We will be closed on Memorial Day, Monday, May 25, to remember and honor our fallen heroes.
Be financially ready for hurricane season. Access funds when you need them with a Home Equity Line of Credit (HELOC). Loans subject to credit approval. NMLS #406389
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In a compelling article by BlackRock, they make an argument that even though we are facing higher than normal inflation and turmoil, that fear is driving investors to hold too much cash.
This is evidenced by the chart below, which shows the levels in cash spiked during COVID and has not returned.
Our view is that in the long run, holding too much cash can be just as speculative as holding too little. This is because cash has a negative return after inflation and opportunities for growth in other investments are missed.
Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.
Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.