As with all things, patience is the name of the game in the long run. Below are three notes about today.
On a side note, the year to date loss on the S&P is 10%, which seems like a large decline especially since last year was the second calmest stock market going back to 1927. However, a 10%+ drop is common and has occurred 19 out of the last 31 years. A 10% or less drop pretty much happen every year.
Finally, even with this decline, the one year return on the S&P is still a strong 9% and an incredible 53% over the last three years.
Feel free to call me or your portfolio manager if you would like to talk further.
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Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.
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.