2020: Out to Lunch or On the Right Track?
2020 was an unusual year to say the least.
However, there was some good that came as a result of this years events.....
• Spending more time with loved ones in your household
• Finding new or rediscovering old hobbies (who would have thought puzzles would be sold out in places)
• Lady Gaga released a new album
• Adopting and fostering pets are way up
• Queen Elizabeth got on Zoom
Every year I like to look back on the research I used to help make investment decisions for clients.
Was I out to lunch or on the right track?
Below is what I posted on Twitter for everyone to read throughout the year about where I saw opportunities and what to look for.
My three biggest takeaways that formed the basis for what I spoke to clients about were...
1. March 4th - "It can be easy for investors to get caught on the Emotional Rollercoaster if they don't have a plan for their portfolio."
My recommendation was not to sell in March.
2. June 12th - "Try taking a long term view of the markets. History shows the recent strength in the S&P 500 could continue. Near term declines are normal and expected."
Now in December here the S&P 500 has made new all-time highs showing it is important to have a core U.S. position.
3. November 25th - "Can't say I'm not guilty of this at times..."One of the frustrating things for people who miss the first rally in a bull market is that they wait for the big correction, and it never comes. The market just keeps climbing and climbing.” - Martin Zweig.
I started off by admitting I've missed out on rallies before hoping there was a pullback. However, we all learn from our mistakes and I really like this quote because if now you are thinking it isn't a good time to buy history actually shows the opposite.
Happy New Year!
January 29th, 2020
February 22, 2020
March 4, 2020
April 9, 2020
May 18, 2020
June 12, 2020
July 17, 2020
August 20, 2020
September 5, 2020
October 5, 2020
November 25, 2020
December 17, 2020