The recent market turmoil has unsettled investors around the world. Many people say the credit rating downgrade of the USA by Standard & Poor’s is the reason for this volatility.
The stock market has been rising for the last couple of years without the economic health to support the gains. High unemployment levels, a softening manufacturing and service sector, continued housing problems and a lack of leadership out of Washington have, and continue, to weigh on financial markets here, and around the world.
The financial media’s “noise” has once again reached a deafening level. They have ratcheted-up the level of hype and anxiety to the point that many investors are letting their emotions take over and selling their investments. Murray Financial Group knows that the best defense against emotional reactions in the stock market is diversification and owning quality companies. Our strategies do both of these, among many other prudent philosophies.
So, turn off your TV. Don’t buy into that headline above the fold. Question the radio personality’s motives. Instead, ask yourself these types of common sense questions:
Will Exxon stop drilling for oil?
Will IBM stop providing computer services?
Will Coca-Cola stop making soft drinks?
Will Marriott close all of its hotels?
Will MGM quit making movies?
You get my drift? By investing in quality companies, diversifying and maintaining a disciplined strategy, you greatly enhance your opportunities. This, and more, is what Murray Financial Group is focused on every day.