2022 marks a milestone year for B.A. Schrock Financial Group as we celebrate our tenth year of being in business. A lot has changed in the past 10 years: We’ve had a few location changes, added more staff, and I’ve accumulated A LOT more gray hair! However, the core focus of our business has remained consistent. We want to help good people in our community save for retirement and retire comfortably. We’re so thankful to our clients and will always continue to give 110% to making their retirement goals a reality. Let’s look at where we’re headed in 2022.
As of the end of February 2022, the market was down close to 9 % YTD, and at one point was down over 12%. Overall, we still think the market will be positive for the year, but with lots of volatility thanks to the current unknowns of interest rates, the pandemic and geo-political issues. Interest rates will rise in 2022, we’ll likely see four .25 point rises, which is not a bad thing in a strong economy. Geo-political risks will continue to be an unknown but won’t have major global long-term effects to economies or the market.
Whatever challenges the next ten years bring us, we will face them and continue to serve our clients with the same level of dedication we’ve always demonstrated. As we hit the ten-year mark, we’re reminded that we’ve been afforded the opportunity to meet wonderful individuals like yourselves, and truly feel fortunate that you’ve chosen us as your financial advising firm. Without our clients we don’t have a business, so as we reflect on these past ten years, we want to say THANK YOU to all our great clients who have been so supportive of us and our mission. Cheers to the next ten years!!!
– Ben Schrock
Owner, Investment Advisor Representative and Insurance Professional