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The Roller Coaster Markets

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Greetings!

While the past seven years have been a relatively smooth ride for the markets, the past couple of months have been more like riding on a roller coaster.
Market volatility such as this can present challenges for investors. Without a clear direction up or down, investors have trouble deciding how and where to invest their money. Some are looking for security and moving their money back into cash and bonds while others are using the down days as opportunities to buy into stocks.

Sage Advice: The average investor will find that the old advice could still ring true. Most have heard of buying low and selling high, staying invested for the long-term, and diversifying. While these are wise ideas, following this advice doesn’t mean that you have to stay paralyzed like a deer in headlights.

A Fresh Take:  Over the past seven years a handful of stocks have generated most of the returns within the S&P 500. As a result, many investors have concentrated their portfolios. Just because diversification hasn’t been working during the recent calm market run, doesn’t mean it won’t help in times of volatility.

This may be the time for a change. Review your investment portfolio to see if there are any opportunities for adjustment to your allocation. First, you may want to pare back some of your investments in those investments that have been outperforming and use the proceeds for something else. By making changes such as this, you’re effectively selling the investments while they are higher than what you paid and buying other investments while they are lower than where they recently traded.
Second, you may want to look for opportunities in sectors and asset classes that you haven’t been utilizing. Many people have some money invested in stocks of large companies but have little in medium, small, or international businesses. When it comes to fixed income, many people have U.S. Treasuries and corporate bonds but have neglected to add international bonds to their portfolio. You may want to consider other fixed income sources as well, such as convertible bonds or inflation protected bonds. Making these changes could allow you to better diversify your portfolio.
Third, other investment vehicles could possibly benefit your portfolio. Try to find something that acts differently than traditional stocks and bonds such as real estate, commodities, or currencies.
All three of these ideas still enable you to be invested for the long-term. There may be other ideas that would be appropriate for your portfolio based on your specific risk level and objectives. See a financial advisor to help determine what is appropriate for your situation.
All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and cannot be invested into directly.
Stock investing may involve risk including loss of principal.
Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and are subject to availability and change in price.
Investing in international investments may carry additional risk such as currency changes and political instability. Investing in small and medium-sized companies may carry more risk than investing in larger firms.
No strategy guarantees performance or protects against a loss.
The opinions voiced in this material are for informational pur poses only and are not intended to provide specific advice to any individual. Consult your legal, tax, and/or financial advisor to determine what is appropriate for your situation.

PWM

Events & Sponsorships

Highlandtown Train Garden

It’s our fourth year as a sponsor of the  Highlandtown Train Garden  and we’re excited to see that they were selected as one of five holiday events in Baltimore to be included in a video by  Visit Baltimore . We’re proud to support such a great event.

Away from the Office

Monday, December 24th & Tuesday, December 25th

Our office will be closed on Christmas Eve and Christmas Day. Merry Christmas!

Monday, December 31st & January 1st

Our office will close at noon on New Year’s Eve and reopen on Wednesday January 2nd. Happy New Year!

 

We are always accepting donations for the local animal shelters– toys, tennis balls, collars, leashes, food, cat litter, cardboard trays, office supplies, cleaning supplies, towels, mats, washcloths, etc. We will accept donations Monday-Friday between 9am & 5pm.

Family

             
There’s something instinctive in children with snow. During this year’s first flurries, Elise immediately asked to eat it. She walked two blocks to school with her mouth wide open and tongue hanging out. Too cute!
Roxy recently celebrated her 11th birthday. While she’s no longer interested in big parties, she still looks forward to a delicious pupcake.
Believing that it’s as (or more) important than our wedding anniversary, Heidi and I celebrate our dating anniversary. November marked our 23rd year together. Happy anniversary, Heidi!
I hope you enjoyed this month’s newsletter.
Best Wishes,
Woody Derricks, CFP®, ADPA®
President
CA Insurance License #0C40217
Partnership Wealth Management | 410-732-2633

As a Registered Investment Advisor (RIA), Partnership Wealth Management is committed to providing our clients with financial planning and wealth management services to help them work towards their financial goals. At Partnership Wealth Management, we have a long history of working with the LGBT community. Among the many services we offer are financial planning and estate planning strategies for gay and lesbian couples. Financial planning is an important part of preparing for the future; contact us today to get started.

 

Partnership Wealth Management (PWM), is a registered investment advisor located in Maryland. PWM and its representatives are in compliance with the current filing requirements imposed upon registered investment advisors by those jurisdictions in which PWM maintains clients. PWM only transacts business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements.