Terry Sawchuk on The Steve Gruber Show: Managing Risks in Q4 and Beyond

Nov 4, 2021 | In the News

The Steve Gruber Show turns to the best Detroit financial advisor

Any information discussed in this article is for educational purposes only. It is not meant to be any kind of recommendation or financial advice. The information contained in this video is intended for informational purposes only. Any opinions are those of Terry Sawchuk and not necessarily those of JW Cole Financial, Inc. or JW Cole Advisors, Inc.

Securities offered through J.W. Cole Financial, Inc. (JWC) Member FINRA/SIPC. Advisory services offered through J.W. Cole Advisors, Inc. (JWCA). Sawchuk Wealth and JWC/JWCA are unaffiliated entities.

 

Potentially higher tax rates, climbing oil prices, supply chain disruptions, labor shortages – the list of concerns for investors keeps growing longer even as the markets continue to climb higher. To help investors learn how they can manage these risks, the Steve Gruber Show once again turned to Terry Sawchuk, founder and chairman of Sawchuk Wealth, for insight.

“We have a dichotomy right now, because you have a stock market that keeps pushing higher and I think that is mainly because the momentum is there, corporate earnings have been really good for the third quarter,” says Sawchuk. “However, that’s ancient history. That’s already happened. That’s not what’s about to happen. As I look into the crystal ball going into next year, I see a number of things that are just concerning.”

According to Sawchuk, the number one risk currently plaguing investors is the rising price of gas. “I think we are going to get close to $5 per gallon for gas,” he explains. “Anytime we’ve done that, it has pushed the economy into a recession. I’m not saying we’re going to go into a recession, but I do think that we’re going to see a significant change.”

So what can investors do to prepare their portfolios? Sawchuk explains that Sawchuk Wealth employs two types of strategies to manage risks. One strategy utilizes an alogrithim that senses the health of the market and acts as a stop-loss concept when market downturns occur. Meanwhile, other strategies do not require timing but enable Sawchuk clients to participate in market growth while also offering down-side protection.

“I think that is the name of the game right now,” Sawchuk tells Gruber. “You have to have a strategy that allows you to continue to capture growth because the markets can be irrational a lot longer than people can remain solvent.”

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Click here to watch the entire segment.

 

Any information discussed in this article is for educational purposes only. It is not meant to be any kind of recommendation or financial advice. The information contained in this video is intended for informational purposes only. Any opinions are those of Terry Sawchuk and not necessarily those of JW Cole Financial, Inc. or JW Cole Advisors, Inc.

Securities offered through J.W. Cole Financial, Inc. (JWC) Member FINRA/SIPC. Advisory services offered through J.W. Cole Advisors, Inc. (JWCA). Sawchuk Wealth and JWC/JWCA are unaffiliated entities.