To all my clients,
We are all witnessing the increased volatility in the global markets which began two weeks ago when China unexpectedly devalued its currency, raising fears that its economy might be in worse shape than previously considered. It is natural to wonder how this may impact our wealth. The daily ups and downs today will be frustrating. Wall Street’s initial sell-off may ease throughout the day. While we continue to be cautious, let’s remember to stay focused on the long-term. I’d like to point out that this sharp pullback has come in the wake of a seven-year bull market run.
The old adage of “buy low, sell high” is sometimes forgotten when the market moves down. The history of the stock market illustrates its unpredictable nature and investors that stay in the market long enough will certainly see more ups and downs in the future. We must continue to stay focused on long-term goals rather than short-term statements. There are reasons to remain optimistic about the market’s future in the months ahead.
I consider it my responsibility to assist you in keeping focused on the plan we have developed to reach your long-term financial goals. Taking advantage of these short-term fluctuations – buying low, staying focused on your long-term goals, and adjusting your portfolio when necessary – is what I am here for.
Please call me at 716-691-8207 if you would like to discuss the opportunities the market is currently presenting.
Adrienne Rothstein Grace
