Clients and Friends,
We hope this finds you well, both physically well and emotionally well.
We say the latter because volatile markets aside, the words pandemic, shut-down, sell-off, lock-down, recession, uncertainty and volatility to name a few, can cause some anxiety. In fact, being isolated or social distancing can take away some of that much needed people interaction that comforts and calms us. Uncertainty-based anxiety can cause us to make decisions, including portfolio management decisions, that are not best for the long-term. Some level of anxiety or nervousness happens for all of us, we’re human and that’s how we are sometimes.
We are here for you and things will get better. We have made some portfolio maneuvers that both reduce downside exposure and will put us in a position to help you recover in the shortest timeframe we can. For those of you who were with us in 2008, you know that we were a bit more cautious than most investment professionals months before and throughout that crisis. In addition, because of our cautious nature throughout that uncertain time, we recovered in a more comfortable fashion. This time is no different. We made cautious changes in November that some thought was too early. A couple of weeks ago, we took a good portion of international holdings (the most volatile sector) and went to cash/money market. That was defensive and protective. This will also enable us to rebalance and help you take advantage of the upside when the time is appropriate for that action to occur.
Some major financial companies are calling for a very strong recovery at the end of the year. If their estimates are accurate, major indexes could put the S&P higher than when this whole thing started. This would not be an unusual occurrence; strong recovery, that is. This story is developing day by day and there is no guarantee of future results, however, we are monitoring the development very closely. We remain committed to serving your needs and helping you navigate these volatile markets while we continue to emphasize a focus on the long-term, and your personal financial plan. We recognize you may have questions or concerns about the current environment. We are here to support you.
Here are some things you can do to manage stress and anxiety:
Market related actions you can take while markets are on sale if you are still in the accumulation or gifting stage * :
We take our job of managing your money and your financial future very seriously and we share your concerns about uncertainty. We are confident in the steps we have taken and the steps we will take to keep you on track for your current and future objectives.
The best way to connect with us is to call us or email us. We will always take your phone call or email and our objective is to always get back to you during the same part of the day you contacted us:
We are honored by the trust you place in us. We are not only thinking about your financial future but your personal well-being. Now and always, we remain committed to serving your needs.
*Plans may vary based on each investor's suitability considerations.
We create strategies that are tailored to your needs and goals.
Years of experience have prepared us to guide you through your life transitions.
Trust. Honesty. Integrity. We believe values matter, and we live by ours every day.
What matters most to you in life? As your trusted financial advisor, our firm is dedicated to putting your needs first. Since our beginning, Premier Wealth Management Group has helped clients work toward financial independence with a personalized approach towards wealth accumulation and preservation.
Premier Wealth Management Group is a Saint Charles, Missouri based firm whose advisors provide comprehensive financial planning service to clients across the United States. In particular, many of our clients are newly retired persons or soon-to-be retirees who wish to partner with an experienced financial professional to pursue their lifelong dreams. Whatever your goals may be … planning for a secure retirement, being a good steward of financial assets, giving to charity, or passing down resources to the next generation … we are here to help you work toward those goals!
We take the core values of trust, objectivity, and stewardship seriously and incorporate them into every client interaction. We are dedicated to building lifelong relationships with clients by delivering the highest quality service. We encourage you to further explore our website. If our specialized approach to financial planning resonates with you, please contact us to request a complimentary initial consultation or call us at (636) 946-0555. We look forward to hearing from you.
Steven M. Hollis, CFP®CEO / President
Our first priority is helping you take care of yourself and your family. We want to learn more about your personal situation, identify your dreams and goals, and understand your tolerance for risk. Long-term relationships that encourage open and honest communication have been the cornerstone of my foundation of success.
"Remember, what does 'retirement' mean? It doesn't mean that you're a couch potato. Leisure is not the same things as rest. If you're bicycling five miles a day, that's leisure, but it certainly takes a lot of effort."