Market Summary
November 2014

October was a BIG DEAL!

And for many following the events of the month, it was absolutely gut wrenching at times.

First, October continued September's slide, but it was around the 3rd week of October that extreme volatility took hold. We saw all major US indexes move into negative territory for the year, with the S&P 5001 dropping a whopping 9.9%2 from peak to trough in a span of a couple weeks!

The Dow saw over 2/3rd's of it's trading days with swings of over 100 points. In just a couple of weeks, we saw more volatility than we've seen in almost 2 years.

Our Management Philosophy

Limit downside risk and provide clients a reasonable rate of return over a market cycle.

 

With over five decades of combined money management experience in South Texas, you can be sure that Walter and Anthony Reyna have seen it all. This father-son pair built and developed Walter J. Reyna Inc. on the importance of hard work and strategic planning and continue to implement these core values in their business today.

 

The Reynas believe that wealth accumulation and protection are the result of exceptional planning, not luck. Visit our website to learn more.

 

Walter J. Reyna, Inc.
5315 North McColl Road
McAllen, Texas 78504 
956.682.4196 

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Market Summary Continued

While scary, it was also a good reminder to the overall investor complacency that has set in that things don't always go smoothly and that markets can drop FAST once support has broken down.

Then, just as fast as things had slipped over a 4 week timeframe, the markets turned, recovering the losses from the first few weeks of October. A roller coaster ride it was! However, as always, we stayed focused and attentive throughout the month to make the best decisions for our clients.

And, while we lightened up some in the beginning of the month, we saw the confirmation of an uptrend in the markets late October, allowing us to take a larger equity position through the end of the year and hopefully into 2015. 

 

Visit our website to learn more.

 

For more information about your portfolio performance, please refer to your personalized statements or contact us. Regulatory restrictions prevent us from reporting personalized performance data in this newsletter. See below for important disclosures. 

Portfolio Insights
(1)The S&P 500 Index is representative of domestic markets and includes the average performance of 500 widely held common stocks.  Individuals cannot invest directly in any index and unlike investments; the S&P 500 Index does not incur management fees, charges, or expenses. (2) All Statistical information, investment category determinations, and economic data retrieved from www.bloomberg.com. Past performance is no guarantee of future results and all investment strategies involve the risk of financial loss. 

 

This publication is proprietary and limited to the sole use of Walter J. Reyna, Inc. clients.  Client portfolios are designed for the moderate investor but are actively managed on a monthly basis and may not follow traditional risk adjusted asset allocation models. Walter J. Reyna, Inc. maintains full discretion over said accounts and manages as deemed necessary. Clients with questions about the fees associated with their discretionary advisory account should refer to their advisory agreement. The information contained herein is for illustration purposes only. It is not necessarily complete, does not include client directed investments, and its accuracy is not guaranteed by Walter J. Reyna, Inc.  All clients should reference their periodic statements for accuracy. All clients needing additional information about holdings in the portfolio, including the objectives, risks, asset class and costs associated should refer to their respective prospectus. If you have received this communication in error, please notify us immediately by e-mail or telephone.  Neither the information, nor any opinion expressed constitutes a solicitation nor investment advice, for the purchase of any future security referred to in the Advisory Newsletter.  Investments offered through Registered Representatives of Lincoln Financial  Securities Corporation, member SIPC.  Lincoln Financial Securities Corporation and Walter J. Reyna, Inc. are not affiliated.  

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