Earlier this week we sent out a letter to our clients discussing the market chaos that is occurring. Well, the chaos has continued! The market as it stands today is down 20% off its highs.
Warren Buffett famously said, “it wise to be fearful when others are greedy and greedy when others are fearful.”
Fear right now in the market is approaching 2008 levels. The CNN Fear and Greed index (shown below) is at a level of “extreme fear.” So how do you actually go about doing what Warren Buffett famously said?
In today’s podcast we address the fear that many are feeling right now. We address the idea of moving into cash and selling your stocks and why that strategy isn’t a successful one.
We then discuss several things that people should consider right now, including refinancing a mortgage, reviewing and adjusting a 401k, putting cash to work, and much more.
We hope this information is useful and helps you understand that volatility in the market provides an opportunity.
Here’s to wise investing,
Brian, Brett and the Iron Gate Team
The commentary on this program reflects the personal opinions, viewpoints and analyses of the Iron Gate Global Advisors, LLC employees providing such comments, and should not be regarded as a description of advisory services provided by Iron Gate Global Advisors, LLC or performance returns of any Iron Gate Global Advisors, LLC Investments client. The views reflected in the commentary are subject to change at any time without notice. Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Iron Gate Global Advisors, LLC manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results and always consult with a professional prior to investing.