Transcript: Hello, I’m Ken Moraif, senior retirement planner at Retirement Planners of America, and as I understand it, some of you have been playing Where’s Waldo with me. As you may know, I’m traveling and so I’m getting you some backgrounds and seeing if you can figure out exactly where I am. I’m not going to reveal it. I’m traveling for several weeks, but we’ll try to make it fun for you as we move along.

So let’s talk about the week just ended. Of course, a lot of volatility. We saw the Dow drop 700 points on the news of new tariffs that President Trump had imposed and the retaliation by the Chinese and so that kind of spooked everybody that this could really deteriorate and turn into something really bad, and of course we believe that this is going to continue, and we see several months of this dance between President Trump, the Chinese, and the Federal Reserve. As you know, we saw him coerce, bully, intimidate the Federal Reserve into lowing interest rates, and we see that as essentially giving himself more ammunition, stimulating the economy so that he could then have ammunition to go after the Chinese with and that whole thing is going to continue. However, I was interviewed by Bank Rate. They have what they call their Market Mover survey, and they asked me where do I see the S&P 500 Index, the stock market a year from now, and basically what I said is that I see it about 8 percent higher than it is today. Now if you look at periods, our research has shown us that periods where the Federal Reserve has lower interest rates during a non-recessionary period over the last 50 years 100 percent of the time the stock market, the S&P, has been up and average of 16 percent, so a very strong rally after that. We don’t think we’re going to see 16 percent because we’re late in the cycle, but we do see 8 percent as a possibility. So we’re very bullish about where we go from here despite all the rhetoric and the scary stuff going on.

One of the things that’s very important is that during this last week we saw how quickly the stock market can turn, and it can turn and go down dramatically. We saw that in Y2K. We saw that in 2008 where it just went down and down and down and very swiftly, and we believe that if you are retired or retiring soon it is so important that you have an invest-and-protect strategy. Yes you want to invest. Yes you want to grow your money. We all want to do that, but we believe that the most important thing is not how much you make; it’s how much you keep. We’re not here to make you rich quick. We’re here to keep you from becoming poor, and there’s a huge difference between the two, and I think you understand that difference. So with an investment, we told our clients, as you guys know, in November 2007 to sell all their equities and stay out for all of 2008 during the last market crash, so we are confident that our strategy will help our clients to protect them from major losses when the next one comes, but last week, I hope, was a mild wake up call to you that if you don’t have an invest-and-protect strategy that perhaps you should consider one. So we are a firm that specializes in retirement planning so we work with people who are over 50, who are retired or retiring soon, so if that’s you, I encourage you to go to our web site. It’s, and while you’re there you can sign up to visit with one of our retirement planners. You can watch our videos, podcasts, lots of information that we hope will help you have a secure retirement.

So I thank you for watching this video. We still are bullish despite everything and believe we should be fully invested, and thank you for watching this video.