"Don't Panic"

"Don't Panic"

It appears as though the correction we've been anticipating and talked about for the last couple of quarters is now upon us. Since July there has been quiet erosion in the equities markets, becoming what many have called a 'landslide' or 'free fall'. As of Friday, the S&P was down 7. 7% and the Dow down 10. 3%. Although, we understand stock market declines are emotional and anxious periods of time we would like to remind you, this was expected. The market has gone 46 months without a correction which is substantially over the 18 month norm

We urge you to not succumb to downside and sell, we have spent much time positioning your portfolio to mitigate the downside risk as much as possible based on your risk tolerance.We DEFINITELY don't think this is a prelude to another 2008-style market decline. Leading indicators are still positive and lower oil prices and interest rates should help stabilize growth. One key takeaway is that the downturn and the selling in the last 4+ days has restored some value to some areas of the market. The fact that the market was down over 1,000 points in the first several minutes of trading today and currently, approximately 2 ½ hours later it is down under 200 points, shows how a knee-jerk reaction can be harmful to your portfolio. We believe we are close to the bottom but expect further volatility in the coming weeks as the market tests and retests the bottom.

We are here, as always, for questions or concerns if you would like to speak with us feel free to reach out – as a reminder we are now officially in our new office in Suite #5 – and can be reached at mike@attentiveinv. com athena@attentiveinv. com or by phone at 209-636-4931. 

Exit or Seek Opportunity
Sound and Fury


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Sunday, 17 January 2021

By accepting you will be accessing a service provided by a third-party external to https://www.attentiveinv.com/

Due to renewed State orders for shelter-in-place we will be modifying our office operations. We will be suspending services at our physical office for the public. However, we are available to you via web meeting (zoom), email and telephone (Phone lines have been forwarded to our personal cell phones) during regular business hours. We will be able to fully service all your investment needs with no interruption.

You may drop contribution checks at our office through the mail slot or they may be mailed directly to TD Ameritrade (address listed below). Please be sure to notate your account number on the check.

TD Ameritrade
PO BOX 650567
Dallas, TX 75265-0567

Rest assured that we will continue to monitor your investments and market conditions on an ongoing basis with no interruption. Should you have any questions or concerns please feel free to contact us.

We will navigate this crisis as best we can, coming together and making shared sacrifices. We hope that we can help to slow down the effect of this virus together and solve this swiftly. We also wish everyone well and would like to extend our gratitude for your patience during these trying times. Continue to watch for updates from us.