On November 17, 2018, Curtis Lyman, CEO and CIO of Alpha Beta Gamma Wealth Management in Palm Beach Gardens, Florida, was featured on the podcast, “Money and Politics in Delaware” to discuss his views on the current stock market and economy.
October was a volatile month for stocks—the single most volatile month since the infamous October of 2008. Curt says, “We think that the economic lights are primarily green, but there are a couple of yellow caution indicators.” He feels that U.S. stocks may have reached an apex; it might be time to diversify internationally and look at sectors that might be more of a bargain now.
Alpha Beta Gamma Wealth Management focuses primarily on retirement. The firm uses a combination of stocks, bonds, cash and fixed indexed annuities to round out portfolios for clients that contain the amount of risk indicated by both client risk preference, as well as suitability given their unique circumstances. (If you are curious about where you stand in terms of risk, you can take a short quiz to find out your risk number here: https://abgwealth.com/understanding-risk/)
Curt’s take on the market volatility in general is that, “It’s not a sprint, it’s a marathon,” and you should always think long term with money you have invested in equities—at least a three to five year timeline. Additionally, rising interest rates can erode the value of bonds, “you have to be a little bit defensive.” Listen to Curt’s podcast here.
Be sure to ask Curt Lyman about the differences in risk between owning bond funds versus individual bonds by calling (866) 837-0999.
The “Money and Politics in Delaware” podcast is hosted by Rusty Giles, a friend and former colleague of Curt Lyman. You can listen to all the segments in the series here:
Sherry Jarrell, Professor, Fox School of Business at Temple University
Morris Capital Advisors, Joe Doyle, Partner
Curtis Lyman, CEO and CIO of Alpha Beta Gamma Wealth Management in Palm Beach Gardens, Florida
Danny Rochford, President at Maritime Exchange for the Delaware River and Bay