Prosperity Financial Group Logo

Share This Post

[et_pb_section fb_built=”1″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.18.0″ _module_preset=”default” custom_margin=”-30px||||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]

The long road back to profitability…

Tuesday, September 13th, was one of the worst days in history in the stock market. The DOW dropped by more than 1300 points, following about eight straight days of gains, which made it appear that we were beginning the long road back to profitability. But everything was erased on that day, and it really hasn’t improved. 

Here are some ugly statistics as of Friday, September 18th:

[/et_pb_text][et_pb_cta button_text=”Click Here” _builder_version=”4.18.0″ _module_preset=”default” background_color=”#446251″ global_colors_info=”{}”]The S & P Index is down 18.75% this year

The DOW Index is down 18% this year

The NASDAQ is down 27% this year

The Russell 2000 (smaller companies) is down 21% this year

The Vanguard Technology Index is down by 28% this year
[/et_pb_cta][et_pb_text _builder_version=”4.18.0″ _module_preset=”default” global_colors_info=”{}”]

So, what happened last week?

There was an intersection of four perceived negative events.

1. The inflation rate hit 8.3%, a 40-year high.

2. There was a party at the White House celebrating the Inflation Reduction Act, which provided awful optics.

3. The unemployment rate ticked up for the first time since we can remember.

4. Mortgage rates for a 30-year mortgage hit 6.28%.

So, now what? 

Here are the two paths in front of us, both spelling out buying opportunities for the long-term investor.

1. We touch, or come close to touching, the bottom of the stock markets from earlier this year and then begin our ascent.

2. We enter a recession, a housing stoppage, and we all freeze for a year or so, making 2022 a year for investors similar to 2008-2009 and 2001-2002, two formerly painful periods. 

 

I continue to remain very cautiously bullish and optimistic, especially with elections coming in the next few weeks, and ever hopeful for policy changes that will improve the economy.

We will see. 

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”4.16″ _module_preset=”default” border_width_all=”10px” border_color_all=”#163B26″ saved_tabs=”all” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_image src=”https://prosperityfinancialgroup.com/wp-content/uploads/2022/04/Screen-Shot-2022-01-31-at-4.11.55-PM.png” title_text=”Screen Shot 2022-01-31 at 4.11.55 PM” _builder_version=”4.16″ _module_preset=”default” custom_margin=”|||0px|false|false” custom_padding=”|||10px|false|false” global_colors_info=”{}”][/et_pb_image][/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”We look forward to hearing from you.” use_icon=”on” _builder_version=”4.16″ _module_preset=”default” body_text_align=”left” custom_margin=”|0px|||false|false” custom_padding=”|10px|||false|false” inline_fonts=”Mr Dafoe” global_colors_info=”{}”]I’m here to answer any questions or concerns you may have. Please feel free to reach out to me to meet in person or Zoom at your convenience. 

 
[/et_pb_blurb][et_pb_button button_url=”https://calendly.com/elliotkallen” url_new_window=”on” button_text=”Schedule An Appointment” _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][/et_pb_button][et_pb_text _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”]All my best,

Elliot Kallen

925-314-8503

Elliot@ProsperityFinancialGroup.com
[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]

Expert Insights

Elliot Kallen Signature 5

Did you enjoy this read?

We’d love to hear from you.

To explore these topics further and discover how they impact your financial journey – reach out for a personalized conversation.

Prosperity Financial Group Logo

Allow us to help

As your Fiduciary Registered Investment Advisory firm, we’re bound by law to put your interests above our own. We’re committed to maximizing your wealth within the constraints of your values and your life goals.

Our team of qualified and experienced experts is dedicated to building a positive, long-term relationship with you.

Register for Prosperity Power Hour

Enjoy food and beverages, meet other successful professionals, improve your referral base, and win fun door prizes!

Because of the intimate nature of this event, we’re taking a very limited number of attendees per event. These seats will go fast, so grab one while you can!

Bringing a +1? Please have your guest fill out this form.