Insights
2009 Reflection - 1st Quarter, 2009
Welcome to Spring!
It is interesting that with the Advent of Spring comes new attitudes and hope. This attitude, while motivated by sunshine, leads to optimism. But is this spring like optimism real?
Yes, the short term outlook continues to look dismal and may remain that way for months. While unemployment continues to rise and banks hold onto tax-payers money (unless they need a bonus), we think: Will this ever end? Where are we in perspective to the markets? More than likely, we are past the middle of this very deep recession. Along with all the stimulus money, an active Fed and an energetic new President, I think we can finally use the word “optimism”!!
That does not mean Captains orders of “full speed ahead and damn the torpedos”. What it does mean we hope is if all goes well, there could be tentative signs of an upturn. If the past two years have taught us anything, it’s that popular economic wisdom is often mistaken. So yes, it is time to consider moving some cash into the market at the very least as a simple level of diversification. Solid companies paying legitimate dividends do exist. To that point, invest money into companies you would want to own five to ten years from now.
Use our quarterly investment grid as a guide. Things will improve overtime so we will be patient and make prudent investment decisions. Thank you for your continued loyalty and trust.
Sincerely,
William B. Smith
Securities offered through Triad Advisors. Member FINRA/SIPC