The Prudent Retiree - August 2017

“We Will Bury You.”

          -Nikita Khrushchev

All of us who grew up during the Cold War with the Soviet Union remember those words spoken by Soviet Premier Nikita Khrushchev when describing the fate of the United States and other Western nations. This was the same guy who pounded his shoe on a table during a United Nations meeting.

Remember when they taught us in school how to duck and cover? That was supposed to protect us from the “Bomb”. Remember bomb shelters?

History repeats itself. Kim Jong Un is certainly as wacky as Khrushchev. How much is bluster and how much is real? It’s impossible to know. Any rational person would conclude that Kim won’t really push the button. This is the guy who executed some of his own people with an anti-aircraft gun. He pulled the trigger himself. He had his brother poisoned by prostitutes in an airport terminal. Nothing seems to have changed except the number of television stations. We’re still going at it with the Russians and today’s Kim is as bad as his father and grandfather before him. President Trump has some difficult decisions to make.

Khrushchev tried to put nuclear weapons in Cuba. President Kennedy drew a line with U.S. warships and called his bluff. Khrushchev backed down, the nukes returned to Russia. President Trump may also have to make a stand.

Overall, the market has remained strong. Today as the North Korean Crisis plays out, the market is unsettled. It is important to note there has not been a correction for ten months. We are due. For now, we recommend staying invested in equities. We’ll monitor the situation closely and take action if warranted. A correction is not a crash.

I’m thrilled to have a new grandson. Jake and Lora are the proud parents of Tucker. What a blessing! He’s healthy and hungry. Enjoy the dog days of summer and remember what is most important.

Here at Horseman Group, we strive to provide you with the highest possible level of customer service. Feel free to reach us at 314.692.7842 or with any questions regarding your investments, risk management, or retirement. 

Should you wish to be removed from this mailing list for any reason, please respond to this email with your request, and your name will be removed immediately.

Horseman Group – 3 CityPlace Drive - Suite 290 – St. Louis, MO 63141 – 314.692.7842

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.

Horseman Group