The S&P 500 Index consists of 503 stocks. According to www.slickcharts.com/sp500, the top 3 currently make up 20% of the entire stock index (Microsoft, Apple, Nvidia). The top 5 comprise 25% of the index (+ Amazon and Meta Platforms). If history has taught investors anything it is that this [...]
Every investor has a personal financial objective, and for many, it requires growing (and occasionally preserving) their wealth. For the past couple months, I have been writing that I believe the US stock market is in the process of climbing a mountain and will eventually reach its peak. History suggests [...]
In last month’s update I referenced what happened to the Japanese stock market from 1971 to 1989. To refresh your memory, it took approximately 18 years for the index to rise from 2,000 to 39,000, but only 3 years to plunge from 39,000 to approximately 15,000. In other words, many [...]
Stock markets, like roller coasters, share some characteristics. For instance, the time during the rises typically far exceeds the time during the falls. Both experience high and low points throughout the ride. And regardless of whether they are rising or falling, they provoke an emotional reaction. Once again, I will [...]
This month’s update will run longer than normal, as I would like to share three stories that I believe help illustrate how hybrid investment strategies (a blend of passive and active management) can prove especially beneficial to investors during periods like the past two years. These stories include clients making [...]
