Market crash a year later

[0:00]" This is Lisa Meyer -- the WBZ newsroom we're talking with bill bastion of senior analyst at they state financial and his son Brad of financial planner. About the sorts of advice that they're giving to clients weathering the market over the last year and looking ahead toward the future --"

[0:15]" We spoke last a lot of people were seriously considering gaining market because suggesting that stunning four. On. Looking back over the last year would you say that that's been a minority view or a majority view a lot of people."

[0:31]" Simple answers minority. I probably 150 clients and they were four who just. Call me up says. Can't sleep -- get you know. And so -- their money so we got them out in the real difficulty is and this is a case in point you can't time market. Once wrote now -- sleeping that's all well and good but how we get back yet. Between march 7 and now the market's gone up 40%. And most of these people still have most of their assets outside the market has quintupled constantly saying this is what we think but. There's still afraid that mr. fortunately. They wrote it down. And they didn't -- backdrop as -- writer Erica you going to be in the game console. Short answer the question is most people their assets were structured portfolios was structured properly. There are positioned to -- don't the only issue was the psychological issue of wanting to throw up when you see -- statement coming every month but that -- Three -- four of them -- and get you know and we're we're painstakingly dealing with give -- Americans."

[1:39]" I know that there is a whole host of factors that went into the decline in the market in all the other. Economic gains which happened last year and I'm wondering. If from your standpoint. If if those things are no longer factors are are -- still things that people need to consider. Or you know is the coast pretty much clear for somebody who wants to invest."

[2:05]" We allocate portfolios three different categories depending on -- variables stocks bonds and alternative investments. Because the all clears sound has been signaled and went out in tune with that. For new portfolios with filling out the alternative investment segment with -- out most were investing the money as we get them from the start component. With dollar cost average which simply means putting so much in every month over the next year's vote taken in any -- The markets had a huge -- it's much here is lapses we blow things to be better we're not sure that that these prices are. That the fundamentals of the economy warrant what happens our markets were very. Careful reached -- point when it -- people more conservative as a result of this. Yes. That is and knee jerk reaction and as a mountain of evidence suggests that people do the wrong thing at the wrong time when things look great. And we're rolling along. That's when everybody gets in and that's when you ought to be getting out and conversely when things are looking that there are at least. As it did last -- Warren -- you do early if everybody just do more about what do we won't be pretty pretty well Warren Buffett says while it. Last October so the point is. Just when everything looks the worst. That's the time to invest and that's when people -- company op city. So he has knee jerk. They have been getting more conservative and they ought to be getting more aggressive steps track system. Schools do you think that. That's. Honest to god behavior change through it just simply a reaction to things that occurred it's human nature of work. And it's is that some people. Stocks going up they wanna write him. -- going down they want to get out but if you look at the fundamental. Values behind the company's -- this. That's not a sound the right there conclusions assists are up 20% I want some of that is that that's an attitude. Based on here in the media or clear sound system signaled. But -- nothing to do with the fundamental values companies and their buying and so. I think the answer questions is just a major human nature reaction and it's exactly the options is proven over decades and decades and decades data gathering. That's exactly the opposite when people aren't. Supposed to buy low sell are simply stated and so our solo and people getting --"

[4:43]" Do you think that. -- for the next several years if things go back up to the level they were. Or do you think that there's been some sort of basic readjustment. In the way the markets will function going forward."

[4:58]" Does the market has recovered from every beer market that we've ever suffered. The very essence of a free enterprise system is that their companies out there trying to. Operated or profit make money for their shareholders. -- the strong survive in the week. Fall by the wayside so that bottom line zone and use that the market reached an all an all time high of 14000. In artist of -- seven. -- at some point -- possible to determine will double by Eric. Most people are expecting inflation. Slow growth. So. Its partner to happen next year's open at some point. We will blow Barnett 14000."

[5:51]" Start moving on some of that in terms of the bare bones minimum what what you want to see come out there."

[7:49]" Do you think that -- has to be placed before I guess. Baseline confidence. Is is afterwards should be."

[7:59]" It'll go a long way to helping that and I think that you know -- one of the main things in order for the market to come back -- consumer confidence. You know savings rates drop right now and eventually that policies weren't nation of consumers. That's what since this trouble to -- People over consuming over leveraging. And we need to come back from that but eventually American people go back to spending again you know that spent six months spent a year an indication that in mind. Eventually people start going out to dinner dance are doing these things. But that will certainly go a long way to helping out people's confidence in terms of putting money back into the market and investing again. And we've seen a little bit of that already people you know people jump in as my father just stated you know on the market looks good people want to jump in. But overall fundamentally for a long term investor you know oh on -- helping people. Be more confident and investing in these companies."

[8:56]" What I want asking and this is pretty much my last question. In terms of the people that come in in the last year are are -- folks citizen what I've got this money. I don't retire at some point and I don't just want stake in the bank it -- basically looking. -- stocks looking -- bonds is."

[9:18]" A last resort."