I am sure most of you are a little worried with the recent drop in the market, but this decline is good. When the Dow Jones Industrial Average was at 10,700 a few weeks ago, did you ever think ” I wish I had money to buy into the market since it’s going up quickly”. Now the markets have fallen, you can buy those same stocks or funds much cheaper than where they were a few weeks ago.
Many of your financial professionals will tell you to hold on and the market will come back, WRONG! You should be looking at what stocks have fallen the most over the past few trading sessions, and get out of stocks in your account that are not falling, Proctor & Gamble (PG) as an example. PG has not fallen much the past few trading sessions, take that cash and buy Siemens (SI), for example, which has gone from $97 per share a couple weeks ago, and now is $84 per share. You want to take advantage of market declines, and listening to your financial person say hang in there the market will come back, is a lazy way of them saying I don’t know what stocks we should buy, therefore, we should just hold our breath and wait for the market to recover. If that is your financial professionals advice, CALL ME.
I am not suggesting you start liquidating your stocks. You may want to add to stocks you already own, but nonetheless, you need to be analyzing your portfolio to see if you can make any adjustments versus simply holding on until a recovery in the stock market happens.
If you would like me to review your portfolio, have me give you a second opinion on your investments or hire me to be your Financial Advisor/Portfolio Manager, please call me at 877-944-2677 or email me at JimWigen@GetWealthyStayWealthy.com. Continue to check my website for updates on stocks I am buying and selling for my clients.
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Jim has worked as a Portfolio Manager & Financial Advisor since 1996. In May 2005, Jim founded WHI Financial Services, LLC, WHIFinancial.com, a Registered Investment Advisory firm, with headquarters in Texas. His primary focus is on portfolio management, financial & retirement planning, and financial advisory & insurance services. Jim manages investment portfolios & advises individuals, small to mid-size companies, and non-profit organizations on a variety of financial and business issues.
Prior to founding WHI Financial Services, LLC, Jim worked as a portfolio manager & financial advisor for two international investment firms. From 2001 to 2005, Jim worked with Prudential Securities (merger with Wachovia Securities, now Wells Fargo Financial Advisors), and from 1996 to 2001, he was working with Merrill Lynch. While working with both Wachovia Securities and Merrill Lynch, Jim enjoyed dual responsibilities as a portfolio manager, financial advisor and leader of the Professional Development Program.
Jim's responsibilities as leader of the Professional Development Program included, recruiting, interviewing, training, and overseeing the daily operations of all financial advisors involved in the Professional Development Program. Jim was responsible for managing between 10-20 advisors, while still managing his own client investment accounts.
In addition to his experience in the financial services area, Jim has been involved in several start-up companies. Jim's Philanthropic work includes serving as President/Treasurer of a private foundation established to provide non-profit organizations financial assistance, and Chairman/President of the Believe In Your Dreams Foundation. In 2007, Jim established the Believe In Your Dreams Foundation, a 501(c)3 organization, to help individuals who are suffering from life-altering circumstances beyond their control.
Jim has taught investment, insurance, and credit repair classes through continuing education at universities in CA & TX since 1997. Jim attended the University of Minnesota where his focus was Management & Marketing.
Jim has recently written two books, one called "Your Financial Lifecycle" a book which describes several key investment topics everyone will face throughout their life, and a book titled, "The Truth about Your Credit Score", which defines how credit scores are calculated and how you can increase your credit score, including templates which you can use to send to creditors.
Jim's books can be purchased on Amazon.com, via Author search, or by emailing him directly at JimWigen@GetWealthyStayWealthy.com.
In the Fall of 2011, Jim will be starting his radio show called, The Jim Wigen Show, Teaching You to Get Wealthy & Stay Wealthy. You can hear his shows through streaming audio by visiting JimWigen.com.
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