Our clients have missed all this…
Biggest drawdown of stocks AND bonds ever?

Want to know how?

First let me tell you what we’ve done in these unprecedented times. In our managed accounts mostly held at TD Ameritrade, we got out of growth stocks and long-term bonds January 4th this year. Even though they were holding up better for a while, we got out of dividend/value stocks and even short-term bonds February 4th. Getting out of bonds was a first for us but the times called for it. Even though we have had a couple of equity positions since then, we have stayed essentially flat.

We believe in unprecedented times taking action to protect your future is imperative.

After all. It’s not your portfolio, it’s your future.

Many advisors believe in set it and forget it portfolios. “If you get the allocation right you are all set.” Do you think someone that “manages” your money should do that regardless of market conditions?

We do portfolios differently. Our philosophy is “what is working now.” 

As you have watched asset class after asset class take its turn in losing 10%, 15%, 20% or more our clients have enjoyed not continuing to lose instead of the stress and wonder of what will happen next. This works great in retirement or other tax deferred accounts.

Investors that hear from us and not their own financial advisors have called and walked into our office because of their concerns over these issues: getting no changes and no communication. Or they get the old hand holding: “everything will work out in the long run, just hang in there.” That might be okay if markets quickly go back to where they were. But what happens to your hopes and dreams if this gets worse or lasts a lot longer?

Think about this too: many investment strategies still being used were developed when we used paper maps to make sure we got to our destination. Now we all use GPS on our phones. Investment technology has advanced just as fast and helps us make changes quickly to stay on course. 

If you are not getting the attention you deserve, or the answers you need or you want more then set it and forget it, give us a call (520) 325-1600, click here to set up a time, or stay up to date by signing up here for our emails

All my best,
David W. Shepherd, ChFC, CFP®
6300 E El Dorado Plaza, Suite A200
Tucson, AZ 85715

Phone: 520-325-1600
Fax: 520-325-9097
Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Shepherd Wealth & Retirement ("SWR"), or any non-investment related content, made reference to directly or indirectly in this newsletter will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this newsletter serves as the receipt of, or as a substitute for, personalized investment advice from SWR. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. SWR is neither a law firm, nor a certified public accounting firm, and no portion of the newsletter content should be construed as legal or accounting advice. A copy of SWR's current written disclosure Brochure discussing our advisory services and fees is available upon request. 

Please Note: If you are a SWR client, please remember to contact SWR, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services. SWR shall continue to rely on the accuracy of information that you have provided.