Greetings! I trust that this finds you well and enjoying life and rested from Labor Day.
Another down week across the board in the equity markets last week to close out a lackluster
month. The old adage “dog days of summer” seems appropriate. For the month of August the
DOW was off 4.45% and the S&P 500 declined 3.13%. The general consensus is that we can
expect to experience certain volatility as the FED addresses quantitative easing and the politics in
the Middle East continue to be uncertain. In times like this, it is important to stay positive and
stick to your long term plan in managing your money. Ask yourself, are you diversified
effectively based on your needs and risk tolerance? Do you have sufficient cash flow to meet
your day to day needs? Do you have a sufficient cash balance on hand in a stable position for
unexpected emergencies or opportunities? Do you sleep well at night based on the tools you have
in place to manage your money? If you can affirmatively answer these questions, then you
should feel good regardless of what the markets are doing. If you don’t call us and we can help in
gaining peace of mind in managing your retirement resources.
Best regards and make it a great week.