We wanted
to communicate our Firm's views on financial market activity making headlines
recently, namely the situation in Europe and the J.P. Morgan trading loss.
Please keep in mind that there will always be significant issues that
affect the financial markets. Some will be more significant than others,
however, if we have a long term view and a diversified portfolio these events
present no more than opportunities to us. If we do not have a long term view
(i.e., greater than five years) then our portfolio should not be invested in
anything that will be significantly affected by such short term events.
Remember, just because European governments are having issues right now
does not mean that all European companies are poor investments, and the smart
money managers we use are using this as a buying opportunity.
Regarding the J.P. Morgan trading loss. This is a prime example why we do
not advocate putting more than a very very small fraction of any portfolio in
individual securities, because this is the type of thing which can happen to
ANY individual company at ANY time.
Please note that past market performance is no guarantee of future
investment performance or success.
White House Financial & Settlement Consulting helps families live an easier and less stressful life through the proper management of their financial resources. We do this by acting as our clients’ trusted advisor providing a personal touch customized to the client’s needs! Please visit our web site at www.whitehousellc.com for more information!
White House Financial & Settlement Consulting helps families live an easier and less stressful life through the proper management of their financial resources. We do this by acting as our clients’ trusted advisor providing a personal touch customized to the client’s needs! Please visit our web site at www.whitehousellc.com for more information!