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Michael Tannery
Works at Tannery & Company Wealth Management
Attended Southern Methodist University
Lives in Richardson TX
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Michael Tannery

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4 Things You Shouldn't Do Right Now
 
U.S. stocks ended a defensive week in the red as investor sentiment deteriorated in the face of fresh worries out of China. For the week, the S&P 500 fell 5.77%, the Dow lost 5.82%, and the NASDAQ slid 6.78%.[i]

When markets take a dive, it’s natural to worry about what’s happening and where markets will go next. However, part of being a stock investor is taking market swings in stride. Now is the time to stay cool-headed and focused on your long-term goals. On that note, here are 4 things that you definitely should not do after last week’s market pullback:

Don’t listen to the talking heads. The selloff is happening in the middle of a seven-year bull market. As of Friday, the S&P 500 has gone 1,418 calendar days without a 10%+ drop (between 10/3/11 and 8/21/15).[ii] Regardless of what the media is saying, the S&P 500 is down just 7.51% since its peak in mid-May.[iii] Markets experienced a similar selloff in September and October of last year. However, the talking heads have taken this widely anticipated pullback and made it sound like 2008 all over again. Remember – the media’s goals are not aligned with yours. They want to keep viewers glued to their televisions and newspapers, waiting for the sky to fall. Out in the real world, we’re taking a look at the numbers behind the selloff and making prudent adjustments where we feel it’s necessary.

Don’t panic and hit the eject button. Corrections are a normal part of market cycles. Since 1927, the S&P 500 has experienced pullbacks of 5% or more about every 3.5 months.[iv] While the past can’t predict the future, research shows that panicking and exiting the market is often the worst thing you can do when markets swing. Investors are notoriously terrible at picking market tops and bottoms; since periods of high growth often occur during turbulent times, investors who sell off and sit on the sidelines frequently miss out on the good days.

For example, an investor who stayed fully invested in the S&P 500 between 1995 and 2014 would have experienced a 9.8% annualized return. However, if they had traded in and out of the market, missing just the 10 best days of the market, their return would have plummeted to just 6.1%. Six of the 10 best days of the S&P 500 fell within two weeks of the 10 worst days.[v]

Don’t think like a day trader instead of an investor. Stock markets are driven by fear and greed. Right now, traders are in full-on fear mode and are selling off indiscriminately at any hint of bad news. Long-term investors are taking a look around and seeing what opportunities the pullback is offering.

Don’t get complacent. Pullbacks offer you the chance to ask yourself if you’re honestly prepared for a correction. If you have a prudent strategy and a well-diversified portfolio, then you’re better prepared for a potential correction. We don’t know whether the current selloff is a short-term blip that will reverse in a few days or the beginning of a deeper slide. However, domestic indicators are trending positively, and we believe that there is room for a resurgence.

We are keeping a very close eye on markets worldwide and will update you as needed during the evolving situation. While we can’t predict where markets will go in the next days and weeks, we focus on in helping clients manage their wealth in many market environments. 
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Michael Tannery

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Subjective risk questionnaires nearly always miss the mark.

TOGETHER we can take the guesswork out of your financial future

Three Simple Steps

 Pinpoint your Risk Number
Your sleep number for investing
 
Match investments with your individualized Risk Number

Project your retirement map

Get Your Number now!

http://www.tannerywealth.com/
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Michael Tannery

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What a great blog
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Know a student that is wondering where to go?
We hear from students and recent graduates on a daily basis who are struggling in their decision about where to go to school and what to study. Over the course of the last three years, LinkedIn has been
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Michael Tannery

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NEW on this week's Tannery & Company blog: Are you prepared for storm season???
Tannery & Company WE:Connect - Are you prepared for storm season?
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Michael Tannery

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Well, ladies and gentlemen, we finally have our Tannery & Company March Madness Bracket Challenge OFFICIAL champs! Here are the winners & their chosen charities:

1st place - James Warburton, winning a $500 donation to the Clayton Dabney Foundation.
2nd place - Jeff Hood, winning a $250 donation to the USMC Wounded Warrior Regiment.
3rd place - Clem Heick, winning a $100 donation to the Epilepsy Foundation of Colorado.

