It sees like it was yesterday but on March 9, 2009, the S&P 500 hit its low of 666. That was more than 3,400 days ago. It closed Friday, August 24 at 2874.69. Many investors got out of the market very near or right at the bottom and have never returned or have purchased products that provide some level of protection while not letting the investors fully participate in the broadest U.S. blue-chip index as it was quadrupling in terms of price. To this day, when I ask potential clients about their attitudes toward stocks and investing, it’s unanimous. Everyone expects a huge market drop of anywhere from a -30% to -50%.
Our tag line for Liberated Investor Advisors is “Helping people protect, build and enjoy their wealth”. Over the next few weeks, I’m going to spend some time developing the theory behind that statement and I’m going to start with why Jean & I settled on the name of our advisory firm and the URL for our web page. So, as they say in the media industry, don’t forget to tune in next week for another exciting episode of Doug Alden’s weekly newsletter.
I’m still in the process of updating our web page, www.theliberatedinvestor.com but you can still visit the current page where this newsletter and other interesting articles can be found. Of course, should you have any questions, don’t hesitate to get in touch with us, either by email, email@example.com or our office phone, 828.668.0665.
Last weekend, Jean & I traveled to Galax, Virginia and did some biking. While we had a very good time, starting last Tuesday, my back began to tell me that I really shouldn’t do 20+ miles at a time on a bike. So, the rest of the week was not so good. This time, I’m going to listen to my body and have a super week. Hope you do too.