Hello, I’m Ken Moraif, founder of Retirement Planners of America, and thank you for watching this video. This is our Weekly Market Alert video for the week ending November 6, 2020, and last week, last Friday, if you watched the video, you saw that I said that the selling that we saw was a buying opportunity, and I can tell you that I did not expect to see this week a rise in the S&P of over 7 percent. I did think it was a buying opportunity, but wow. So what’s going on? Why is this happening? Well, in our view, there’s two things. One is, as we’ve said for many, many weeks now, it is the stimulus that is going to keep the economy afloat. We believe that consumer spending is 70 percent of our economy and therefore, if there’s a stimulus for consumers to be able to continue to spend, that will keep the economy going and keep the stock market up. When that stimulus fades, we see selling.

The politicians went home last week and they said, “We’re gonna deal with it later. We wanna go get reelected.” And people got nervous about that, and there was some selling. That’s our view. Now this week, two things, the elections are upon us. Maybe we’re going to get a stimulus package soon. Every day we get past elections, the closer we are to a stimulus, and so we think that’s a great deal of the reason for the buying that we’ve seen this week and the rally that we saw. The other things also is that it appears based on, as I record this, the election returns that we may have gridlock with our government, and we’ve gone back and looked at periods and according to Bloomberg during periods of gridlock, meaning government can’t get anything done because it’s divided, we have seen the stock market, the S&P, actually do quite well. So why is that? Well, one of the main reasons is that investors don’t like change. They don’t like uncertainty, and if they feel confident about the future, then they can invest based on how they see things happening. So the more certainty investors have, the more likely they would be to invest and that would drive prices up in our view. So if we have gridlock, then what that means is the potential for tax changes, healthcare changes, regulation changes, all that kind of stuff becomes very, very difficult and if there’s not going to be a lot of change, we know how to play this game right now. We’ve been playing it for a while. We know the rules, and so investors feel more confident.

The other thing that gridlock does is it then means that if those issues are off the table, then it becomes the stimulus, in our view, even more important. So keep your eye on that ball if you want to know where the markets are going to go in our view. Now, if you are over 50, if you are retired or retiring soon, then you may think this means that, “Oh great, stimulus package, potential new all-time highs, I need to go big.” Well, our view is we have an investment principle that says that “Never take more risk than is necessary to accomplish your financial goals.” So we want to help you to determine how much risk you need to take, your allocations, how much you should have in the markets, how much you should have in an emergency fund. We want to help you decide on when to take Social Security, help you see if you can retire or not, if you are retired, where do you get income from, all kinds of stuff with regard to if you’re within that 5 years before retiring or the 5 years after.

If you’re in that 10 year, that decade, we think it’s the most important decade of your entire financial life, and we want to help you to make decisions during that time so that you can enjoy your second childhood without parental supervision which is what we call your retirement. So, how do you do all that? Visit with one of our retirement planners. It’s very easy. Just go to our website,, and click on “Meet with an Advisor.” We’ll schedule a time to visit with you, no charge or obligation. If we can help you, fantastic; and if not, that’s fine too, okay? Either way we’ll part friends. So take advantage of it. You’ve got nothing to lose. So thank you for watching this video, and we will talk soon.

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.