With yesterdays continued
fall, all of this year’s gains were wiped out.
The S & P 500 year-to-date shows a -1.9%. Please remember that last year the S & P
500 posted a negative return of -2.12%. I
like to use the benchmark S & P 500 as this shows a broader view of the
stock market. What does this mean to
your business? Plenty!
Because the dollar grows
stronger in this environment, U.S. exports are more expensive, resulting in
reduced sales. This hurts the overall
economy and has a direct hit on your business. So what can business owners do? Here is a brief list.
1.
Do not sell now as you lock in your loses.
2.
Search for value
as now is a great time to buy low.
3.
Add investments
that provide guarantees. Yes there are
several out there.
4.
Add diversity
because as I stated before there are many sectors that show positive gains this
year.
5.
Do not look at a
short time frame.