Do you remember what happened to the stock market on Christmas Eve? The Dow Jones Index (top US stocks) was down more than 600 points.....the worst Christmas Eve on record.
Do you recall what happened two days later, on Boxing Day? The Dow was up more than 1,000 points, its best single day point gain of all time. That must have been some turkey dinner!!
Does any of this matter any more? No.
It is comforting that stock markets have rallied so far in January. That helps take some of the sting off the market's miserable performance in December. But you must expect stock markets to remain volatile. Volatility in the stock market component of your portfolio is the burden you must bear if you expect to achieve attractive long term returns.
Sad to mark the passing of Jack Bogle, the father of low cost index fund investing. There are many great Bogle quotes.....I like this one: "Time is your friend; impulse is your enemy." RIP Mr. Bogle.
I hope to line up a webinar as well as a Reddit "Ask Me Anything" session in February . I will keep you apprised.
One final note. It is interesting to see RBC joining forces with iShares, Canada's dominant ETF brand, to create RBC iShares. This follows the recent launch of RBC InvestEase, RBC's entry into the fast growing robo-advisor space. It is great to see my former RBC colleagues building their lower cost, more efficient investment product offerings but, at the branch level, their advisors will continue to aggressively market their high cost mutual funds.
Please let me know if you have any questions or feedback. Just reply to this email.
Tune in for a guide to ETFs and investing strategies for potential long-term success. View in a browser Fidelity Fidelity Log in Creating a portfolio with ETFs: Why and how Creating a portfolio with ETFs: Why and how
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