Broker Check

March Madness – what does it mean to you?

March 02, 2017

Basketball lovers look forward to the tournament and college hoops.  Someone in our office, who shall remain nameless, has chosen Villanova, even though Duke is her team.  We’ll see.

The weather man has his share of March Madness, and we here in Northern California have our share of rain and snow. We may get out of this drought yet.  As I write this blog, the sun is shining and we are looking at highs in the 60s, a welcome relief to the rain (but I hear it may return this weekend).

The stock market overall is up with the S&P 500 up over 3% as of the end of February. There have been some down days and plenty of hand wringing over whether or not we have reached a new high.  This morning Snapchat (SNAP on the New York Stock Exchange) began trading.  They were talking about coming out at $14-$16, sold at $17 with 12X oversubscribed (for each share offered there were 12 buyers), first traded at $24. Not bad for a company that hasn’t made a profit and doesn’t have one in sight.

To put everything in perspective, basketball is fun, weather happens (be prepared) and the stock market will go up and down.  Having a plan provides a benchmark from which to gauge your progress, and a plan should cover your risk management, the “what happens if…” question.  Give us a call if you are wondering about your financial future: 707.257.7281. When you set your appointment with Hannah you can talk basketball; if you have a question for Chris she is anxiously awaiting opening day for her Giants.  We’ll do everything we can to help your retirement be as sunny as it can be (we can even talk about umbrellas).

Happy spring!