Baltimore, Maryland - A.G. Campbell Advisory LLC, a wealth management firm with offices in Baltimore, MD, and Naples, FL, was recognized today as one of the top financial advisors in Baltimore, MD by Expertise.com. Expertise.com is an online platform that helps people...
Everything was really feeling like the time of “Summer Lovin’,” and then China began the disruption of U.S. and global markets. They are not totally responsible, but they certainly were the catalyst. Basically, in September, there were 4 or 5 events that occurred that set us on a “correction.” First, as mentioned, the China Evergrande, the biggest real estate developer in China, burns a lot of cash as they develop properties. During this month, Evergrande reached their limit.
A friend of mine used this expression in a conversation with me yesterday, and I realized it captured a lot about 2020. It not only correctly characterizes the sentiments behind the locomotion of 2020’s stock market volatility, but also it identifies the country’s political climate of this past year.
My mother used to say, “if you don’t have anything nice to say, don’t say anything at all.” Alternatively, we do think we have nice things to report about our management in the 3rd quarter of 2020 and what we think are positive times ahead.
Before we delve into the 2nd Quarter review, we are pleased to announce that we have recently expanded our practice to include Betsy Brennen, CFP®. Betsy is a former colleague from Alex. Brown & Sons, and she has been a good friend to A.G. Campbell Advisory for many years.
Turn off the television. Check in less often. We are minding the store, and no one has ever made any money by taking drastic action in these crises. Most of our clients have 3 to 5 years before they need every penny of savings. The financial markets should be well on the way to recovery by this time.