Taking a look at the markets last week and how we’re managing our portfolios
December 20, 2021
Welcome to Wealth Enhancement & Preservation’s Market Minute, where we get to update you on everything that happened in the financial markets this past week. My name is Helen “Cokie” Cox, and I am a partner and Wealth Advisor at Wealth E&P, as well as the Managing Director of Wealth E&P’s Charleston, South Carolina division.
Last week, on average, we saw markets off between 1% to 1.5%. Unfortunately, here today on Monday, we are also seeing indices that are off today alone. Indices went down 1.3% to 1.75% across the DOW, S&P 500, and NASDAQ.
So, what are we doing at Wealth Enhancement & Preservation to manage our portfolios at this time? Our strategic portfolios remain invested. However, clients should know that ahead of this downturn, our tactical models did de-risk and we did add cash to clients’ portfolios some weeks ago. We are also shifting more of our tactical models that way, based on indicators and the rules for those tactical strategies.
If you have any questions about our tactical or strategic strategies and/or whether the allocation that you're invested in is appropriate given your age, retirement status, or current market environment, we are here to take your questions. Please feel free to reach out or visit www.wealthep.com. Otherwise, stay tuned for our next Market Minute!
Despite the holidays, we are in our offices and happy to talk to you about your portfolio or managing any year-end tax needs that you may have. With that being said, our whole team here at Wealth E&P sends you warm wishes for a peaceful and lovely holiday!
At Wealth Enhancement & Preservation, we are here to serve as your financial advisor and source of support in the Alpharetta, GA, Cartersville, GA, and Charleston, SC areas. Our advisors are dedicated to simplifying the complexities of the financial world and as your advocate, we strive to learn about your most valued goals and dreams. From individual investors to entrepreneurs, our services are designed for your success.