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Today’s Chart of the Day from OneDigital shows the return of the S&P 500 each calendar year since 1980 as well as the maximum drawdown during the year. They note, “Even though the average intra-year downturn was 14%, the index still ended the year positive more than 75% of the time with an average return of 11%.”
It's important to know that when the market is down, it can seem like an issue at the time, and someday it might turn out so, but 10-20% declines are generally normal, annual events. Remember what the great Warren Buffet said, "The stock market is a device for transferring money from the impatient to the patient.”
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.
