Hello, this is a special Market Alert video and we wanted to get it out to you as soon as possible given all the activity going on in the market. As you may be aware, we’ve seen a significant drop in the market over the last few days. And so we wanted to get this video out to you and give you our thoughts, tell you where we are versus our strategy our signal to get out, and where we go from here.
So first of all, we are getting close, and we’re very close, we’re within two and a half percent as I record this, of reaching our sell signal. So because we are so close, it is not a time for us to panic and get out because we’ve had periods in the past where it’s gotten closer than this, and it’s bounced back and gone up significantly. So we don’t want to panic now. The upside is greater at this point than the downside potential given that we’re so close to getting out anyway. So we’re not going to panic and sell. However, I do want to assure you that if we do reach our sell signal, we are going to take action, we will get out and we will protect you from any further losses. The good news is that if we do sell and get out, we’ll be going into the money market fund, which as you know, currently is paying over 5% annualized. So it’s not a terrible place for us to be anyway.
So we are very close. We’re not there yet. And we just wanted to give you a heads up on that. The important thing is we want you to let us worry about this so that you don’t have to that’s our job. Okay, so we want you to not lose sleep. I know it’s hard with everything that’s going on with wars around the world. You know, a government shutdown looming, and inflation, and interest rates, and the Federal Reserve and oh my gosh, but let us worry about all that for you so that you don’t have to. And hopefully that gives you some modicum of peace of mind.
We’ll keep you posted as we go along, but wanted to get this video out to you and let you know we’re close. We’re not there yet. If we do, we will sell and if we do sell we’ll go into the money market fund which is not a bad place to be.
Okay, so thank you for watching this video. Thank you for being our client. You have no idea how grateful we are and how precious you are to us that we get to do what we do for you. It is a privilege. It is an honor, and we are eternally grateful. So thank you and we will talk soon.
Please note: transcript has been modified after the time of recording.
Economic indicators and stock market performance cannot be predicted. Opinions expressed regarding the economy and the stock market belong solely to Ken Moraif on behalf of Retirement Planners of America and may not accurately portray actual future performance of the economy or stock market outcomes. Opinions expressed in this video is intended to be for informational purposes only and is not intended to be used as investment advice for individuals who are not clients of Retirement Planners of America. All content provided is the opinion of Ken Moraif, CEO and Founder of MMWKM Advisors LLC (d/b/a Retirement Planners of America). ©Copyright 2023