In this week’s episode:
Stocks are slipping lower; the excitement of the Trump bump has worn off and we’re back to the fundamentals. People are confident the new President will revive the economy, but that’s still a ways off and meanwhile the risks are growing by the minute. Problems with Syria, Russia, Iran or North Korea could send stocks spiraling down. Bottom line: if you don’t think the market will rise another 10% this year, you’re probably better off getting out altogether. The old market saying, “sell in May and go away” is looking like good advice.
One for the Ladies:
I just finished working on a case for a woman who came to see us: her husband had passed, his Social Security stopped, and she was worried about making ends meet. She said with interest rates and dividends so low she would have to sell stocks every year to top up social security. She was afraid she’d run down the portfolio and then run out of money. A lot of women feel the same way. Living off income from your stock portfolio is a strategy that only works when the market’s rising. Another 2008 can wipe you out. We were able to give our widowed client a guaranteed income for life and peace of mind — can we help you do the same?