All is not “Lost”
2009 marked the end of a tumultuous decade for stocks, one labeled the “Lost Decade” by the Wall Street Journal and “The Decade from Hell” by Time magazine. Despite an astounding 68% rebound from the March 2009 lows, the S&P 500 Index still lost 9.1% for the 2000s – the worst calendar decade in market history. While it’s hard to argue with the headlines, a minority of individual investors (including our clients) actually found the decade to be a productive one.
Friday, January 29th, 2010
Final Predictions for 2009
At Truepoint, we recognize the folly of making short-term predictions related to the financial markets; we do, however, offer other predictions. One of these is the inevitable boast you will hear at a holiday gathering from a seemingly shrewd investor.
Monday, December 21st, 2009
The True Role of the Advisor
“At the end of an investor’s life, less than 5% of his total lifetime return will come from what his investments did versus other, similar investments. The other 95% will come from how the investor behaved. And the primary determinant of that behavior will be the quality of the advice he got, or didn’t get.”
