We do not claim to have any idea how far this outbreak will spread, nor how many lives it will claim, before it is brought under control. We’re reasonably certain that many of the world’s leading virologists and epidemiologists are working on it, and we believe their efforts will ultimately succeed. If the history of similar outbreaks in the recent past is any guide, this seems to be a reasonable hypothesis.
Since there are too few people exclaiming about the wonderful results in stock market accounts, I will continue. 2019 provided returns for many equity investors of at least 20%. The significant fact behind all of this is that the stock market has records going back to the late 1800’s and every time one looks at long term results from however one wants to identify “long term”, the results are excellent – especially in comparison to bonds.
Observing reports on the stock market is like watching a phony boxing match where the punches do not actually land on the other boxer. The media declares WORRY and the market reacts. In a day or two, the market bounces back and frequently sets a new high. However, the media does not care about rising markets, low unemployment rates, increasing earnings or low interest rates. Instead they warn you “The sky is going to fall!!”
A week or so ago, the markets were bouncing along at all time highs and the media was warning us of problems. “The market is over-valued”, “The market is too high.” Sure enough, the market dropped significantly one day but climbed back in the following days. This has been repeated many times over the market’s history. “The market climbs a wall of worry.”
Carson Bieber is Googins Advisors’ new full-time employee. He graduated from the UW Madison in May 2019 with a degree in Personal Finance and Financial Planning. As an intern here since late 2017, we asked him to join us.
April 2019 We just witnessed history as the S&P500 and the NASDAQ reached record highs on Tuesday, April 23. One… Read more »
January 2019 We are currently sending consolidated statements showing the market value of your accounts on the last trading day… Read more »
November 2018 “THE REAL Long Term Risk in Equities is NOT OWNING THEM.” -Nick Murray, Simple Wealth, Inevitable Wealth, c 1999.… Read more »
August 2, 2018 “The economy is booming” – so say the President and Vice President of the United States.” GDP… Read more »
May 4, 2018 Do you remember the 1980’s? I do. How about the 1970’s and stagflation? …nothing we could do… Read more »
June 25, 2024
June 20, 2024 Googins Advisors Inc. June Newsletter Three Seasons for Us! January through May, June through August, September through… Read more »
April 30, 2024
Greetings! Five year stock averages as of last Thursday, March 28th, were 11.48%, 15.17%, 21.06%, 15.91%, 13.36%, 12.20 and so… Read more »
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