At Client 1st Advisors, our commitment is to help you achieve your life’s goals. Since 2001, we have focused on helping our clients’ dreams come true. We are not just advisors or managers…we are partners and, oftentimes, we become good friends, with our clients, probing for issues and conversing about life’s obstacles and rewards. Our goal is to enable our clients to live a satisfying and worry-free life.

Our commitment is not just to our clients, but the communities in which we reside and work. We are actively involved in non-profits, serving as officers on boards in organizations that support a number of causes, which are close to our hearts.

Because we consider our clients like family members, we limit the number of people with whom we work. We look for like-minded individuals whose goals are aligned with ours, both personally and professionally. Please call us to begin an exploratory conversation about your dreams.

By Craig Phillips, CFP, AIF^®

May 18, 2012

The nation of Greece has a current population of 11.3 million people, which is just slightly fewer than the number of people who reside in the state of Ohio–roughly .165% of the global population.  Its economy (measured by GDP) is roughly .478% of the world’s total, falling somewhere on the global list behind Colombia, Iran, the United Arab Emirates, and one rung ahead of Malaysia.

Yet for some reason, we are not receiving daily reports about the economic situation in Columbia, the United Arab Emirates, or, really, any other country on a daily basis.  What happens at the teller windows of banks in Singapore, Turkey or Sweden are not widely reported in the global press, and they do not drive the performance of U.S. stocks on a daily basis.

So you would be justified in wondering why global stocks have been falling on news that (as reported virtually every you look) Greek citizens took 1.2 billion euros out of their banking system during a two-day period, at times causing those banks to run out of cash on hand before noon.  And, of course, the answer is that we are all spooked when somebody panics in our midst.  The lines at Greek teller windows have scared (this is a complex economic term) the bejeebers out of investors who imagine that the Greek banks are insolvent.

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