End of December 2018 – Market Update

Click the video to watch David Reyes, The Retirement Architect share the latest in the market and how the year is ending for 2018!

Hi, David Reyes here. I thought it was a good time to give you another update on the markets since we’ve had such turmoil in this last week, and actually last month. Actually the market is down over 10% in the month of December, which makes it the worst December except for 1932 during the Great Depression, and that is serious.

The market is down from peak to trough from around September to today down about 14%. The German Dax is down over 20%. You got China down over 35% from peak to trough. So, the markets are really not doing very well right now.

What is happening here, just this last week, is we had the Federal Reserve in the FOMC Meeting where they actually talked about interest rates. They raised interest rates by 25 basis points. They also guided that in 2019 they would raise rates two more times. And so we’ve had increasing interest rates since 2016 when the Federal Reserve first started raising rates.

And the Federal Reserve is always a problem when you deal markets. When rates go up, typically, markets go down. It’s just the way it is historically. What I want to let you know, as much turmoil and problems we have had in the stock market, you, as my clients have had very little volatility, done really well with your allocations and the things that we do and why you hired us to protect your greater capital.

We want to reassure that everything is great, but I felt like it was time to give you a market update. Take care, Happy Holidays.

Reyes Financial Architecture2019-05-15T23:10:54+08:00

Julie Reyes

Chief Financial Officer, Chief Compliance Officer

Julie Reyes is Chief Financial Officer and Chief Compliance Officer with Reyes Financial Architecture, Inc., a Registered Investment Advisory Firm specializing in portfolio risk management strategies, retirement income distribution and generational wealth planning. Julie is a Certified Public Accountant (Inactive) and a California Real Estate Broker. She also holds multiple licenses in the insurance and financial services fields. Julie graduated from Pennsylvania State University, with distinguished honors in 1997 and began her career with Price Waterhouse, LLP that year specializing in tax and audit. She became a California Real Estate Broker in 2002. Julie has worked with David and Reyes Financial Architecture since the company’s inception, and uses her financial background and expertise to help a wide range of clients protect their assets, minimize their tax liabilities and maximize their cash flow.

David Reyes

David Reyes is the Founder of Reyes Financial Architecture, Inc., a Registered Investment Advisory Firm specializing in portfolio risk managed strategies, retirement income distribution planning and social security planning. David works in collaboration with CPA’s, attorneys and other money managers to ensure that all planning is not only implemented but also integrated. This collaborative team approach seeks to ensure the highest probability of success.

David has been an advisor for over 20 years and holds multiple licenses and registrations in the financial, real estate, and insurance fields. David is featured in many magazines such as “Kiplinger Personal Finance Magazine,” “Boomer Market Advisor,” and is co-author of four books on estate and retirement planning. David’s latest book “The Little Red Book of Retirement” has recently been released. Currently David is working on a new book entitled, “Momma’s Secret Recipe to a Successful Retirement” with Jack Canfield. David advises many professional and public groups including CPA’s and Attorneys on retirement, taxes, estate planning, and asset protection. David is also the host of “The Retirement Architect Radio” heard every Saturday on 1210 AM KPRZ.

David is a distinguished graduate from UCLA’s Personal Financial Planning program and is a graduate of e Wharton Business School in their Retirement Income Planning Certification program. David has also been named 2015 Advisor of the Year by the National Social Security Association (NSSA) for his advocacy to educate retirees on maximizing their retirement income.

David and Julie have been blessed with three wonderful children, Morgan, Taylor and young David Reyes, III. David’s hobbies include Tennis, Church fellowship and spending time with his family.