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Prepared by the Hardee Investment Group and RBC Wealth Management

FOCU$ on FINANCE

High Noon for Interest Rates

I

t was just a few weeks ago when Federal Reserve chairman Ben Bernanke said the Federal Reserve may start to “taper” their purchases of mortgages and Treasury Bonds. It was tantamount to yelling “FIRE!” in a movie theater. The entire student body of investors tried to rush out the door at the same time and with devastating consequences. Because the Federal Reserve has artificially held down interest rates for several years, the fear was and is that rates will skyrocket if the Federal Reserve stops its purchases. Therefore, interest rates have jumped more than 50% from their lows in six weeks, which is one of the biggest moves in a long, long time. The result is anything that is interest sensitive, such as bonds and bond funds, stocks like utilities, telecom, Master Limited Partnerships and Real Estate Investment Trusts have dropped in price very quickly, in some cases, 10% to 40%. Conventional 30-year home mortgages have moved from 3% to over 4%. Will it continue, and what do we do? History has shown us there is opportunity in every calamity. Effectively managing these crises is how we turn calamity into opportunity. Inter-

ested in how we do this? Why don’t you call us today at 713853-0879 or visit us online at www.HardeeInvestmentGroup. com to learn more about how we can help you and your family reach your financial dreams. This article is provided by H. H. Will Hardee, AWM, a Financial Advisor at RBC Wealth Management’s Houston Center office, and was prepared by or in cooperation with RBC Wealth Management. The information included in this article is not intended to be used as the primary basis for making investment decisions nor should it be construed as a recommendation to buy or sell any specific security. RBC Wealth Management does not endorse this organization or publication. Consult your investment professional for additional information and guidance. RBC Wealth Management does not provide tax or legal advice. RBC Wealth Management, a division of RBC Capital Markets LLC, Member NYSE/FINRA/SIPC.

Did You Know? Client service and continuity are extremely important to the Hardee Investment Group. Of the 33 years Teena has been in the industry, she has worked with Will Hardee for 30 years!!

Trust and Confidence If you are tired of second guessing your investment decisions, we can help. Since 1977, we have been providing families and business financial guidance that is always In The Client’s Best Interest.

Hardee Investment Group

Hardee Investment Group (713) 853-0879 • (800) 838-0757 www.hardeeinvestmentgroup.com

© 2012 RBC Wealth Management, a division of RBC Capital Markets, LLC, Member NYSE/FINRA/SIPC.

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fort bend

magazine • August 2013

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9/12/12 1:39 PM

August 2013 - Fort Bend Focus Magazine - People • Places • Happenings  

Fort Bend Focus Magazine is an award-winning publication that features People, Places and Happenings around Fort Bend and Katy areas.  Direc...

August 2013 - Fort Bend Focus Magazine - People • Places • Happenings  

Fort Bend Focus Magazine is an award-winning publication that features People, Places and Happenings around Fort Bend and Katy areas.  Direc...

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