[fname], about a year ago CNN Money's Senior Writer & Editor, Heather Long was on air and predicted (click here) that if Donald Trump won the election, US stocks "will almost certainly TANK". She based her prediction on a Macroeconomic Advisors report of a -8% fall, and a Brookings Institute projection of a -10% to -15% "nosedive".

Another quote was, "A Trump triumph would likely cause investors to flee stocks". Well last night (see graph below) the Dow closed at 23,516, the 50th+ record high since the election, up 28%. The S&P500 closed at 2,579, up 20% since the election and the NASDAQ closed at 6,714, up a whopping 29% since the election!  If you heeded Heather's prediction and got out of the market then, you would have missed out on one of the best BULL markets in history!



The funny thing about news organizations, reporters, experts and pundits is that they don't have nearly as much money invested in the markets as you or I or our firm does. They're 3 to 5 levels removed from the markets, relying on 3rd party reports for their analysis, and are wrong more than they're right. So why should you listen to them when they don't have much if any, skin in the game or assets invested?

Someone who does, who I'm flying in next Tuesday Nov 9th for a short 2-hour presentation here in our offices on Investing For Retirement, is Troy Patton, Portfolio Manger of Archer Investments. Troy manages $300+ million in the market in his Archer Fund mutual fund family and has plenty of his own skin in the game. That's why I think you should come next Tuesday and listen to what he has to say about the markets for 17' & 18'.

Plus we've recently surveyed our clients about their Biggest Question about investing and Troy, along with our Sullivan Wealth Management team, will be ANSWERING the TOP Questions submitted, during the presentation, to help you get a clearer picture about how to handle your own portfolio going forward.

I would really like to see you next Tuesday. Seriously, if you can spare 2 hours please call 301-657-8080 and RSVP with Stephanie at ext 136. I'll be cooking a light breakfast and just need to know you'll be here and if you are bringing anyone, so I know how much to cook!

 

Regards, Paul Sullivan, CPA, IAR

 



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The opinions contained herein are not intended to be investment advice or a solicitation to buy or sell any securities. Information obtained from sources deemed to be reliable, but accuracy or completeness is not guaranteed. Past performance is not a guarantee of future results. Performance figures contained herein do not represent actual client portfolios or results. Actual results may significantly differ from the model portfolio returns presented. Archer Investment Corporation manages the Archer Funds. You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Funds before investing. The investment return and principle value of an investment in the Funds will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. The Fund prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the prospectus by calling 800-581-1780.
           

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