Hi there,
As always, we are here for you, and we are truly grateful for the trust that you place in us.
See blogpost below from one of our Baird team members: We feel that this is timely… emotion can erode returns far greater than enhancing them. It’s human nature!
- Credit card debt is at all-time highs and so is mortgage debt.
- The unemployment rate is near all-time lows and wages are increasing.
- Inflation is at 1970’s highs and mortgage applications are down to 2011 lows, off 20+%.
- Corporate cash is at $2T plus and banks have fortress balance sheets.
- Ukraine/Russia, China/Taiwan, geopolitical concerns…..?
- European valuations are at 25-year lows which is historically a strong buy signal.
Like a lawyer says, give me a side and I will argue it.
No one knows where this market is going to go (including the talking heads on TV). Have a plan, stick to it, be laser focused, stick to your discipline, create as much automation in investing as possible, and know that we will get to the other side of any challenges (you know, “the only thing we have to fear is fear itself” quote?
There will be winners and losers. Energy near all-time highs, technology off 40%, highly leveraged companies and households will suffer, speculators will suffer. Those living within their means and well-run companies will flourish, along with their shareholders.
https://blog.rwbaird.com/blogpost/1571/was-that-the-bottom
Stay the course, stay strong, call us ANYTIME, and optimism will make the bad times pass quickly.
Sincerely,
Adam, Michael, and your team at Baird
Adam Estes, AAMS®, QPFC®
Director, Financial Advisor
Estes Holland Group
Private Wealth Management
Direct 502 420-1431
Cell 812 320-7777