Retirement Resources President and Investment Advisor, Dave Boike, talks about investors who get spooked during the traditional stock market plunges that seem to be coordinated with Halloween and suggests how to stay even-keeled during the turmoil.

Auburn Hills, MI — October 26, 2018— Dave Boike, President of Retirement Resources and co-author of The Ultimate Success Guide with Brian Tracy published a new blog post on the company website entitled, “It’s Spooky October And, Of Course Stocks Are Falling,” in which Mr. Boike offers free stress tests along with portfolio evaluations.

Boike writes, “Kids and kids at heart look forward to Halloween and getting scared out of their wits.” He adds, “That’s just fun and games. But October is also typically a very scary month for investors.”

“So, are you scared yet?” Boike asks, adding, “It’s October, and once again the stock market is taking a plunge.”

According to Boike, “October has been one of the most frightening, horrendous months of the year for the stock market and those who invest in it.” He elaborates, “The first big drop came in 1907, followed by the big crash of 1929 on October 24^th. Then there was Black Monday on October 19,1987. Then a mini crash on October 13, 1989. Another in 1997, 2002 and 2007.” Boike points out, “And those are just the October events!”

“This year is no exception!” says Boike. “Earlier this week the Dow Jones fell more than 800 points. That’s the third biggest drop in its history. And yesterday, it plummeted another 500 points.” Again he asks, “Are you scared yet?”

Read the entire blog post at https://www.theretirementresource.org/single-post/2018/10/26/It%E2%80%99s-Spooky-October-And-Of-Course-Stocks-Are-Falling

About Dave Boike

Dave is a well-known financial educator, co-author of The Ultimate Success Guide with Brian Tracy, author of High Tide and contributing author of 21st Century Wealth.  For over 30 years, Dave has been teaching investors age 55+ how to preserve their assets, increase their income, and reduce income taxes. He is also scheduled to teach Retirement Planning Classes at Wayne State University and MSU Education Center.

For over 4 years, Dave was featured on NBC25 every weeknight at 6PM, discussing the daily market wrap-up. Many area retirees have used Dave’s advice to enjoy a financially independent retirement.

Dave is a Chartered Financial Consultant, a designation awarded only to the most experienced advisors who have completed a 10-course program of study, through the American College in Pennsylvania, focusing on Tax, Investment, Risk Management, Retirement and Estate Planning.  He is an approved Member of the International Association of Registered Financial Planners, the Society of Financial Service Professionals.  As a strong advocate of education, Dave recently spoke at The Michigan Association of CPA’s and is teaching a class at Oakland Community College.

Dave’s latest book, High Tide, A Practical Guide for Affluent Retirees to Protect, Profit and Prosper from the Coming Storm, talks specifically on the important challenges retirees are facing today and some new cutting edge solutions to address those challenges.  He teaches you in this easy to read book how to take the steps necessary to achieve your successful retirement.

Dave is Managing Member and Chief Compliance Officer of Retirement Resources, LLC, a Registered Investment Advisory Firm. Every year, since 2011, Retirement Resources has been awarded the 5 Star Wealth Manager of Michigan, which is only given to the top 7% of advisory firms.

 

 

This content is provided for informational and educational purposes only. The information, analysis and opinions expressed herein reflect our judgment as of the date of writing and are subject to change at any time without notice. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation. All investments carry a certain risk and there is no assurance that an investment will provide positive performance over any period of time. Information obtained from third party resources is believed to be reliable but not guaranteed. Past performance is not indicative of future results.

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