Hello everyone. We had a pretty scary drop in the stock market today. For most long term investors, today alone wiped away over 2% of their net worth.
Most investors are asking me … if it is time to protect their nest egg?
There’s an old saying in the stock market, “Pigs get fat, Hogs get slaughtered”. This year the US market has had a phenomenal run, but many are now wondering if it is time to protect your nest egg and move to a cash (safe) position. As many of you have experienced in 2000 and 2008, “Buy and Hold” many times becomes “Buy and HOPE”.
Our analysis is certainly showing that caution is warranted. It looks like we have a much larger drop coming over the next few months.
As many of you know, we invest differently than most financial advisors do, our strategy is a protective one, where we move to the safety of cash, completely out of the market when things get scary. Our number one rule is to ALWAYS PROTECT OUR CLIENT INVESTMENTS FROM DECLINE.
In fact, none of our clients are invested in the market at the moment … we moved all of the accounts out of the market (100% in cash) last week as a result of the weakness we were/are seeing.
The question that should be on your mind right now is … should you take action and “get out while you can”? Or is the risk worth sitting and hoping that we don’t have another potential 2008 re-hash where most investors lost over 40% of their net worth in the year.
If you have ANY questions related to what YOU SHOULD DO, please feel free to call me directly (my personal cell phone is listed below). I promise I will NOT sell you on anything, but just help you come to the right decision for your own situation. My personal cell phone is always on for my clients including weekends and evenings.
Please feel free to call me for any reason,
CEO, Chief Investment Officer
Resnn Investments, LLC
P.S. Get notified in the future of important changes in the market as they happen, sign up at our website (http://resnnInvestments.com) for our FREE Market Alerts service. We actually sent an alert over two weeks ago warning of this impending drop.