Defending Against Volatility

Ekenna Anya Gafu, CFP®, AAMS®

by in Published on October 27, 2022

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Good evening everyone,

I’d like to share our investment team’s position as we enter this final quarter and provide guidance on what to expect over the next few months. As a reminder, we’ve been holding at least 20% cash across all of our accounts since January of this year. Now is the best time for all of us to be practicing what we often only discuss theoretically. Dollar-cost-averaging in this market is a very important habit that will lead to long-term success because as long as the fed keeps raising rates and inflation remains high, the market will keep cycling downish while it swings up and down.

Will's opinion is over the next 6-9 months is the best time for you to be adding to your account so that as soon as the Fed reverses course and starts lowering rates, you’ll be positioned to buy equities as the market sentiment turns positive. These next few months are also the best time to be saving for additional real estate acquisitions. With mortgage rates near 7%, sellers will be forced to start lowering rates and deals will start to show up over the next two quarters as sellers face liquidity needs.

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Bay Street Capital Holdings

Bay Street Capital Holdings is a Black-owned, independent investment advisory, wealth management, and financial planning firm headquartered in Palo Alto, CA. They manage portfolios with the goal of maintaining and increasing total assets and income with a high priority on managing total risk and volatility. Although many advisors may focus on maximizing returns, they place a higher priority on managing total risk and volatility.

Our founder, William Huston founded Bay Street after 13 years of supporting the United States' largest retirement plan ($650B) Thrift Savings Plan. He is recognized as Investopedia’s Top 100 Financial Advisors for 2022. In California, Bay Street Capital Holdings is the only Black-owned firm out of the twenty firms that received this recognition. In Scottsdale Arizona, Ekenna Anya-Gafu CFP, AAMS is recognized among the Best Financial Advisors for his responsiveness, friendliness, helpfulness, and detail. Bay Street was founded to advocate for diverse and emerging fund managers and entrepreneurs. In 2021, Bay Street was selected as a finalist out of over 900 firms across the US in the category of Asset Manager for Corporate Social Responsibility (CSR).

Ekenna Anya Gafu, CFP®, AAMS®
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