Financial graphWhen we go to the pump to fill our cars we notice that the price of gas goes up or down every day or may stay the same for a period of time. This is based on supply and demand including the price of a barrel of crude oil and world events.

The stock market also fluctuates daily from Monday to Friday and the resulting numbers are called indexes. The indexes most of us are familiar with are the Dow Jones Industrial Average (DJIA), Nasdaq, and Standard & Poor’s (S&P). These report the ups and downs based on stocks from certain sectors.

Like the price of  gasoline number of factors affect the market. The news from different companies about their financial plans and health impacts that company’s stock price. These indexes reflect the combination of all the stock prices in that segment.

National and international news and politics also impact the market. If the price of oil goes up, if there is news about the trade wars or tariffs the market reacts. The market also adjusts with banking news or new employment figures. There are many factors that influence the day’s final numbers.

Since most of us are too busy to follow all the ups and downs, a long-term financial plan is the best way to invest. This is where a Certified Financial Planner (CFP) can help. These individuals look at trends and help their clients make wise investments, move money from one stock or fund to another and keep watch over trends in the market on a daily basis. They can help with short-terms investments as well.

Les Merritt, CFP and CPA, can offer valuable advice.  Contact him and his staff at (919) 269-8553 to discuss how he can help you with your financial plans. Then, next time you fill up and see the price of gas, be happy someone is watching those fluctuation factors. Feel secure in your market plan. Be assured Les is looking out for your best interests.

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