My Annual ADV and We May Have a Market Bounce

As of this writing on Wednesday 3/18/2020 at 9:16 Central, it looks like the markets are trying to rally from the lows of recent days. We should have an idea by the end of today.

Also, attached for your reading pleasure (just kidding) is my annual update to the ADV Brochure update which FINRA regs say must be distributed to clients each year.

The market gapped about 6% lower this morning from yesterday’s close, then rallied about 3.5-4% in the first hour or so. If the buyers step up, we may see an intermediate bottom. I added positions in Microsoft and Apple just after the open today, bringing the total stock allocation for the Conservative Portfolio to 24%. We still have 35% in cash.

If you manage your own money, it probably makes sense, depending on your overall financial situation, to put some money to work. The markets are below the lows of 2018 and are at levels we saw back in the Summer of 2017. Wow. Gold and Silver have been sold heavily over the last 7-10 days, but we are holding for the long term. The Fed is fighting deflation by creating money and spreading it around, so the metals help provide a haven against the devaluation of the US dollar. If the Fed does not succeed in fighting deflation, the cash we hold will help us weather the storm.

Time will tell. Be safe and be kind to others.

Dale