To My Readers,
A great lesson we all learned from the 3+ years since the onset of the COVID pandemic is that, in the short run, anything is possible.
- A hundred-year global-health crisis
- A 19% contraction in US GDP that began and ended in 3 months
- A 25% equity market decline over 10 months in 2022
- A 40-year explosion in inflation
But, in the long run, things are more predictable.
Since 1972, the S&P 500’s value has increased 30x. Its average annual compound rate of return, including dividends, was 10.2%. And this is despite having lost -50% three different times during that period!
Have an investment plan and stick to it throughout the ups and downs. Over the long run, you will be rewarded
Beacon Financial Group