by Richard E. Reyes, CFP
I have developed this message for our clients. Although I responded to you all last Thursday night. I feel it is always important to give you as much information in order for you to be able to “sleep well at night” and continue to have confidence not only in the plan we have created together but the investments that you hold. Remember I am here to deliver confidence.
Now lets face it its been a rough few weeks on Wall Street and Washington. With all the debt ceiling discussion, continued high unemployment, the S&P downgrade, and some data which might be interpreted as slower economic growth in the short-term this all has added pressure and extreme volatility on stock markets globally. As you probably have heard from me in the past, in times like this the media seems to want to over react. But not only is the media a culprit, but money managers and the financial industry itself over reacts too because the bottom line is that fear, pain, and greed sell and my job and what you pay me for is to make sure you stay disciplined to your plan and to keep you thinking long-term. [Read more…]