The market likes certainty. The Big 3 were told to come back with a new plan, leaving the bailout question hanging for two weeks. When Henry Paulson changed direction and announced he would not spend more of the TARP money until January, the market turned negative and went south. That drove the market to new lows.
One client told me she is now addicted to turning on the TV at 12:30 daily and watching the market for the last 30 minutes. "It's like watching a building fire- horrible and irresistible to view. " Today, the fires were extinguished.
President Elect Obama announced Hilary Clinton as the new secretary of state (third woman in a row) and Tim Geithner as the new Treasury secretary. Ah, finally we see some decisive action! The market likes an action plan, a road to success or a least a path out of the destruction. The market rebounded 494 points on the Dow in the last hour. Less talk, more action!
Sandra Field, founder, of Asset Planning Inc. (API), is a Certified Financial Planner and has been an active professional in the financial services industry for over 23 years. She is recently named as one of nation's leading wealth mangers by Bloomberg "Wealth Manager" magazine.
A Southern California native, Sandra graduated from California State University Long Beach with a Bachelor of Science in Finance and from University of Southern California with a Masters in Business Administration.
Sandra is a member of NAPFA (National Association of Personal Financial Advisors) and the Financial Planning Association. Sandra has served on the board of directors for the Orange County Chapter of FPA. Well respected in the industry, she is a featured financial advisor for the LA Times "Money Makeovers" as well as for the "One On One" column in the Orange County Register. In addition, Sandra serves on the Mutual Fund Panel of Experts for the Orange County Register Newspaper. She is also an active member of the community, serving as past President of the Seal Beach Chamber of Commerce, past Vice President of Finance on the Board of Directors for the American Cancer Society, and past Business Advisor to the City of Seal Beach.
Last but not least, she is a featured speaker at many public and private functions such as AAII (American Association of Individual Investors), Cal State Univ. Long Beach, EWGA and USC. She recently spoke at the WISE (Women In Securities & Education) conference, conducting a live money makeover before 400 women.
Whether she is assisting clients to reach their retirement goals or selecting the right investments for clients, education is at the core of Sandra's philosophy. She emphasizes the importance of developing a relationship with and educating clients, placing the utmost importance on helping them reach their goals, whatever they may be.