Community Columns 33
Ponte Vedra Recorder · October 22, 2015
Are we prepared for such a global economy?
Prior to the dramatic market volatility we’ve seen the last couple of
months, there was wide-spread talk
about where the markets were in the
typical market cycle; a popular way of
characterizing it was to ask in which
inning we were in using a baseball
analogy. However, there is a growing
perspective that the inning issue isn’t
that important because the game has
fundamentally changed.
The traditional bull/bear market
cycle was tied to the U.S. economy and
its expansion/contraction (i.e. recession) cycle. The market is a leading
indicator so it reacted before the economy but, nevertheless, was basically
tied to it. That has changed as we have
recently seen. The wild market swings
we’ve experienced are the result of
issues surrounding
the stock market
and economy of
China recently
and Greece earlier
in the year, and
not the United
States. I acknowledge that China
has the second
Frederic Schilling
largest economy
Columnist
in the world and
certainly impacts
us in many ways, but to have such a
tremendous impact on our market is
really a new paradigm. This means that
we are now vulnerable to significant
market gyrations caused by economic
or political conditions anywhere in the
world, not just here. It raises the level
of unpredictability and, therefore, risk
of investing in a material way.
I encourage you to reexamine your
investment strategy and structure in
light of this new paradigm. If you
have concentrated your assets in risk
investments does that still make sense
for you and your lifestyle? Have you
explored other options that are not as
susceptible to market swings? Are you
confident you can achieve your longterm financial goals if this heightened
level of market volatility persists?
We can help you sort through these
issues and find a balance that’s right
for you.
Senior Guardians of America, a local North
Florida firm specializing in tax reduction,
long term illness planning, asset protection, probate avoidance and life income
planning. Ric is a National Speaker and
Advocate on Senior Issues and has been
featured by the Florida Times Union and
WJXT, TV-4 in Jacksonville as an authority
on Estate Planning and Retirement Issues.
Senior Guardians has an A+ rating with the
Better Business Bureau and is a member in
excellent standing with the National Ethics
Association.
Contact Frederic : 904-371-3302 or 888-8913381
Please visit: www.seniorguardian.com
This article is not intended to give tax or
leg [Y