Chart of the Day: 14% Downturns
Be financially ready for hurricane season. Access funds when you need them with a Home Equity Line of Credit (HELOC). Loans subject to credit approval. NMLS #406389
FDIC-Insured - Backed by the full faith and credit of the U.S. Government
BankFind
This bank is insured by the Federal Deposit Insurance Corporation. The FDIC Certificate ID is 8021. Click on the Certificate ID # to confirm this bank's FDIC coverage using the FDIC's BankFind tool.
EDIE
EDIE lets consumers and bankers know, on a per-bank basis, how the insurance rules and limits apply to a depositor's accounts-what's insured and what portion (if any) exceeds coverage limits at that bank. Check your deposit insurance coverage >>
Today’s Chart of the Day from OneDigital shows the return of the S&P 500 each calendar year since 1980 as well as the maximum drawdown during the year. They note, “Even though the average intra-year downturn was 14%, the index still ended the year positive more than 75% of the time with an average return of 11%.”
It's important to know that when the market is down, it can seem like an issue at the time, and someday it might turn out so, but 10-20% declines are generally normal, annual events. Remember what the great Warren Buffet said, "The stock market is a device for transferring money from the impatient to the patient.”
Experienced professionals from our wealth management services team can help you achieve a bright financial future through investment strategies tailored to you. We’ll show you all of the options available and help you choose the ones best suited to you. We’ll provide high-quality, personal service as we work toward your goals together. Our Portfolio Managers do not receive commissions on trades; our recommendations of investments are based solely on your best interests.
Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.