Hello, this is our weekly market alert video for the week ended September 11, 2020 and of course this is a very say day in the history of our country, and so our prayers, our well wishes go out to all the people that lost their lives on that day, the family members, the first responders, everyone that was involved in that horrible day, we wish the best for and our prayers go out to them.

On a lighter note, you may have noticed I got a new haircut. My wife actually asked me did you pay for that? My response was yes, no. So it’ll grow back, hopefully soon and next week it’ll look better than it does now, so but let’s talk about where we are, what’s going on. The big deal, of course, is the stimulus package that we were hoping would come out of the Congress. The democrats or republicans are not seeming to come to the table. We hope that no one involved is doing math and saying if we delay the package, that people will suffer and that will help my re-election possibilities or change something politically. We hope that that’s not what is going on here.

We hope that they, both sides, are sincerely negotiating for the best package possible, but right now, it seems like it’s a distant future before it comes and because of that we’ve seen selling going on with investors and that’s our view of why the last couple of weeks have been down weeks. As you know, we made our last purchase this week. So we bought at a good time we believe after 10 days of essentially the market going down, and so we believe we bought in at a good time. Now we do think there will be a package coming and when that happens, we see the equities, the stock market continue to rise and so we believe that’s going to be the case and most likely by the end of this month.

However, it may not and if it doesn’t, then of course, we could see a big drop in the stock market, the S&P 500 index and because right now we believe that the market and the economy are really, the economy’s terrible, unemployment has gotten worse, bankruptcies, and people on the verge of foreclosures and losing their apartments and all the rest of those things, and what keeps everything going right now is the stimulus which actually ended on July 31. So if it’s not renewed, then we could see the market and the economy in terms of the damage and that could be a bad thing for investors. So we’re glad we have our sales strategy ready to get us out should it turn south and so we will do that of course. We always want to protect your money to the extent that we can, but we don’t think we’ll get there.

We do think there will be a package and when it does come, it’ll be received well we think and that being the case, we see a continued rising in the market. So we’re optimistic, we’re bullish, but it is dependent on the government and a lot of times that’s a nail biting thing because it always seems to go to the last minute. In the meantime, we wish you well. We thank you for allowing us the privilege of being your retirement planner. We hope you are not worrying about all this stuff. We hope you are letting us do the worrying for you. our goal always, our two goals always are for your money to last as long as you do and for you to have financial peace of mind, and so with that and two more, one is that you stay healthy and that you stay sane. So we hope that all of these things are happening and that you are well. So we’ll talk soon. 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.