Smith barney commercial11/19/2023 ![]() ![]() Not only is it your first attempt at independent life free from parents’ oversight, but it’s also a completely new level of academic requirements and independent study many aren’t ready for.Īnd if you’re an overachiever or a perfectionist, keeping up with all the classes, assignments, extracurriculars, and side gigs will keep you up most nights. After all, college is an eye-opening experience for most students. © 2023 Raymond James & Associates, Inc.If you’re suddenly wondering, “Can someone do my paper for me?”, there’s likely a very good reason for that. ![]() Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users and/or members. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Links are being provided for information purposes only. Contact our office for information and availability. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Please note that not all of the investments and services mentioned are available in every state. Therefore, a response to a request for information may be delayed. Raymond James financial advisors may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Charts in this article are for illustration purposes only. The information has been obtained from sources considered to be reliable, but we not guarantee that the forgoing material is accurate or complete. Thanks as always and don’t hesitate to call with any questions or thoughts.ĭisclosure: Opinions expressed are those of the author but not necessarily those of Raymond James, and are subject to change without notice. So like the old ad says, investors “ do make money the old fashioned way, they earn it”. So based on history, we should expect pullbacks of 10% every 1.6 years, 20% every 4 years etc.Īnd avoiding these pullbacks was not the key to long term success. This last table is just the historical probabilities of different drawdowns since 1928. Obviously, these returns had to be earned by hanging in there during the intra-year drops highlighted in the chart above. The table below is interesting in that it allows you to see how the entire calendar year turned out. Five of the last ten years had double digit pullbacks, and that was a decade of above average performance. The next chart shows every calendar year since 1928 and what sort of drop an investor had to endure during that calendar year. Market drops are more like “dog bites man”- i.e. This table shows every 5% or greater drop since 2008 and the news to which the drops were attributed. Trade wars, inverted yields, Greek bankruptcy, Ebola, the fiscal cliff, European debt crisis, impeachments- the list goes on.īelow is a table that shows something that happens with a great degree of regularity- which is periodic stock market declines. ![]() But while each scary scenario is different, I thought a look back at some of the headlines and market reactions of the last ten years would be helpful. The market has moved quickly to reflect the reduced economic growth expectations. But a slowdown in many areas of the world’s economy is expected. The long term effects of the coronavirus are unknowable. It appears that we are in one of those periods now. They earn it by withstanding days, months and sometimes years when all the media and financial reports make them feel plain old stupid for holding onto stocks. Well, the higher returns that long term stock market performance offers is definitely earned by investors. The investment firm Smith Barney had a TV commercial in the 80s with the actor John Houseman that said “They make money the old fashioned way, they earn it.” ![]()
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