Are You Prepared For The Next Market Crash?
On October 9th, 2007 the Dow closed at 14,164.53. Exactly 17 months later on March 9th, 2009 we saw the Dow lose 53.78% of its value, closing at 6,547.05.
Hard to believe that it lost over 50% in the bluest of the blue chip stocks in less than a year and a half. The less than blue chip group did even worse.
Five and a half years later on September 9th, 2013 the Dow has made it back up closing at 15,063.12, up almost 2.5 times over this period.
On average a bull market is around 3 years. Our current bull market has been 4.5 years. That may be an implication of something, and beg the question, “Are you prepared for the next market crash?”
We saw individuals lose anywhere from 30%-50% in 2008. Some of those individuals believed they were conservatively invested and still lost to that degree. This may even be you.
And over these last few years, you may have even promised yourself that if you could just get back to break even, you would take your money elsewhere to protect it and learn from past mistakes.
Five and a half years later, ask yourself, have you followed through on your promise? Or have you found yourself in a predicament and ignored your portfolio.
This is a great time to sit down with a Retirement planning specialist to take a good look at where you are compared to where you would like to be. This may be the time to act, before the markets possibly crash again and you find yourself in a similar situation like what happened back in 2008.
Pick up the phone. Call the office (775) 853-9033 and let’s talk.