Greetings to All Investors and Would Be Investors

Googins January Newsletter

January 18, 2024

Greetings to All Investors and Would Be Investors

The last three years are proof that the stock market is the place to keep and grow your money.  The volatility you saw, felt, or heard about is a repeat of previous years in the stock market. The value of the account has grown and it will grow again. You did not panic when the market dropped. Your account has moved as the market moved, and it has done well. You have seen it recover after short term panic reactions to problems and you will see that happen again and again.  Your accounts will grow more than they decline – again, in the long term.     

In the last three years, there have been two major panic bottoms: March, 2020 and October, 2022.  Do you remember them?  Maybe not, but the panic bottoms occurred and people left the stock market in droves.…….not our clients!  We are happy to say that many clients report they ignore the daily action of the stock market. 

What is the goal?  Purchasing power! Things become more expensive, count on it.  As we have stressed in past newsletters, stocks have outperformed bonds over time because they must. Always! The stocks are companies responsible for selling you the items you need or want. Bonds exist because stock creators thought they could borrow money and earn more through the stock after paying bond purchasers income.  As inflation causes prices to go up, the stock holder is rewarded.   

It is easy to believe the world is worse off but facts will tell you that is inaccurate. We are attaching a reasonable discussion called “Welcome to the Vibeconomy” and written by Robert Tracinski.  Find it at this link.  I think you will find it nonpolitical and worthy.

Our business is built upon your referrals.  We ask you to let people know you know us and that we would like to talk with them. We have helped clients increase their retirement by making better choices; 1% more can make a huge difference over the years.  People spread their investments into too many products thinking they are diversifying but they are frequently only increasing their cost. We can help people in many ways and we ask you to give us suggestions of people to reach or recommend us to them.

Sincerely yours,

Louise Googins, President, Investment Advisor

Michael Googins, Administrator

Kim Rankin, Accountant

Richard Martin, Investment Advisor

Lynne Goldsmith, Investment Advisor

Dayton Hoffmann, Associate