Congratulations to our winners for your stellar predictions, and a BIG thank you to all of our participants!
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Michael Tannery

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Technology - STOP TOUCHING ME
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Good Friday and the first evening of Passover 2015--The great religious celebrations of P assover and Easter will be even more special this y
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Where are you on these 5?
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Don't miss this week's Tannery & Company WE:Connect --- the Top 5 Lessons we Learned from Prom... and a few photos of our Tannery team members - talk about "Flashback Friday"!

http://www.tannerywealth.com/blog/bid/101393/Five-for-Friday-5-Lessons-Learned-from-Prom
Tannery & Company WE:Connect - In honor of prom & graduation, our "Top 5 Lessons Learned from Prom"
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In Romance and the Business of Life Part- 1, we discussed communication.  The first of three key concepts is that money and relationships work together:  This week, we are going to explore the second key concept: shared beliefs and values, and the third key concept: (click to read on & find out!)
Tannery & Company WE:Connect - Weekly Wealth Commentary
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On this week's blog, Tannery & Company brings you "Romance & the Business of life - Part 1" 

What two truths about romance and business can effect your relationships?? Read this week's WE:Connect to find out.
Tannery & Company: The truth about romance and the business of life
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Have him in circles
182 people
LeeAnn Mallory's profile photo
Genius money's profile photo
Russ Thornton's profile photo
Michael Smith's profile photo
Eric Hewing's profile photo
James Grogan's profile photo
Connor Steinbrook's profile photo
Lizzy Mallory's profile photo
Deborah Beaty's profile photo
Work
Occupation
Michael Tannery is a registered principal offering securities and advisory services through independent financial group LLC (IFG), a registered broker dealer and investment advisor. Member FINRA/SPIC License to sell securities in the following states:TX, OK, WI, MI, VA, FL
Employment
  • Tannery & Company Wealth Management
    Wealth Mangement, 2001 - present
    With a professional expertise spanning more than three decades, Michael A. Tannery, Co-Founder and CEO, brings in-depth understanding and successful practice in financial services and wealth management. Michael co-founded Tannery & Company Wealth Management with the mission to help people make informed financial decisions and unbiased investment choices leading to discovering their True Wealth. Michael Tannery is a registered principal offering securities and advisory services through independent financial group LLC (IFG), a registered broker dealer and investment advisor. Member FINRA/SPIC License to sell securities in the following states:TX, OK, WI, MI, VA, FL Third party information provided is from sources believed reliable however we cannot guarantee or represent that it is accurate or complete. Because situations vary, any information provided on the site is not intended to indicate suitability for any particular investor. Hyperlinks are provided as a courtesy. When you link to a third-party website you are leaving our site and assume total responsibility for your use at these sites.
  • Wachovia Securities
    Sr. Vice President – Financial Advisor, 1998 - 2001
  • Merrill Lynch
    Vice President - Financial Advisor, 1992 - 1998
  • Travis Wolff & Co
    Shareholder, 1991 - 1992
  • Pannell Kerr Forster
    Partner, 1989 - 1991
  • Tannery & Company
    Vice President, 1981 - 1989
Places
Map of the places this user has livedMap of the places this user has livedMap of the places this user has lived
Currently
Richardson TX
Previously
Dallas TX
Story
Tagline
CEO, Blogger, Speaker, 5 Star Wealth Advisor, Divorce Life Planning, Native Texan, and fitness junkie
Introduction

Michael Tannery’s passion for his work comes from “seeing people achieve what they never dared hope to accomplish” through sound wealth management strategies.  He is known for his intense loyalty to his clients. His burning desire is to create a legacy and a path of opportunity for those that follow.

In 2001, he co-founded Tannery & Company Wealth Management with his wife Tina, and serves as CEO. Prior to that, he held senior positions at Prudential Securities and Merrill Lynch.  Michael spent the early part of his career as a partner in Pannell Kerr Forster, a national CPA firm.

A graduate and athlete at SMU, he loves to follow Mustang sports. He remains passionate about fitness, and enjoys bicycle racing like his annual pilgrimage to the Hotter ‘N Hell 100-mile race in Wichita Falls.  Michael is a graduate of Leadership Richardson and is active at First Methodist Church of Richardson.
Bragging rights
In August of 2012, Michael was recognized in Texas Monthly magazine as a Five-Star Wealth Manager for the 3rd year in a row. For more information on the FIVE STAR Award and the research/selection methodology, go to www.fivestarprofessional.com. Less than 3% of all wealth managers earn this distinction.
Education
  • Southern Methodist University
    BBA, 1976 - 1981
Basic Information
Gender
Male
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Friends, Networking
Relationship
Married
Other names
Mike Tannery, Michael A Tannery
Michael Tannery's +1's are the things they like, agree with, or want to recommend.
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