Hello from SAS Financial Advisors, The SF Bay area is in week 3 of the shelter in place order implemented by its civic leaders along with those of six other counties in addition to the city of Berkeley. Last week was eventful. Coronavirus, the virus that leads to the disease COVID-19, is spreading and NYC has become the domestic epicenter of the outbreak. Diagnostic testing is increasing, but not as rapidly as necessary. Leadership is...
Here we are at week 3 and email update number 3 from SAS Advisors, LLC. The Covid-19 situation is getting worse as predicted, life rhythm changing for all of us, daily challenges, thinking about going to supermarket or just going out or even worse for those of whom are uncomfortable with technology figuring out how to order groceries online. Congress has introduced a Bill to infuse $2 trillion into our economy. The stimulus is divided...
Dear Clients, As this current health/financial crisis evolves, the rate of increased fear is head spinning. The pace of rapid decline and then what we call “dead-cat bounces” (sorry cats), increases anxiety and has a domino effect on selloffs. Will we have a V shaped recession and recovery or a U shape recession and recovery? No one really knows but we hope for a V shaped recovery because that might mean by the 4th quarter...
Dear Clients, We know how important responsible investment management is as part of financial planning. Our approach to investment management has been and will continue to be, the most conservative strategy that will meet your financial planning goals. Asset prices have appreciated significantly since the financial meltdown in 2008-09. Last year was a particularly good year for the stock market because of the federal reserve’s action in lowering the federal funds rate 3 times while...
Dear Clients, For those of you who have an account at TD Ameritrade Institutional, managed by SAS Financial Advisors, please read the message below. As you may have heard in the news, Charles Schwab and TD Ameritrade have reached an agreement for Schwab to acquire TD Ameritrade. The combined company will retain the Schwab name, and will reflect the best that each legacy firm has to offer, including leading wealth management and trading platforms. For...
