October is notorious for being a rollercoaster stock market month. Some financial advisors are wasting no time in battening down the hatches.
“Crises that plagued the markets throughout September have historically reached a crescendo in October and this year is no exception,” says Randy Warren, chief investment officer at Warren Financial Service. “We’re shoring up protection for our portfolios and preparing for the worst.”
Warren Financial is pulling client assets out of high beta ETFs and mutual funds that don’t perform in a highly correlated, volatile market. The European debt crisis continues to cast a dark shadow over investor outlook, correlation is nearing an all-time high, and last week brought the greatest decline in major US equities since the outset of the financial crisis in October 2008. Mr. Warren is available to provide insight for investors seeking safety in this unstable environment.
Warren Financial Service, WFS Funds
Founded in 1965, Warren Financial Service provides professional and diligent investment advice for individuals, small/medium sized businesses, foundations, trusts, and executives. Matched with its experience in investment management, private client relationships, philanthropy, and estate planning & administration, the firm brings a finely honed perspective to help investors achieve their objectives.
Visit us at www.wfsfunds.com.
Phil Nourie / Nourie Johnson Communications
Web Site: http://www.wfsfunds.com
Tagged with: 401(k) • Bond Funds • Bond Market • Business • Business Services • Commodities • Common stock • Dividends • DJIA • Dow Jones Industrial Average • Economy • etf • European sovereign debt crisis of 2010–present • Exchange-traded fund • Financial • Financial Advisor • Financial planner • Index fund • Industry • Investing • Life Insurance • Markets • Money Management • Mutual fund • Mutual Funds • Preferred stock • Retirement • ROI • Standard & Poor's • Stock market • Warren Financial
Filed under: Business