For a financial advisor in Monmouth County, the possible rise of financial companies is extremely significant. In this podcast, we take a look at how (and why) financial companies may be rising from the dead. To a financial consultant, this is shocking because the stocks in the financial sector have been comatose for several years!
This is important because the financial sector is one of the largest sectors in the S&P 500 Index of companies. The market is scaling new heights — and has been accomplishing this WITHOUT the participation of the financial companies (banks, brokerage firms and insurance companies). If the re-awakening of the financials is for real, the market may have further to run.
We won’t predict what will happen in the future (whether near-term or long-term). When the charts change, we will change as well. I would also add the following:
Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that the future performance of any specific investment or investment strategy will be profitable or equal to past performance levels.
All investment strategies have the potential for profit or loss. Changes in investment strategies, contributions, or withdrawals may materially alter the performance of your portfolio. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for an investor’s portfolio.
If you are relying on a blog post for specific investment advice, you are making a huge mistake. Please speak with an investment adviser before making ANY investment decisions.
If you do not have an investment adviser, we encourage you to contact Mullooly Asset Management at 732-223-9000, or through our website. Under no circumstances should the content discussed here to be considered specific investment advice.