Well, this is our last market alert video for the year 2020, and you know what, good riddance. What a year it has been. And wow, wow, wow. So basically, just wanna recap with you this year and as you guys know, it’s been a backward, bizarro world we’ve been in. We have a pandemic. We have millions, tens of millions of people unemployed, but yet the stock market sets new highs, real estate prices skyrocket and consumer spending is robust. How is this all possible? Well, it’s all as we’ve been describing to you, a result of the Federal Reserve early in the year coming forth and all, announcing they’re going to buy up the entire bond market, if that’s what it takes and that calmed everybody down dramatically.

And then, of course, the stimulus package that came, uh, on the heels of that, which gave people the ability to continue to spend and that kept companies’ profits in good shape. So despite all the terrible economic news, the terrible stuff that’s been going, on and the tragedies from a human life perspective, economically, the economy seems to be chugging along pretty well. But again, as we’ve said, it is all dependent upon stimulus. Without stimulus, consumers have no money or the ones that are unemployed have no money and 70 percent of our economy is consumer spending. So without that, the economy, we still think could tank.

However, it appears that the politicians have finally gotten their act together, kind of, sort of, and stimulus checks are on their way out the door as I record this. So, kind of a interesting year. One of the things that, you know, we’re most proud of, is that our invest and protect strategy came into play this year and of course, when we got out of the market in early March, we did not know that the federal reserve was going to jump in, there were going to be stimulus packages, 5, 6 Trillion dollars, unprecedented stuff. We didn’t know any of that. All we knew was that there was the possibility of another great depression and so we took evasive action, protected you from what could’ve been, again, another great depression. And so, if we had to do it again, we would. We always want to protect you from bad things and if we can do that, then we will do everything in our power to make it so. Here in this last quarter, we’ve seen a tremendous rally, the stock market has gone up significantly and so that has benefited us in the process and I think that it has put us in a really good place heading into next year.

So all in all, this year has been a terrible year from a human tragedy and from what the pandemic has done and the bankruptcies of small businesses that have been decimated by all of this. But from the standpoint of the stock market and from the standpoint of where we sit, it appears that at this point that no harm no foul. So again, we could not do what we do if it were not for you. We are so appreciative that you allow us to be your retirement planner to help you to navigate all of this stuff. Our goal always is to have your money last as long as you do. We don’t want you to ever run out of money. And we want you to have peace of mind as well. And we hope that this year, by getting out, protecting you from what could’ve been a terrible thing, gave you that peace of mind and then helped you to not worry that you were going to run out of money.

And so we, again, want to worry about all this stuff for you so that you don’t have to, and hopefully, with the vaccine, we will be able to go out and enjoy our second childhood without parental supervision and go do all the stuff that we’d love to do but that we can’t because we are hiding from the virus. So from everybody here at the RPOA family, we wish you a very, very happy new year and again, we are from the bottom of our heart, thankful that you have allowed us the privilege of being your retirement planner. So, next week when we have our market alert video, we’ll have our fearless forecast for you, so you’ll look forward to that, but in the meantime, happy New Year and again, thank you, thank you, thank you.

MMWKM Advisors, LLC (d/b/a Retirement Planners of America ) (“Retirement Planners of America”) is an SEC registered investment adviser with a primary business location in Plano, Texas. Past performance may not be indicative of future results. All investment strategies have the potential for profit or loss. References to the “invest and protect strategy” (the “Strategy”) and recommendations made under the Strategy from 2007 through 2009 refer to strategies collectively employed and recommendations collectively made by Retirement Planners of America’s principals while employed at Eagle Strategies, LLC., and also at Cambridge Investment Research Advisors, Inc. Four of the five principals remain as principals today, including the Retirement Planners of America’s founder, Ken Moraif, and Chief Investment Officer, Eli Dragon. Retirement Planners of America has been employing the Strategy since its inception in 2011. Therefore, any references to Retirement Planners of America’s performance or its investment advisory recommendations predating 2011 generally refer to recommendations made by Retirement Planners of America’s principals at the respective other firms described above. Like all investment strategies, the Strategy is not guaranteed. It is possible that it can incorrectly predict a bear market (generally accepted as a 20% drop in a market index), which has, in-fact, happened before at Retirement Planners of America and affected its clients accordingly. When the sell / “protect” portion of the Strategy is implemented, affected investors will incur transaction costs and taxable accounts will incur tax consequences. However, when implementing that portion of the Strategy, Retirement Planners of America generally believes that the benefit of avoiding bear markets outweighs the burden of these transaction costs and tax consequences.