A Special Message from Affinity Asset Management
We are a week removed from a market that saw the DOW as low as negative 1000 points while the S&P suffered it’s worst one-day fall this year and the worst week in three years. On a positive note the markets showed resiliency and managed to erase large amounts of the losses that investors saw on paper.
Much has been reported about China’s woes being the main culprit for the drop in investor sentiment and selloff. The common belief among market analyst and fund managers throughout the industry is that while China is a cause for concern the recent selloff is not warranted.
With the continuing market volatility one might ask what is going on behind the scenes. If conventional wisdom tells us long term investors to hold and not panic sell……then who is selling?
Please visit the link below to read Ben Stein’s theory on this:
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In addition to managing clients’ money and giving investment and diversification advice, Mark offers something that “the other guys” don’t - a unique approach to Retirement Tax Strategies and distribution. Time and time again, Mark meets with new clients who tell him they have a great relationship with their financial advisor but have never been offered information on this kind of approach to securing their financial futures. Mark has taken this feedback to heart and works tirelessly to ensure that his strategies focus on taxes and distribution.
Mark started selling insurance for a major insurance company right out of high school to help put himself through college. After graduating with a degree in finance, he dove into estate planning on the financial side to set himself apart from other financial advisors. However, as changes were made to estate tax laws over time, Mark shifted his focus to income tax strategies.
Mark’s philosophy is “the blue prints are more important than the wall paper or carpet.” The wall paper and carpet represent products like investments and insurance policies, whereas the blue prints represent the strategies. Once strategies that truly fit the client’s needs are put in place, our focus can shift to providing you with the right products. According to Mark, “It doesn’t matter what carpet we use if the walls are not in the right place.”
Our approach to money management is designed to generate the largest alpha (quality) with the lowest standard deviation and beta (risk). By doing this, we help provide clients with the highest return on the lowest risk. Generating income for our retirees is also very important. Because withdrawing money from your portfolio hurts the account rather than helping it, our goal is to design income strategies to harm the portfolio the least making the money last longer.