The U. S. equity markets are near or at record levels and have been quite resilient despite the pessimistic news headlines. Our country is currently experiencing strong consumer confidence and investor optimism, and there’s an expectation of future tax reform and foreign earnings repatriation, despite the negative headlines both economically and politically.
It appears to be human nature, however, to become pessimistic as we age. In an annual survey between
2002 and 2013, a majority of Americans age 65 and older did not believe the US stock Market would
rise in the upcoming year. The US stock market as measured by the S&P 500® was up ten of those twelve years (down in 2002 and 2008), gaining +105% in total return for an average of +6.2% per year. (source: University of Michigan, as reported in By The Numbers 05-29-17)
If your investment objectives or financial circumstances have changed over time, market tops would be the best times to make alterations, not market bottoms when emotions might run high. We are available if you would like to meet and review your accounts to confirm your holdings remain aligned with your current investment objectives.
Don’t forget, you are invited to our Lunch and Learn presentation the 4th Tuesday of every month at the Gaslight Music Hall in Oro Valley from noon to 1pm. We also host Eat and Educate presentations the 3rd Thursday of every month at 5:30 pm at the Red Lion Inn & Suites near Ina and Oracle.
We are happy to announce that Lacey is back from maternity leave and Kataya Plett, the Temp we hired to assist in Lacey’s absence, is now a full-time employee at Southwest Investment Advisors. In addition, we have a summer intern helping in the office, Bart’s nephew Brett Manor, who is majoring in Financial Planning at NAU.
As always, thank you for your business and referrals.