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January 2016 Market Update

January 12th, 2016 | Written by

We have started off the New Year with recent geopolitical and global growth concerns that have had a negative impact on the market – China’s pace of growth and currency movements, Middle East tensions between Iran and Saudi Arabia, North Korea’s possible nuclear tests, and lower energy prices were the major headlines. With the heightened geopolitical risk and global growth concerns, we anticipate volatility but think a bear market will be avoided and stocks will ultimately move higher. We believe equity valuations have improved and businesses will continue to do well. Ultimately, lower energy prices should benefit consumers in a significant way by increasing spending and also enhance the profitability of companies.

It’s difficult to predict how the next headline will impact the markets but it’s important to not become discouraged. Don’t let the recent volatility affect your long-term goals, as wise decisions are never made out of emotion. We have developed a well-diversified portfolio built to achieve your long-term goals and remain diligent to identify sound investment opportunities. We value the trust and confidence you place in us.

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The Prosperity Consulting Group registered as a Registered Investment Advisor (RIA) in 2005. We have with a passion for providing clients with objective investment advice and wealth management solutions. Our purpose, coupled with our fiduciary commitment, is essential in helping clients achieve their financial goals. Our firm is dedicated to providing unparalleled financial planning and investment advice to individuals, families, businesses and institutions. We have identified key areas that are critical and integral to a client’s financial success. These planning areas encompass: Investment Planning & Management Retirement Planning Estate Planning Tax Planning Business Planning Insurance Planning Income Protection & Asset Preservation Education Planning 401(k) Planning
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