Each week, Jim Byrd and Biff Hamel host Safe Investing in the New Economy, a popular radio show heard each week on WABF 1480 AM and FM Talk 106.5 and Fox News Radio 710 WNTM. With a lively discussion format, they educate listeners on retirement planning and investing for a safe, happy retirement. Also available as a podcast on iTunes and on the website. As usual, this week’s conversation revolved around several topics.
The Market’s Recent Downturn
There were a couple of days last week when the stock market prices dropped significantly and returned quickly. It was the largest point decline in the history of the stock market. But it is not the major correction we still expect. Some are calling the upcoming correction a recession. It will be a big one because the market is overvalued. Many financial writers and advisors agree.
The reasons are many. Interest rates are going up way too quickly, which indicates an inflationary problem coming up shortly. Stock and bond prices usually offset each other– when stock prices go up bond prices go down and vice versa. That is not the situation now. The prices are in sync which sets up an unusual situation similar to the 1987 crash.
But our clients know their money is safe. Our phones are not ringing with people who want assurance their money is safe. If they have it invested in fixed index annuities, which are safe with no market risk, our clients sleep better during market turmoil. The brokerage houses are probably experiencing phone calls all day long with people wondering about their portfolios.
Our February seminars are coming up next week. These are complimentary educational seminars about retirement planning and investing to insure a secure, safe retirement portfolio. Registration is required. Call the office at 251-625-1226 to register for your seat(s) at one of these locations and dates. Or if you like, put your name on an advanced seating list for future dates. Dinner on us!
- February 20, 6:00 pm Briquette’s restaurant in Mobile, AL
- Febuary 22, 6:00 pm, Jesse’s Restaurant in Magnolia Springs, AL
Or call 251-625-1226 to schedule your complimentary consultation in our office. We encourage you to bring your paperwork and all your questions. Once we determine your cash flow needs, we take you through a structured test to determine your risk tolerance, and compare it to your current portfolio. Then we can help you build an investment strategy designed to safely take care of you and your family in the future. We can help you with insurance needs also, lowering your costs and increasing your benefits.