Current Market

Please find this to be a note of reassurance. It’s been a shaky September for Wall Street. With the federal government taking action with Freddie Mac, Fannie Mae and AIG, and Bank of America purchasing Merrill Lynch, an investor’s worries can be expected, but not needed. The stock market is resilient.

Here are three factors that should help ease the news:

1. The current woes of the stock market are in a very specific sector. You may see effects of some of your investments from this area; however, we have worked diligently to make sure you have proper asset allocation and a diversified portfolio. These methods will help ensure that your overall financial goals are not affected.

2. SIPC- The Securities Investor Protection Corporation. SIPC is the United States investor’s first line of defense in the event a brokerage firm fails, owing customers cash and securities that are missing from customer’s accounts.¹ Our securities are offered through a member of SIPC, adding the insurance of your investments.

3. NEXT’s clearing house, Pershing LLC, carries “Excess SIPC” through a private insurance company. Through the Customer Asset Protect Company (CAPCO) they insure your investments in excess of the SIPC limits.²
Throughout history, the market has seen drastic lows and has recovered. Now is no different. I am confident in our decisions for your portfolio. Please feel free to contact me with any questions or to schedule an appointment at 281-491-2821.

Sincerely,
Shawn E. Goheen

Posted by Kristen September 2008

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