Quarterly Reports

First Quarter Report 2019
 
We’re here for you, We hear you
 
Michael D. Kresh CFP® RF™ 
 
Dan Kresh FPQP™
 
In our newsletter wrapping up 2018 we reiterated the simple fact that predicting what the market will do in the short term is a fool’s errand. A “bad” 4th quarter of 2018 followed by a “good” 1st quarter of 2019 should have had little impact on a solid longterm investment strategy. Aside from some small tweaks and potential rebalancing, we feel that there were more opportunities to let fear or greed take you off course than there were opportunities to find a better route towards your goals.
 
Rather than continuing to comment on the market, we would like to take this opportunity to remind you of all that we can do for you. Of course, we manage your portfolio to aid in financial decision making and planning to help you reach your goals. We are always happy to facilitate meetings with your tax and or legal professionals to make sure everyone is working together cohesively for your benefit. This is just the surface level of
our services.
 
Money and numbers are important, but you mean more to us than any number could represent. Risks and returns are important, and we love leveraging technology to help analyze numbers, but we also know that there is no substitute for the human understanding of how quantities of money can impact quality of life. We work to understand your picture, your values, your hopes, and your fears and use all that information together to design portfolios that are as individual as you are. As your life moves along, we are here for you, to hear you and help you. Whether you’re thinking about a financial decision (relocating, retiring, purchasing real estate, funding education, purchasing a car, etc.) or a life event has happened, good or bad, we want to be there for you to help you keep moving in the right direction for the benefit of you and your legacy.
 
Please never hesitate to reach out to us with any questions or concerns.
 
*Any opinions or forecasts contained herein reflect the subjective judgments and assumptions of the authors only and do not
necessarily reflect the views of Royal Alliance Associates, Inc. All Investing involves risk including the potential loss of principal.
Past performance is not a guarantee of future results.
 
Securities offered through Royal Alliance Associates, Inc., Member FINRA/SIPC
1377 Motor Parkway, Suite 212, Islandia, NY 11749
(631) 232-9170, Fax (631) 232-9175
Advisory services offered through Creative Wealth Management, LLC a registered investment advisor.

 

Not affiliated with Royal Alliance Associates, Inc.

 

 

 

Fourth Quarter Report 2018

 

This Time it’s Business as Usual

Michael D. Kresh CFP® RF™

Dan Kresh FPQP™

After a 10-year bull run why would anyone worry about a single digit loss? We constantly talk about the natural order of the markets; corrections and bear markets are likethe sun rising in the east and setting in the west. Look back at our writings and our videos and we have been discussing that we are overdue for both.

Christmas Eve 2018 was the worst on record for the markets[i], when on a short trading day the “Dow skids to end down 2.9%; S&P 500 on cusp of bear market.”[ii]By Dec 31st “2018 was the worst for stocks in 10 years”[iii] according to CNN. The Dow fell 5.6% and the S&P fell 6.2%. Hold on a second, everybody was getting upset over a terrible 2018 and the media was describing a loss of 6% as some sort of crisis? When News 12 Long Island interviewed Michael the day after Christmas[iv], in the midst of this rocky December, he said not to worry. Little did we know it would be the highest single day point gain in Dow’s history by the market close[v].

Michael discussed our longstanding view that timing the market reliably (especially short term) is impossible, but tweaking and reevaluating asset allocation should be an ongoing process.  Volatility is back, but it had been quite low for much of the bull market. Volatility canstoke fear that “this time it’s different” and tempt investors to try to time the market.  We have always felt that rash decisions based on fear or greed will do more harm than good.

The second trading day of 2019 gave another shock to the system. On Jan 3rdDow falls 660 points on Apple bombshell, US factory slowdown.” [vi] Then, Jan 4th the market bounced back and as of January 15th the S&P is up more than 4% in 2019[vii] and the Dow more than 3%[viii]. Why? Maybe it’s the Fed leaning more dovish, or a good jobs report, or optimism about a trade deal with China; it does not matter.

We are now and have always been invested with your long-term goals in mind. Over the last 3 years you should have seen a noteworthy positive return on your investments even with last year’s loss. Over the last 10 years, a period wrapped around the end of the great recession and last year’s volatility, if you were invested with us, you should have seen a healthy return.  You know that as fiduciaries we put your interests first and foremost while we give you the best guidance that we can.

 

 

 



[i] Yahoo finance 01/09/2019

[iii] www.cnn.com 12/31/2018

[vi] www.cnn.com 01/03/2019

[viii] https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

*Any opinions or forecasts contained herein reflect the subjective judgments and assumptions of the authors only and do not necessarily reflect the views of Royal Alliance Associates, Inc. All Investing involves risk including the potential loss of principal. Past performance is not a guarantee of future results

 

  •  

Securities offered through Royal Alliance Associates, Inc., Member FINRA/SIPC

Advisory services offered through Creative Wealth Management, LLC a registered investment advisor.

Not affiliated with Royal Alliance Associates, Inc.

Financial Updates

Personal Financial News

Company Info

1377 Motor Parkway
Suite 212
Islandia, NY 11749
Phone: 631-232-9170
Fax: 631-232-9175
lrivera@creativewealthllc.com

Follow Us