If We Can Make It through October

Merle Haggard had a country hit “if we can make it through December, everything’s going to be alright.” This is how I feel about the shenanigans that our elected officials are causing right now. October is always a frightening month for investors, but we have been here before and I believe it is a buying opportunity for the long term.

We are monitoring these markets very closely and will adjust to whatever these events present us with. My personal feelings are this is going to be a non-event for a market perspective. I don’t predict the markets; I just observe them.

I am working on the completed rough draft on my new book “40 Years of Investor Mistakes” and will meet with the publisher at the end of October. Hopefully it will be ready by Christmas and we will have some book signing events.

There will be an abundance of political theater this weekend. My advice is don’t put too much credence in what the talking heads are saying. There will be some sort of resolution because neither party gains on an adverse action. I will have more thoughts on this subject Monday but like Shakespeare “much ado about nothing.”




About billriley

Chief Executive Officer, Chief Compliance Officer A co-founder and shareholder, William Riley is a 33 year industry veteran, who observed, many years ago, that over time institutional investors typically outperform individual investors while accepting less risk. In his role as Chief Executive Officer, Bill works tirelessly to make the wealth management strategies used by the world’s wealthiest families and largest institutions available to our firm’s individual clients. Bill combines fundamental and technical analysis to minimize investment portfolio risk and maximize potential returns. He uses a variety of non-correlated asset classes, including alternative investments, to minimize portfolio volatility and seek absolute returns in down or flat markets. Finally, Bill believes in a comprehensive approach to wealth management that fully coordinates and seamlessly integrates portfolio management, risk management and asset protection, trust, estate, tax and charitable planning. Prior to co-founding Riley Wealth Management ,LLC, Bill held management positions at Merrill Lynch, UBS, Raymond James, Paine Webber and J.C. Bradford. Bill founded Fort Worth branches for Raymond James and J.C. Bradford. Prior to entering the financial services industry, Bill ran his families closely held businesses. Bill’s experience operating family businesses combined with his wealth management experience makes him uniquely qualified to advise entrepreneurs and business owners on a variety of matters including complex and sensitive issues relating to business succession. Bill’s degrees and designations included a Masters Degree in Business Administration (MBA), the Chartered Financial Consultant designation (ChFC), the Chartered Life Underwriter designation (CLU) and the Wealth Management Specialist designation (WMS). A Fort Worth native, Bill is a TCU alum and active in many civic and charitable organizations. Bill and his wife, Marsha, now reside in Colleyville, and they have four grown children and four grandchildren. When he is not working on portfolios or studying financial markets, Bill can be found on the golf courses of Ridglea Country Club.
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