Silverman Strategies in the News: Statehouse Report

Andy Brack, esteemed publisher of the S.C. Statehouse Report, interviewed Josh as part of a larger article on how national trends are affecting the local economy:

Retirement plans whacked. Those hardest hit by the crisis are seniors who have a lot of their retirement income in the stock market, which has fallen significantly in the last two weeks. They’re feeling more pain because they don’t have as much time as, say, a guy who is 40, to wait for the market to right itself and for investments to recover.

Josh Silverman, a registered investment advisor with Silverman Strategies in Charleston, long has been preaching for people not to put all of their investment eggs in one basket like the stock market.

“A diverse investor has diverse assets that are non-correlated, which means they are not all tied to stock market,” Silverman said. “Things like gold, oil, currencies and commodities - - these are things that have nothing that do with the stock market and historically do very well when the stock market is volatile.”

Read the full article at the S.C. Statehouse Report website.