As market volatility continues around tariffs and concerns about a possible recession, anxiety is building over fears of a bear market developing.
We feel the anxiety here at Curran and understand how you may be wondering what to do to counter the decline in your investments.
Our core philosophy for investing your money is to hold very strong and growing companies that are not overly dependent on the economy. In other words, we do not choose to own a business that cannot endure if the broader economy is weak for an extended period. We say, “We want to be in a position that we can confidently execute your plan no matter what happens tomorrow.” Specifically, we want to know how we will react to an event before it happens. Otherwise, there is no commitment nor is there likely to be long-term success.
During this time, we continue to execute the plan we have established to secure your financial goals. When appropriate we continue to harvest losses to offset capital gains. We continue to validate our strategies to ensure success. We are not in a panic.
I have recently been speaking to college students in the Albany region. At RPI, I discussed my approach to business in a program called “Leaders in Action”. The students were mostly graduate engineering students with some from the Lally School of Business. The topics ranged from ethics to job opportunities as well as my personal career to include my book “Investing Ahead”.
But the topic that drew the most interest was emotional intelligence and the question I asked: Can you think and cry at the same time? Can you be angry and think? And perhaps most importantly, can you succumb to stress and think rationally?
I was asked by the program coordinator if I wanted to see evaluations the students were required to submit. I said yes with some reluctance. I am very glad I did because I found most of the students mentioned how they found my comments about emotional intelligence to be important because they believed they were not doing well in stressful situations. The point I made with them is their ability to sustain success and progress in their lives, no matter how they defined it, was to make emotional intelligence a priority in all they do. I told them controlling emotions was vital. Otherwise, emotion would compromise their innate intelligence and education seriously impacting their ability to achieve their goals.
You know where I am leading this discussion? How many of us have not achieved the financial security we should have because we surrendered to past volatility in the markets?
Look at the long-term results for investing and point to a time when you would not have benefitted from staying the course and investing more in the stock market measured by the S&P 500?
You are invited to call and speak to your Wealth Manager as well as all our staff to discuss your concerns and how we are working to get through this period of turbulence in the markets.
Sincerely,
Tom Curran
Founder & Co-CEO
Curran Wealth Management
At Curran we value service over sales and believe quality service yields happy clients. Below is our 4-step process (the first three steps at no cost to you).
A short introductory call for us to get to know one other. During this call we will discuss your financial goals, concerns and hopes for the future.
In this meeting we will go over your current financial situation, take a deeper look at your goals, discuss your risk tolerances, and collect the data necessary to build a formal proposal.
Based on our data gathering session, our Private Wealth Managers will present you with a custom proposal tailored to your needs. We encourage individuals to take the time to evaluate this proposal.
If you are comfortable with the proposal and choose to invest with Curran, our team will be there every step of the way assisting in opening the recommended accounts and facilitating all necessary parts of your onboarding process.
