Asset Planning, Inc Blog

The latest from the team.

Post Election

Welcome to our blog- our newest way to communicate.

On November 4th, Barack Obama was elected as our newest president. He is expected to move quickly to announce his selections for the top economic posts, including a new Treasury secretary. We could see Paul Volcker, the former Federal Reserve chairman, in this position.

There are a number of problems facing our nation. Unemployment is currently 6.1% and will probably rise over 7% in the coming months as more layoffs are being announced each day. There is no doubt we are in a recession. How long will it last? Will it be deep and prolonged like the 1981-82 recession, which lasted 16 months and unemployment was 10.7%? The last recession of 2001 was eight months long but consumers used their home equity as ATM machines to spend their way out of the recession. Interest rates were low so spending continued. I believe this time will be different. Home equity has been wiped out by falling home prices and home equity loans have been tightened or canceled.

The global liquidity crisis that had gripped banks around the world seems to be improving. Cash is beginning to flow and loans are being made. Home sales did pick up last month. Dr Adibi, economist of Chapman University, believes real estate values will fall another 10% as the Alt A mortgages begin to default. The majority of the five year arms (adjustable rate mortgages) will reset in 2009 to 2011. I would look to buy real estate in mid 2009.

Where do we go from here? The volatility of the market is unsettling and it seems to overreact to any bad news. We do not yet know how the new administration will impact our taxes and capital gains rates on investments. We are currently reviewing year end summaries of each managed portfolio for gains, losses and taxes.

For the short term, do not focus on the daily or weekly news and stock fluctuations. Investments are for long term horizons and trying to time a market top or bottom is nearly impossible. We have plans in place for purchases on a global level for several great companies that have been undervalued. Moves in the market happen quickly, including rallies on positive news. Look ahead to 2009.

"Be fearful when others are greedy, and be greedy when others are fearful" Warren Buffett

Sandy

Continue reading
  1247 Hits
1247 Hits

Congratulations! You have successfully installed EasyBlog!

Thank you for making the right decision to start blogging in your Joomla! website.

 

Continue reading
  2084 Hits
2084 Hits

By accepting you will be accessing a service provided by a third-party external to https://assetplanninginc.com/

Search Blogs Module

Wait a minute, while we are rendering the calendar
email notifications borrowing money integral member padlock July weekend settlement options ice cream stock pile tax deadlines phone companies tax returns app text messages card reader vacation Brexit vote blog post operations manager markets January 10 Affordable Care Act interest rates consumer spending Supplemental Security Income Ice Cream Social donation counts FSA September 30 2020. Open Enrollment credit freeze VOIP landline phones phishing sites 2017 Equifax breach Medicare plan fun atmosphere self-help topics Medicare Advantage student loans offering insurance CERTIFIED FINANCIAL PLANNER exam Legal robocalls emergency kits cell phone SIM swap scam 900 number debt Notary Public drive /usb cell phone carriers policy prescription eyeglasses relief efforts COVID -19 virus partner /owner Asset Planning hurricane Dorian September 8 retirement accounts news coverage October 1 2020. market turmoil Financial Planning Magazine driver license 401K spam phone paperwork clutter information checklists disaster areas Social Security emergency folder spread Fox News story holidays approach information Facebook scams executive order Two-Step Verification Medicare Roth IRA records estate planning July 4 Wells Fargo customers insurance policy birth certificates phishing scams privacy settings home documents Independence Day identity theft bottom line Wells Fargo employees assets business hours credit score clone counterfeits health care services chip-enabled EMV cards identity thieves 70 1/2. breach cell phone provider 2018 IRA contributions summer life saver “ skimmer ”. home security team members home emergency kit Economic Security pet supplies donation items April 18 2017. Expired medications National Ice Cream month flash drive home emergency preparedness kits years pet donation drive official certification Mobile Banking Security Tips Auto insurance Retirement Contribution Limits non-prescripstion sunglasses credit card company Orange County Superior Court Erin Nelsen media accounts memorial Day weekend privacy notices car loans CA FTB Orange County https :// Flexible Spending Account Federal Trade Commission website 2017 TD Ameritrade National LINC Conference check lists family members Part B California Lions Friends EEChecklist-Kits.pdf stockpilingchecklist.pdf tax season health care costs pets IRA accounts retirement plans asset Planning illiegal robocallers rescue organizations Amazon web address July 3 rd home break-ins https ://seekingalpha Charles Schwab Medicare Part B CARES Act tax deadline DNA test kits pet insurance policies estate planning direction FEMA website 2017 IRA contributions Coronavirus Aid interest Medicare Part B premiums people medications jury duty vision screening account numbers fun facts opt-out client portal banking Shred paperwork Kraig Mathias Facebook profile cell phone service provider credit card fraud retirement Medicare question clients fees tax filing deadlines earthquake app credit monitoring service spring cleaning cell phones IRS clients show support investment statements Treasury Department 20 year anniversary paper records September 9 wells Fargo earnings fallout water … April 11 April 15 CFP ® retirement planning portal credit cards ID card 23 andme gap insurance items president Trump June 29 company money 4 pm -8pm Puerto Rico TD Ameritrade February 14 phone estate Healthcare Kiplinger Letter Part D premiums . house sitter Open House ice cream event contribution limit parking spots Joey Gonzales coronavirus D premiums Social Security Administration home mortgages cell phone carriers offer tax records stimulus package increase Victor Dergunov IRS deadline payments July 6 pet industry notary services toilet paper emergency kit trust trustee Labor Day