As we continue on into 2019, January has proven to be a very good month for the equity markets. We faced a long time in coming market correction during the 4th quarter of 2018. Again, a market correction is a drop of between 10% & 19.9% and it came very fast, especially in December. So, I thought the attached article written by Ken Fisher, a very respected name in the investment world, was worth sharing. Personally, I don’t make predictions, I’m just not that smart. Yes, there are plenty of naysayers out there but there are plenty of other people saying that 2019 is looking reasonably good.
I want to keep repeating what our portfolio managers are doing that is a totally unique and a one of a kind investment strategy. One factor is a built-in strategy for a yearly cash flow, in addition to dividends, interest and market returns. The portfolio values tend to go up more than just the market returns. Another ingredient included is that, in the event of a sudden and dramatic drop like 9/11, the portfolios are designed to recover most, if not all, the losses. The only drawback is that, if the markets trend down, these portfolios will underperform market returns as we saw in the 4th quarter of 2018. (There is no free lunch) And, please always remember there are no guarantees when it comes to investing in the equity markets and investing does have risks.
Every now and then, I try to add something that just may be of interest to know. Jean and I just came back from Colorado where our hotel room was at 8,800 feet and I actually got a little bit of altitude sickness. Growing lettuce at 13,000 feet just seems to be really out there. It also reflects on the creative genius of human beings. I hope you read this article just for the enjoyment of discovering something about a corner of the world most of us will never visit.
As always, should you wish to talk with or meet with me, just email or call. Now, let’s all make it a great week!