Chart of the Day: Chart of the Doomsday
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Today’s Chart of the Day from JP Morgan shared by @StevenKelly49 on X shows the results of popular economists who predicted “Doomsday” scenarios and the return of selling stock and buying bonds at their suggestion. Yes, they are interesting to listen to (as opposed to me saying “just buy good stuff and hold forever,” which would not sell ads in between TV segments), and sadly yes, they may eventually be right, but so far, even after the COVID decline, it didn’t save them.
There is an old saying by American financial journalist Jason Zweig’s father about financial advisors that goes, “There are three ways to make a living:
Samuel serves as Senior Vice President, Chief Investment Officer for the Crews family of banks. He manages the individual investment holdings of his clients, including individuals, families, foundations, and institutions throughout the State of Florida. Samuel has been involved in banking since 1996 and has more than 20 years experience working in wealth management.
Investments are not a deposit or other obligation of, or guaranteed by, the bank, are not FDIC insured, not insured by any federal government agency, and are subject to investment risks, including possible loss of principal.