Is it time for a free one-hour review of your goals and plans?

By Mike Brady, Michael Brady & Co. Wealth Management

With investment account statements showing losses this year, many people are questioning whether they have the proper mix of investments in those accounts to match their tolerance for loss.

Since 2009, the stock market has experienced mostly positive results with minimal price fluctuation. More recently it seems that that price fluctuation has returned to its historical norms. Since 1900, the Dow Jones Industrial Average has experienced a loss of five percent or more about three times per year on average. The average length of time from market high to market low has been 46 days. Losses of 10 percent or more have occurred about once a year on average and lasted about 115 days. Losses of 15 percent or more have occurred about every two years and lasted about 216 days. And losses of 20 percent or more have occurred about every 3.75 years and lasted about 338 days.

While past results are not predictive of future results, each downturn has been followed by a recovery and a new market high. That’s a lot of price fluctuation and you need to be prepared to ride out those fluctuations and find a mix of investments that makes you comfortable in all market conditions.

For over three decades we have been helping investors plan for the achievement of their family’s most important goals. Over that time, we have seen the power of a well-diversified investment portfolio provide the financial resources to fund retirements, college educations, gifts to important charities, and legacies to future generations.

We offer to you the opportunity to meet with us for a review of your goals and a second opinion on your current plans to achieve those goals. We will give you an hour of our time and will give you the benefit of our experience and knowledge to provide you with our unbiased overview of your situation. We promise to treat you the way we would treat our family—with no obligation and without any sales pressure.

You see, we are not stockbrokers or insurance agents and we sell no products. We receive no commissions or fees from anyone other than a direct fee from you for our advice. The hour is free and you will receive valuable information and we can both decide after our meeting if a continuing relationship would be beneficial for both of us. Give us a call today to schedule your second-opinion review.

Michael Brady is a fee-only, full-time fiduciary and certified financial planner. To set up an appointment, call 440-235-2100, email Mike@MichaelBradyCo.com, or visit MichaelBradyCo.com.