GOLDMARK FINANCIAL PLANNERS, LLC

We Are:

Wolfgang T. Sailler
Certified Financial Planner ™

Joseph D. Witt
Certified Financial Planner ™

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PO Box 5190
Salem, OR 97304-3060

Call or Write:
Office: (503) 375-0208
Home: (503) 587-9811
Fax: (503) 371-2615
wolfgang@goldmarkfp.com

Income Statistics and 'The American Dream'

September 17, 2013

The last five to six years have shaken many of us from a theretofore
pleasant existence and dreams of comfortable retirement into a state of
uncertainty and doubt about the financial future. Millions have lost
well-paying jobs and can't find equivalent work or pay. Nest eggs got cut in
half and if you lost your nerve by selling out in the darkest moments of the
markets, any recovery has passed you by. But not everybody was on the losing
side. Remember that when a fire sale is going on, somebody is buying. Those
buyers where mostly well-to do individuals with cash, buying beaten down
stocks and foreclosed houses. The market recovery led to 10% of the richest
households now owning 90% of the stock market. And while most people had
stagnant or even declining incomes over the last years, the top 1% had gains
of 95% since the official end of the recession in June 2009. This will
certainly give cause to calls for a little wealth sharing via taxation, but
the other conclusion to draw from these events is to act as those wealthy
households did: Don't sell when asset prices have fallen, buy instead.
(Numbers taken from articles on YAHOO!Finance's 'The Daily Ticker', Friday
Sept. 13, 2013)

Contact Us

(503) 375-0208
wolfgang@goldmarkfp.com

 

 

 

PO Box 5190
Salem, OR 97304-3060

 


 

Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.

Goldmark Financial Planners, LLC, is a Registered Investment Advisor Firm in the State of Oregon. Prior to any advisory work conducted outside Oregon, Goldmark Financial Planners, LLC, would become registered in that jurisdiction or qualify for an exemption or exclusion to the registration.

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