Welcome, we’re South Star Wealth Management, a financial organization in Victoria, Texas. We understand that individuals face unique challenges as they prepare for retirement. We can help take the mystery out of preparing for today and tomorrow. Whether your goal is preparing for retirement, college savings, or estate strategy, our personalized service focuses on your needs, wants, and financial goals and objectives. Our professionals have years of experience in financial services. We can help you address your needs of today and for many years to come. We look forward to working with you through all stages of your life.
ATTN: SOUTH STAR WEALTH MANAGEMENT CUSTOMERS
YOU ARE OUR TOP PRIORITY
EFFECTIVE APRIL 6, 2020
TO ENSURE THE SAFETY AND WELL BEING OF OUR EMPLOYEES AND CLIENTS DURING THE COVID-19 PANDEMIC, WE ARE IMPLEMENTING THE MANDATES SET FORTH BY GOVERNOR ABBOTT. WE ARE OPEN FOR BUSINESS BUT ARE CURRENTLY NOT TAKING WALK-IN TRAFFIC. PLEASE CALL US FOR ANY NEEDS OR TO SCHEDULE AN APPOINTMENT IF NECESSARY.
MELANIE WEISCHWILL: Office number 361-233-0081 Cell number 361-550-7675
Stacy Arnold: Office number 361-233-0080
CALEB STAUDT: Office number 361-233-0084 Cell number 512-825-2693
Marina Saldivar: Office number 361-233-0083
RODNEY HORELKA: Office number 361-233-0087 Cell number 361-655-7355
Karen Cole: Office number 361-233-0086
THOMAS MCNEILL: Office number 361-233-0089 Cell number 361-649-3481
WE ARE COMMITTED TO DELIVERING THE SERVICE YOU DESERVE. THANK YOU FOR UNDERSTANDING AND PLEASE KNOW WE APPRECIATE THE TRUST YOU HAVE PLACED IN US DURING SUCH UNPRECEDENTED TIMES.
To Our South Star Family,
As financial markets react to the global spread of the COVID-19 virus and anxiety levels increase, we want to provide perspective on the situation from Cetera® Investment Management to help you cut through the noise.
Investors are rightfully worried about the virus, as the global economy had already been rattled by the 2-year U.S.-China trade war, as well as the recent oil price war between Saudi Arabia and Russia. Social distancing is having a clear and direct impact on both the supply and demand sides of the global economy. Potential travel limits, factory closings, and school closures impact the supply side, and fewer trips to malls, restaurants, and sporting events impact the demand side and result in lower consumer spending. Sharp stock market drops also contribute to lower consumer demand as household wealth is impacted.
It is too early to tell how much lower stocks will go, or when the market selloff will end, but we do see signs for optimism. Areas of early virus impact, like China, have already started to return to normal. And the U.S. consumer, housing and services market were healthy before this pandemic began. Lower gas prices and the interest rate drop will provide further relief for U.S. consumers—as will any additional economic stimulus from Washington.
While we do not expect volatility to disappear in the short term, we advise you to remain focused on your long-term goals and ensure your investments are diversified to avoid having too much risk exposure to one asset class or security.
Your well-being is of foremost importance, and our team hopes you and your family are taking all necessary precautions to remain safe. We will continue to monitor the economic and market implications of the COVID-19 pandemic and send you updates as soon as they are available. If you would prefer to avoid a face to face meeting and travel during this situation, we stand ready to meet with you by teleconference. Don't hesitate to call us and discuss this option. We stand ready to help!
If you have any questions, please do not hesitate to contact the office.
Melanie, Rodney, Caleb, Thomas and Russell
South Star Wealth Management, LLC
A diversified portfolio does not assure a profit or protect against loss in a declining market.
Russell MarshallManaging DirectorSouth Star Wealth ManagementOne O’Connor Plaza101 W. Goodwin Ave, Suite 1050Victoria, Texas 77901Office: (361) 233-0088Mobile (361) 649-9976Main: (361) 233-0080
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