggs through these times.
Here my Perspective … Friday 6/4/2010 3:09 PM
This past week was again very bumpy. Up 200 points one day, down 277 another (as I write this).
We are still in the midst of a slow ... very slow recovery. (Keep in mind... this is a recovery from a near collapse.)
We will experience many "Bumps in the road." (Temporary ups ... and temporary downs). Some of these will be big.
The past 2 weeks we have hit some big bumps. (-350 on the Dow, +250, & today [Friday] - 277)
Other countries are recovering much faster... (Canada, Mexico, Brazil) to name a few.
Our government will have to continue "incentives" to pull us along. Incentives cost money (that we don't have.)
This is likely to put pressure on our currency ... in the long-term. (Not right now, but in coming years.)
This is likely to put pressure on taxes rising. (Sooner ... rather than later.)
...OK... but what should we do about it?
Five major things...
1) Don't panic. Your portfolio is built with these possibilities in mind. Most of this is nothing new to our dialog.
2) We must continue to seek opportunities around the world. We do this by using Mutual Fund Managers who comb the entire globe for good investments ... instead of focusing only on the US market. This goes for Stocks and Bonds. We want to avoid countries with financial problems (Greece, Portugal, Spain, Italy, the UK, Japan, and the US.)
3) We should try to lessen taxes. (Cutting your tax bill is just like making more on your investment!)
4) We should continue to "play defense" and plan for the bumps so we can make up some ground (compared to most) as we go down this rough road.
5) Pass this onto friends and like-minded people you know. Perhaps this approach could help them too.
Please also read the two articles attached.
A) Forget the grandkids … the U.S. debt could hurt YOU! From: CNN Money.com Thur. June 3, 2010
B) U.S. Payrolls Trail Forecasts. Growth May Cool. From: Bloomberg Fri June 4, 2010
Please contact me with any questions, observations. I greatly appreciate your feedback.
Best regards,
Tuesday, June 29, 2010
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