Broker Check

Quarterly Newsletter- 01/01/19

January 1, 2019

Dear Client,

Last week, out of the blue, a man approached me while I was working on my house. He told he was a contractor working on flipping a home down the street and he had been chatting about the stock market drop with my neighbor. My neighbor suggested he come talk to me about his fear. The contractor told me he had been investing for the past 10 years in his 401k and he recently lost $18k of value. He wondered if he should sell everything and move to cash.  My first question to him was, “when are you planning to use this money?” He told me 15 years. Once I heard this, I told him to sit tight. I explained to him why the markets have been dropping. I told him for the past 10 years the Federal Reserve, currently headed by Jay Powell, has been throwing a party and spiking the punch bowl. Their easy monetary policy has kept interest rates artificially low and grown the country’s balance sheet to $4.5 trillion dollars. Now, the Federal Reserve is taking the punch bowl away by raising interest rates, removing $50 billion dollars off the balance sheet each month and seeing if the economy can continue to grow without going into recession. We shall see if it works.

To prepare for this change in Fed policy, we have moved to a more conservative allocation and built up larger cash positions for our retired clientele. For our actively working clients, like the contractor I recently met, we will continue sit tight and make strategic rebalances as opportunities present themselves.

As many of you know, my Dad, Jay, started this financial advisory business 30 years ago when he took over his dad’s accounting practice. Now, it is time for me to officially take over the business. As of December 31, 2018, Jay is officially retired. We all wish him the best in his future endeavors. 

Our amazing team has a combined experience of over 25 years. We look forward to continuing to work with you in the future. Thank you.


 Craig J. Rosenblatt, CPA

Financial Advisor

Insurance License #0E18620



Craig Rosenblatt, CPA - Lead Advisor 

Kerry Nelson – Investment Professional

Jessica Tufte, CRPC® - Registered Administrative Assistant

Natalie Medeiros – Administrative Assistant


The views stated in this piece are not necessarily the opinion of the Broker/Dealer and should not be construed directly or indirectly as an offer to buy or sell any securities. Due to Volatility within the markets mentioned, opinions are subject to change with notice. Information is based on sources believed to be reliable; however, their accuracy or completeness cannot be guaranteed. Past performance does not guarantee future results

All Investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful.