Investing in 2019 was fairly easy. The Standard & Poor’s 500 Index (S&P) returned nearly 28% for the year with only a few bumps along the way. Today, however, we're faced with a very different market. More and more uncertainties are seemingly hitting the headlines every day, from the global spread of COVID-19 and its potentially wide-spread economic impact, to a historically low Treasury note, and plummeting oil demand, resulting in a 13% drop in the S&P year-to-date, substantially wiping out gains from the past 12 months.
With the financial markets’ ups and downs over a short period, it’s easy to spot patterns and just as easy to create patterns, if you so choose. However, long-term returns have historically been very favorable to investors who stick to their investment strategies during times of volatility and avoid the temptation of attempting to time the market.
You may be fearful today, with equities crashing and the 10-year note at historic lows. COVID-19 may be new, but market shocks are not. They don't have to be something of which to be fearful. Reach out to one of our retirement-focused advisors today to talk about your specific situation.
Featured Video
Articles you may find interesting:
- 8 Tenets of Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Section 303 Stock Redemption Buy-Sell Agreement
- Medicare Open Enrollment Is Here: How Are Costs Changing for 2023?
- 2022 High Net Worth Tax Planning
- Policy Roadmap
- Section 179 Deductions
- Learn About the Path to Retirement
- Contemplating Change: 7 Key Factors When Considering a Transition from Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Advice for Retirees Trying to Survive a Bear Market
- 5 Most Important Things to do Before Leaving Your Company
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- 6 Retirement Myths Employees Need to Know!
- 8 Tenets of Choosing a Mutual Fund
- Use of Escrow Accounts: Divorce
- Section 303 Stock Redemption Buy-Sell Agreement
- Medicare Open Enrollment Is Here: How Are Costs Changing for 2023?
- 2022 High Net Worth Tax Planning
- Policy Roadmap
- Section 179 Deductions
- Learn About the Path to Retirement
- Contemplating Change: 7 Key Factors When Considering a Transition from Your Company
- How Are Workers Impacted by Inflation & Rising Interest Rates?
- Lump-Sum vs Annuity and Rising Interest Rates
- Advice for Retirees Trying to Survive a Bear Market
- 5 Most Important Things to do Before Leaving Your Company
- Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)
- 6 Retirement Myths Employees Need to Know!