The Prudent Retiree - What's Going On Part V

Fear continues to rule the financial markets. Coronavirus. Oil prices. Scary. Stock prices have dropped significantly in the past month. Remember the market made it’s all time on February 19th. That was less than a month ago. Last year the market was up more than 25%. As of last Friday, the S&P 500 was down 8% year to date.  

Corrections are a normal part of investing. They can’t be avoided unless you don’t invest in the stock market. Banks will gladly take your money and pay you essentially nothing. Can you live on that? Though the market goes down on occasion, it has certainly out performed the bank over time.    

What do we do now? Prudent Retiree is reminded of a song— “Ridin’ the Storm Out” by REO Speedwagon. The song was a top hit in 1973. I’m sure many of you know the lyrics. The inflation rate is low, interest rates appear to be heading to zero and the economy is sound. We believe this is a market correction, not a crash and we should follow the lead of REO and ride this one out.  

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 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 – www.horsemangroup.com  

Securities and advisory services offered through LPL Financial, a registered investment advisor. Member FINRA/SIPC.  The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results.

Investing involves risk including loss of principal. No strategy assures success or protects against loss.