American Innovation & Your Investments
By: David Smyth, October 10, 2019
People often take volatility as a time to make a lot of changes in their investments, and while we are actively monitoring your portfolios, I can assure you - and trust me, in my business, I rarely get to make guarantees - but I can tell you that between now and the next election, you'll be hearing a few soundbites over and over: Trump. China. Impeach. Brexit. Boeing planes grounded. GM strike. Loss of consumer confidence. Impeach.
In my opinion however, all of that is just noise along the investment path.
Here's the deal. If you're going to need your money in, the next 24-36 months or so, please, give us a call and let's talk. But, if you're a longer term investor, it may be best to sit tight and ignore the news. Mentally remind yourself that most of your investments are a bet on the growth and innovation of America, and nothing else.
When I got into this business in February 1997, the Down Jones Industrial Average was right around 7,000. Currently, it's around 26,000. I had no idea what the markets would do back then, and while I don't have a crystal ball to forecast the next 22 years, I do believe that American ingenuity should continue to advance, and that the markets should reflect that ingenuity.