Video Transcript:

Good afternoon everyone. Brent Chavez, Aequitas Equitas Investment Group. I just want to get a brief video out to you.

It’s about 2:30pm on Tuesday afternoon and there is some blood in the streets again with all of the indexes the S&P 500, Dow Jones, and the NASDAQ, all of them down 3%+ today. So, I just want to keep you informed as we go through this period of turbulence, as to what we’re doing and what we’re thinking.

We are positioned with most of you to have anywhere from 50-60% in cash. We have another 10% sitting in 7 to 10-year treasuries, a very defensive position, another 5% in TIP, that’s inflation protected securities, another short duration Treasury. And we have other defensive positions, such as utilities at 5% in your portfolios.

But we have been nibbling on some long positions. We feel this is the time to be brave to take some positions again on stocks or ETFs where we like the technicals and feel moving forward that we’re going to get rewarded for owning them.

We do have some “floor” pricing, as far as share pricing, that we will look execute if we get any type of violation through the floor prices that we have – we will sell and go to cash in that situation. But, at this time, we are only having 3-5% in any ETF or index on the long side in your portfolios.

Again, heavy cash position. We are positioned well and I want you to realize that we’re working hard here for you. There’s nothing for you to worry about. If you have any questions or concerns, feel free to give me a call here at the office.

But again, we’ll be looking for opportunities, not only to be defensive, but to be long in these markets as these opportunities open up to us. We are going to be looking at some support levels throughout the markets, the S&P, the Dow Jones and the NASDAQ, and if we get violations of these supports, we will go even more into cash and sit on the sidelines a little be longer.

That’s it for today. I hope you’re doing well. We will talk with all of you soon. Bye.