Hopefully you have had a chance to read the post from last week entitled CNBC Says The Sky Is Falling, Again – What Are 7 Things A Wholesaler Should Do?
And that was written BEFORE the S&P downgrade.
If you are like many wholesalers, today you are looking for talking points that will assist you in crafting the message I spoke of in the post linked above.
Here are some places to look today:
Portfolio.com wrote Ratings Agencies Explain Themselves.
MarketWatch ran Don’t panic: Why S&P’s downgrade means nothing.
Horsesmouth.com (subscription required) had a good piece called: Key Downgrade Talking Points to Use With Clients.
If you need a refresher on S&P rating and their definitions visit the S&P site.
On Saturday Barron’s ran Investors Still Rate U.S. Triple A.
The NY Times has an updated article on ratings agencies and their frequently contentious role in other financial upheavals.
Courtesy of Wikipedia here’s a long list of credit agency criticisms.
From Insurance and Financial Advisors comes Investments of insurers ‘unaffected’ by S&P’s U.S. ratings downgrade
Plus: Be sure to check the news feed right here at Wholesaler Masterminds for the latest stories in four different categories.
Whatever you chose to read, be it from your firm or from 3rd party sources, keep this in mind: Just as you are searching for the right story to tell so are your advisors – and they need your help.
Mrs. Farquart and her concerns about the $100,000 she invested in the Foonman All Cap Multi Sector International Growth and Value Fund need to be properly addressed by her advisor and there’s a great chance that the advisor needs help – and that’s where you come in.
It’s in these rockiest of periods that wholesalers can cement relationships that pay dividends for years to come.
You need all the information you can get to keep you on the top of your wholesaler game. That means you should add I Carry The Bag to your reading library as well. Whether it’s the print, digital, or online versions, it is the official magazine of wholesaling. Subscribe today.