The Prudent Retiree- November 2017
“It ain’t over til it’s over.”
- Yogi Berra
Through the years, Yogi Berra has been Prudent Retiree’s most quoted expert. He was a New York Yankee — peerless Hall of Fame catcher and part of more World Series Championships than any other player. When Yogi spoke, people listened. E.F. Hutton came later. His uncanny observations offer insightful perspective on the market.
The recurring question — Is the market too high? There has been an extraordinary increase over the past year. Prudent Retiree understands your concern, but as Yogi said “it ain’t over til it’s over.” True, he was talking about a baseball game. Anything could happen and that applies to the market today. We believe low inflation and interest rates will continue to favor the stock market. Our risk management model is positive for equities.
Yogi probably felt good about the outcome of the game when Joe DiMaggio or Mickey Mantle had homered and Whitey Ford was on the mound. He knew, though, the unexpected could happen and the Yankees could lose. We feel good about the market, but we continue to watch for unexpected risk and we’ll recommend appropriate action.
What is over is NPC. As you probably know, LPL Financial has acquired NPC and they will be our new broker/dealer partner. We’re excited and will keep you informed as the acquisition plays out.
Enjoy Thanksgiving, time with your family and all the trimmings.
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Horseman Group – 3 CityPlace Drive - Suite 290 – St. Louis, MO 63141 – 314.692.7842 – www.horsemangroup.com
Securities and advisory services offered through National Planning Corporation (NPC), Member FINRA/SIPC a Registered Investment Adviser. Horseman Group and NPC are separate and unrelated companies. The views expressed within are of John Horseman, not National Planning Corporation (NPC), and should not be construed as investment advice. Investment decisions should be based on individuals’ investment goals, risk tolerance & time horizon. Past performance is no guarantee of future results. NPC is not to be held responsible for and may not be held liable for the accuracy of information available. Investing involves risk including the potential for loss of the principal amount invested. There is no guarantee that any investment strategy will be able to meet its intended objective. Certain statements contained within are forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans, or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties. Indices are unmanaged measures of market conditions. It is not possible to invest directly into an index. Past performance is not a guarantee of future results.