Good morning. The
U.S. stock market has declined significantly this week, reacting to several
factors. I believe the markets must
"correct" occasionally (dropping 10% or so from recent highs), and
it's been a long time since that has happened (~mid-2011). This may be the time for it, and we could be
a good deal of the way through it already.
Still, I recommend long-term
investors remain invested and diversified.
Trying to time the market is risky and the results are
usually not successful. There is Nobel
Prize-winning research supporting the "asset allocation" methodology
I employ for most of my clients' long-term money (retirement, college savings).
As is often the case, Bill O'Grady of Confluence Investment
Management offers a brief and helpful view of current conditions: http://confluenceinvestment.com/assets/docs/2015/daily_Aug_21_2015.pdf
If you have any questions, please contact me. Thank you, and happy Friday!
--Gary
P.S.--Are you prepared for financial emergencies? Let's make sure we're evaluating your cash
reserves, your Disability Insurance, your Life Insurance, and your estate
plan. I don't sell insurance and I don't
draft legal documents, but I will coach you on how to make sure you buy the
right product and have the right documents in place. No charge--it's part of the value I want to
add to the investment advice already being provided.
Potomac
Wealth Strategies, LLC
(703)
746-8195 direct
