By D. Scott Peterson
1. The market continues to grind higher. The noteworthy event is that the NASDAQ eclipsed its 2000 high—finally. It took 15 years.1
2. 1st Quarter earnings have been relatively strong, at least as of now.
3. Ask yourself this: What is the greater risk in the stock market? That the market drops suddenly and stays there for a period of time (or worse enters a bear market) or that you stay under-invested in the market and you miss the upside?
4. The answer, for the last 5 years, is that you may have missed the upside.
5. Your 401K, IRA, or company retirement plan is a long term investment.
6. So don’t react to every short-term swing in the market, fueled by a short-term event, and a 24 hour news cycle, with a short-term mindset, and apply it to your retirement plan.
7. Find a good advisor that you have confidence in and work closely with him/her.
8. My most satisfied clients are the ones that I talk with every month and that come in for quarterly reviews.
9. This is the most innovative time in American history. There are more new products and services every day in all areas of our economy than ever before.
10. The pace of innovation, even the pace of events (history), are speeding up in dramatic fashion. Next time you talk to us ask me for examples.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations of any particular security, strategy or investment product for any individuals. Information contained herein has been obtained from sources believed to be reliable but not guaranteed. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing.
The NASDAQ Composite Index is a market-value weighted index of all common stocks listed on the NASDAQ stock exchange. You cannot invest directly in an index. Past performance is no indication or guarantee of future performance. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.