“If you want a guarantee, buy a toaster.” Clint Eastwood
So far this year, “sell in May and go away” certainly has proven to be reality. The equity markets declined about 6.5% in May and your statements will likely reflect this downturn. The problems in Europe, more jobless claims, volatile oil prices, and a rise in unemployment are the primary culprits.
It is so important to keep a realistic perspective when you invest. In comparison to the recent market declines, the rallies in the S&P 500 Index have been exceptionally good since the lows of March of 2009. Despite a world of worry out there, equities have proven their ability to grow over time. The S&P 500 is still ahead this year by 2.57%…much more than you can earn at the bank these days. This would suggest that “investors could benefit from staying the course and not panicking when the markets become volatile”.
For our clients who are mostly long-term investors, we have been buying during this decline. I believe there are many discounts and investment opportunities right now. If you would like additional reassurance or to review your accounts, please get in touch in order to set up a meeting by phone, with Skype, or in person.
Once again, thank your for your patience and cooperation during our transition from National to Schwab. The majority of you have completed all of the forms and returned them to us promptly. Thank you. Please contact us if you are having any difficulties in completing the paperwork. We hope to have every account securely under the roof of our new custodian by June 30th.
It is very gratifying to know that you continue to have trust and confidence in our service. Thank you.
Today’s the day.
Mitch Fisher
National Asset Management, Inc. (NAM) is a Registered Investment Advisor with the SEC. NAM provides fundamental investment management services. The views expressed contain certain forward-looking statements. NAM believes these forward-looking statements to be reasonable, although they are forecasts and actual results may be meaningfully different. Actual events may cause adjustments in portfolio management strategies. This material represents an assessment of the market at a particular time and is not a guarantee of future results. This information should not be relied upon as research or investment advice regarding any security. One cannot directly invest in an index. Index performance returns do not reflect any management fees, transaction cost or expenses. Indices are unmanaged. S&P 500 Index is an unmanaged index of 500 common stocks chosen to reflect the industries in the US economy. Investment Advisory Services offered through National Asset Management, Inc SEC Registered Advisor and affiliate of National Securities Corporation. NAM or Pacific Sun Financial does not offer any legal or tax advice. One should consider consulting with a legal or tax professional before implementing investment strategies.