In conversations with clients, friends and from our own personal experience, the scammers are continuing the email phishing scams along with moving to the telephone and calling us directly. If you are ever contacted and threatened to be arrested or jailed or an attempt at exploitation is made, just hang up!
~ TEN YEARS LATER ~
Forgive me for the drama – but as an financial advisor, I recallSept, 2008 very clearly and during that time and the following year we were in a period few investors and advisors ever experience. It was, in a single word, terrifying. Now, 10 years later, it’s additional proof. Proof markets recover, proof that faith in the market is appropriate.
- Over the last 10 years US public companies bought back nearly $4Trillion of their own stock while investors in equity funds and ETF’s purchased less than $100billion. Do these businesses know something about the value of their stock that investors do not? (source Haver Analytics and Citi Research)
- US worker productivity is up 10% from pre-recession levels
- US Corporate profits are up 50% from pre-recession levels.
- US household total liabilities divided by total assets has decline more than 25% since early 2009
- US real per capita net worth has exceeded the 2006 peak – which confirms a broad based increase in wealth