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Subject: Reassuring Insights on Market Stability Following Silicon Valley Bank Flure
Dear Brynne,
The unfolding events of last week and the week, particularly the collapse of Silicon Valley Bank the second largest since 2008, have inevitably stirred up uncertnties among investors. As with any significant market news, this incident has indeed shaken markets profoundly.
Thankfully, regulators have swiftly moved to ensure depositor protection and stabilize financial institutions associated with SVB through an approved plan on Sunday. This contrasts markedly from the situation during the 2008 crisis where large banks were at risk, while today's focus is more on smaller and regional banks.
We're attaching a thoughtful commentary by Peter Costa, our esteemed member of Meridian Tucson Advisory Business Council, providing insights as both a seasoned Wall Street trader with over four decades in this field and former Governor of the New York Stock Exchange. His rational analysis offers valuable context to understand what has transpired and its potential implications on market dynamics.
Peter Costa's commentary highlights:
Market Reactions - He discusses the market's typical reactions following such events, emphasizing the importance of understanding the strength of each individual banking institution.
Strategic Advice - He outlines practical advice for investors to navigate through turbulent times without resorting to panic or rash decisions.
In reference to the situation:
Our financial sector exposure is minimal, ensuring we're not experiencing significant impact from today's market fluctuations.
The diversified and disciplined investing approach remns at the core of our management process. Limiting exposure to any single company stock or economic sector is crucial for a robust investment strategy.
Here are some key points Peter Costa shares:
Stay Calm - He encourages investors to trust their strategic planning based on individual risk tolerance, investment goals, and time horizon.
FDIC Protection - For those with deposits exceeding the FDIC-insured limit of $250K, he suggests reviewing banking options or consulting our firm for alternatives within your investment accounts.
Look for Opportunities - In times of market downturns, there are opportunities to acquire undervalued assets. Stay alert and consider opportunistic investments when appropriate.
Continuous Support - We're here should you have any questions, concerns, or need assistance reviewing your current holdings and allocations.
Should you require any further information or wish to discuss our investment strategies in detl, please do not hesitate to contact us.
Eml us!
Learn more about Peter Costalink_to_Peter_Costa_profile
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Office: 520.719.1433 Fax: 520.719.1436
5210 E. Williams Circle, Ste. 820, Tucson, AZ 85711
Advisory services offered through Meridian Wealth Management, LLC, a Registered Investment Advisor. Consultation with tax, legal, insurance, and investment professionals is recommed for tlored advice relevant to your specific situation.
that any opinions or views presented in this material are solely those of the Author and do not necessarily reflect those of Meridian Wealth Management, LLC or its employees. of any company, organization, or website implies orsement or pd advertising by our firm. As always, investing involves risk including loss of principal. The information is for general guidance only; no guarantees are made regarding future performance.
Best Regards,
N. Fernandez
Meridian Wealth Management
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