Updated: Feb 14, 2020
Still bullish … rating of 6-7 (0-5 is bearish, 5 is neutral, 6-10 is bullish)
Through yesterday, our portfolios are up 7.1% compared with the S&P 500 which is up 3.75%. Growth-oriented investments are currently in favor over value-oriented.
Here are some questions for you …
· Are you familiar with the new changes to IRA accounts?
· Are you out of credit card debt?
· Are you paying the least amount in taxes?
· Do you have a plan to have enough money to pay yourself a salary until your death?
I urge you to call me to set forth a financial plan for your individual circumstances. For my clients, this costs nothing. Some people will not do a plan because they think it is a lot of work (not really) or they are afraid of the results (just implement a few changes). It is liberating to know things are not so bad.
The big concern – Coronavirus – has come, and gone, and come back again. We may be on the verge of a spread outside of China. For now, regarding our portfolios, there is insufficient reason to reduce our risk profile, although I may make a change in the near future.
To see prior editions of this blog letter, go to http://www.defensiveadvisor.com
Opinions voiced in this post are for general information only and are not intended to provide specific advice or recommendations for any individual, without complete knowledge of that individual’s total financial profile. No strategy assures success or protects against loss.