Aaron Schaefer

Jan 15 2016

Riding Out the Storm

The Economy and Market from Here...at Hills.

Markets correct. It happens all the time. Corrections of 10% happen on average once per year. The most recent 10% correction occurred due to fears surrounding slowing growth in China, falling prices for oil and other commodities, and concerns over geopolitical events in the Middle East and Korea. These macro-economic uncertainties are compounded by talking heads on business news channels focusing on the events hoping for increased ratings.

As an investor these times can be disconcerting. It is important not to panic, but rather, remember the plan you put in place with your financial advisor at Hills Bank, and stick to it. Together, you agreed on a strategic asset allocation designed to take advantage of the volatility in the market by trimming stocks when the markets are strong, and buying when markets are weak. This rebalancing will minimize your risk, and maximize your return over time. Adherence to a strategic plan and periodic rebalancing is the key to successful long-term investing.

If you wish to review your strategic asset allocation or talk to someone about your account please do not hesitate to contact a member of the Hills Bank Wealth Management group for an in-depth account review.

Some trust products and IRA contributions/balances are not a deposit, not FDIC insured, not insured by any federal government agency, not guaranteed by the bank, and may go down in value.
Aaron Schaefer

About Aaron Schaefer

Aaron Schaefer is Vice President, Trust Investment Officer at Hills Bank’s North Liberty location on Forevergreen Road. He has been at Hills Bank since 2004 and manages the investment area of the Trust and Wealth Management division. Aaron can be reached at aaron_schaefer@hillsbank.com.

This entry was posted in News and Events and tagged , . Bookmark the permalink.

Leave a Reply

Thanks for taking time to provide a comment or question! In order to keep your private information private and keep the conversation constructive, please keep the following guidelines in mind:

  • Please do not provide account specific details or personal information in your comments or questions. If you have account or service needs, please contact your Personal Banker at any Hills Bank location.
  • Comments will be reviewed and approved before appearing on our blog. Keep comments and questions relevant to the post you are responding to, and as always, keep comments respectful. Personal attacks, offensive language, or anything deemed inappropriate will not be approved to appear on our blog.
  • Under the Children’s Online Privacy Protection Act (COPPA), you must be 13 or older in order to comment on our blog posts.
  • Due to phishing - an identity theft method attempting to acquire personal information, we cannot accept links to other blogs in our comments.

Your email address will not be published. Required fields are marked *