Hello Again -
Berger/Traxler Update
A great big thank you to all of our clients that have signed the Berger/Traxler Wealth Management Agreement. As of today, 99% of our clients have officially signed, and most of the rest we are just waiting for in the mail. So this effort has been a big success, and client cooperation has been wonderful.
Thank you all very much!
Beginning October 1st, all business will be conducted as Berger Financial Group, and any clients that have not signed by that date will no longer have an advisory agreement with us. Additional paperwork would then be required.
Sept - Oct
Last week we discussed the “September Effect”, so we know this can be a challenging time of the year for financial markets. Gasoline over $4.40 and diesel near $6.00 is not exactly good news. Add to that mix an interest rate hike by the Fed, and we can easily see why markets are jittery.
So what does this mean for investors? I really feel that that this is a good time to be patient. That is, let things play out some more.
World events can change fast, and although there’s lots of fear out there at the moment, I really think just sitting tight is the prudent thing to do.
There’s an election right around the corner, and that by itself could set the stage for some change. Don’t forget, after the mid-term election, historically markets tend to do quite well. So again, the headlines are tough right now, but as long-term investors, it’s important to be patient and see what happens.
Let’s give this pony some more rope. That’s my advice at this time.
Of course should you ever have concerns about the market or your portfolio, we always encourage you to pick up the phone and give us a shout.
Sometimes a visit with your advisor can be a big help!
Hang in there everyone,
Warm regards,
Mike