President
Shaheen & Associates, Inc.
Sterling Heights, Michigan, United States
"I work comprehensively with the wealth management programs of a small group of families and businesses, counseling them in prudent ways to grow, manage risk and distribute their wealth in a tax efficient manner."Wealth Management"Having covered my work history in the summary section, I would like to take you through some of the actual wealth management "Experience" I have had in assisting my clients through uncertainty. If anything is certain when it comes to investing and markets, it's that things will change and you must stay vigilant. I have helped assist many clients through the following:1980 - Ronald Reagan takes office as I begin my career with a recession and double digit % rates. (Good timing, eh?)1982 - Tight monetary policy causes full blown US recession. 1987 - "Black Monday" 10/19/1987 records the worst single day decline of the DOW of -22.6%. 1990 - Iraq invades Kuwait threatening world oil markets. 1991- Savings and Loan crisis1994- Fed raises % rates 7 times causing worst bond market in US history. 1997- Currency crisis in Asia1999- Y2k and the "end of the world"! (It didn't)!!2000 - the Tech Bubble bursts. (And splatters)!!2001- World Trade Center terrorist attacks on 9/11. 2003 - United States responds in Iraq2008- 09 Lehman bankruptcy, real estate bubble bursts and the financial crisis.2012- Sovereign Debt Crisis. 2013- North Korean Missile Threats and the Boston Marathon Bombing.2014- Obama-care in full swing. Republicans regain control of House & Senate.2015- Markets falter, volatility very high. Oil prices plummet. 2016- Election mania: Trump vs Clinton & I'm still assisting my clients!!2017- President TRUMP! Media is shocked, Markets move forward.2018- Political disharmony accelerates. Tariffs??2019- Markets get a turbo boost!2020- Coronavirus...Markets tank...Extreme volatility...Markets recover...Stay tuned! 2021- New year, new leadership, new Executive orders. More debt, more taxes, Buckle up!