We’re not living in 1931. You’ve probably read articles that compare and contrast the current economy to the 1930s. Well, we haven’t gone that far back. Sure, we’re seeing a lot of short sales and foreclosures. But we’re not seeing every other bank shuttered, soup lines on the corner, or one out of every four Americans looking for work. The economy is down, but not out.
Clearer skies ahead. If you review what happened in the past, powerful bull markets have emerged from low points in equities and consumer confidence. You can point to 2003, after Black Monday in 1987, and 1982. Some of the best long-term investing opportunities have emerged from extended bear markets or flat markets.
Take some time and speak with your financial advisor about your portfolio and make sure that your plan works in concert with your goals.
Wishing You Wealth in all its Greatest Forms,
Alex
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