December 11, 2012
Dear Members and Friends,
One of the questions I get asked the most from people is what should we do to position ourselves in regard to a potential downfall in the market? How do we protect ourselves and our families when so much is going on at the time? I have to tell you that there is no definitive answer other than to make sure that you are fully allocated with your investments, fully insured for your risks and completely up to speed with cash reserves in case of any unforeseen emergencies. This is a review that should be done as a spot check on a quarterly basis. It should be done as a comprehensive check on an annual basis. It is not a review that should cause you to panic but one that causes you to make changes when such changes are needed. It is a review that causes you to realize your strengths and your weaknesses and take care of each accordingly. It is a review that keeps you going forward in the direction that you choose.
My advice to you is the same: review what you have and make sure that it fits your situation in life at this time. This is both in spite of and because of what is going on with the economic situation in this country and others. This is in spite of and because of the election results or the pending issue known as the Fiscal Cliff. Do not be afraid to make changes and be sure to make them when you can do so. This is the best advice that I can give you at this time with these issues.
R. Dale Adcock