The summer doldrums are now upon us and the long dog days of summer have kept the volume on Wall Street very low. The old adage, “Sell in May and Go Away” has been good advice so far. An investor would have been very well served to have sold stocks on May 1, 2010 (May Day) and went off on a nice vacation to spend their summer on the beach worry-free.
The rest of us, however, have experienced some extreme volatility as the stock market has been moving sharply between gains and losses. Unfortunately, with interest rates next to zero it has become very difficult for investors to earn a return on cash which has forced savers into riskier asset classes.
I am pleased to announce that I have recently launched my company MTM Capital Partners, LLC to offer local financial planning services and investment advice. Please contact me directly for a free no-obligation consultation.
Michael T. Maloney, CFP®
MTM Capital Partners, LLC
845-300-8282
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