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As we help clients make long-term financial decisions, we also like to consider the probability of various negative outcomes.  While we consider ourselves generally optimistic people, we believe that it is both important and helpful to also think about "worst case scenarios” - those financial uncertainties that have the potential to derail financial goals. 

In our office, we talk quite a bit about risk.   Financial risk, and more importantly, identifying strategies to help our clients mitigate or manage those risks is a very real and important component of the financial planning process. Generally, our discussions regarding risk focus on helping clients structure their portfolio to reflect their risk profile.   Or, making sure clients have adequate insurance protection.   However, it is much more difficult to protect clients from headline risk.

Is there another crisis looming?  We have been getting this question quite a bit recently from clients, as well as from other professionals in our network. This is a good question.  After all, many things can go wrong.

During the third quarter, equity markets recouped much of the losses incurred in the second quarter.   In fact, the Dow and the S&P 500 indexes advanced by more than 11% between July and September!