{"id":30686,"date":"2018-03-15T15:13:47","date_gmt":"2018-03-15T19:13:47","guid":{"rendered":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/?p=30686"},"modified":"2018-03-15T19:10:24","modified_gmt":"2018-03-15T23:10:24","slug":"despite-stock-market-fluctuation-assets-can-managed-economy-holding-steady","status":"publish","type":"post","link":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2018\/03\/despite-stock-market-fluctuation-assets-can-managed-economy-holding-steady\/","title":{"rendered":"Despite Stock Market Fluctuation, Assets Can Be Managed; Economy Is Holding Steady"},"content":{"rendered":"
\"\"
Bob Schermerhorn of Saratoga Financial Services in Saratoga Springs.
\u00a92018 Saratoga Photographer.com<\/figcaption><\/figure>\n

By Jill Nagy<\/p>\n

\u201cThe fundamentals of the economy are still very good and very strong,\u201d said Saratoga Springs financial advisor Stephen Kyne, a partner in Sterling Manor Financial in Saratoga Springs. <\/span><\/p>\n

Recent \u201ccorrections\u201d in the prices of stocks are not cause for worry, he said. However, \u201cthere are more moving parts\u201d than there used to be and it is important to work closely with an advisor.<\/span><\/p>\n

Bob Schermerhorn, of Saratoga Financial Services in Saratoga Springs, advised putting recent stock market declines into perspective. A 10 percent decline\u2014such as the early February decline in the Standard & Poor 500 stock index\u2014is actually quite normal, as 19 years of the last 38 have had a 10 percent correction. In fact, the average intra-year correction since 1980 is 13.7 percent.\u201d <\/span><\/p>\n

\u201cIt\u2019s different for everybody depending on their circumstances,\u201d he said.<\/span><\/p>\n

Kyne noted, \u201cIt used to be a lot more simple.\u201d<\/span><\/p>\n

<\/p>\n

With those caveats, Kyne feels that it still makes sense to invest in stock funds. \u201cIn general,\u201d he said, \u201cequity or stock assets will do better than bonds.\u201d <\/span><\/p>\n

He suggested considering Exchange Traded Funds, which are similar to mutual funds but, in general, more diversified and less expensive because they are not managed as closely. They have a further advantage in that they can be traded throughout the day; mutual funds trades are only made at 4:15 p.m.<\/span><\/p>\n

Even if a person thinks they missed the boat on Apple or Facebook, there are still technology stocks worth considering, according to Kyne. It depends on the area of technology, he said, \u201ca lot of tech areas are really exploding.\u201d <\/span><\/p>\n

Many of today\u2019s companies in the technology area have earnings and appropriate pricing, he noted, unlike many of the companies in the previous dot.com boom. He mentioned companies working on the \u201cinternet of things,\u201d artificial intelligence, self-driving cars, battery storage, and medical devices. \u201cThere is no area that will not be touched by technology.\u201d<\/span><\/p>\n

If, as is likely, interest rates continue to rise, \u201cpeople holding bond or mortgage mutual funds will see them lose value,\u201d he said. Still, \u201cthere\u2019s a reason to hold everything, depending on your circumstances.\u201d<\/span><\/p>\n

Municipal bonds, which provide tax-exempt interest, can be advantageous to investors in higher tax brackets, Kyne said, but he had a warning: \u201cBe sure you understand the credit ratings\u201d of the bonds in the fund you are considering. <\/span><\/p>\n

He noted that many investors were burned because their mutual funds held Puerto Rican bonds, which were prevalent and cheap. Now, Puerto Rico and its municipalities are having trouble paying their debts.<\/span><\/p>\n

Younger people with student loans to pay off or young families with home mortgage payments can also consider investing if they have good cash flow. If the student loan or mortgage carries a low interest rate, investing excess cash in assets providing income higher than those interest rates can make more sense than accelerating payments on the school or home loan, Kyne feels.<\/span><\/p>\n

Before investing in anything else, it is a \u201ctypical rule of thumb\u201d to keep a cash reserve large enough to cover three to six months of expenses, Kyne said. Some people\u2019s circumstances would require an even larger cash reserve.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

By Jill Nagy \u201cThe fundamentals of the economy are still very good and very strong,\u201d said Saratoga Springs financial advisor Stephen Kyne, a partner in Sterling Manor Financial in Saratoga Springs. Recent \u201ccorrections\u201d in the prices of stocks are not cause for worry, he said. However, \u201cthere are more moving parts\u201d than there used to […]<\/p>\n","protected":false},"author":89,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"yoast_head":"\r\nDespite Stock Market Fluctuation, Assets Can Be Managed; Economy Is Holding Steady - Glens Falls Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2018\/03\/despite-stock-market-fluctuation-assets-can-managed-economy-holding-steady\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Despite Stock Market Fluctuation, Assets Can Be Managed; Economy Is Holding Steady - Glens Falls Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"By Jill Nagy \u201cThe fundamentals of the economy are still very good and very strong,\u201d said Saratoga Springs financial advisor Stephen Kyne, a partner in Sterling Manor Financial in Saratoga Springs. 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