What a year for the domestic stock markets. Twelve months ago, investors, 401(k) owners, and retirees were all dreading the balance on their respective investment statements. Today the stock markets are 15-30% higher. What are the takeaways from this rollercoaster of events?
One perspective I share in any market trends is that stock and mutual funds prices are rarely static; that is, prices are continually moving up and down. As difficult as 2022 was, we also knew that the markets would be open on January 3, 2023. Until you withdraw your entire account, you never stop investing. Establish a plan with your financial planner and stick to it every day. The daily repetition of your sound financial strategy is the most important aspect of investing.
What will 2024 bring? That's a great question, and no one has the answer. But I'm very confident in the American stock markets over 3, 5, and 20 years. Let's work together to accomplish your 2024 goals.