MPowered Finance Newsletter: September 2022

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To My Readers, Market volatility is something we cannot escape, especially in the short term. Because of this, we must remember not to invest for near-term prices, but for the long-term value in the companies that drive our economy and the world. If you are feeling uncertain about the markets, remember this quote from author Morgan Housel: “During the last 100 years, there have been more 10% market pullbacks than Christmases. Everyone knows Christmas will come; think of market volatility the same way.” As always, if you have any questions or concerns, we are here to help. Thank you,  Sid Misra, CFP® Beacon Financial Group

 

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By The Numbers

Existing home sales fell 5.9% in July, the sixth consecutive month of decline as higher interest rates weigh on housing affordability and prospective buyers.


However, homes do not stay on the market long. Over the last two months, homes were on the market for an average of only 14 days, three days shorter than a year ago.


LPL Research August 2022

 

Get Off The Sideline

For those fully invested, the average return of the S&P 500 between January 1, 2002, and December 31, 2021, was approximately 9.5%.


Those who missed the 10 best market days during that period saw average returns of only 5.3%.


What about missing the best 20 days? The return drops to 2.5%.

Being out of the market can be costly and can strain the financial plan reliant on your investments. If you are having trouble getting back into the market or just general concerns about market volatility, please reach out. I'd be happy to have a conversation.

 

The opinions voiced in this material are for general information only and are not intended to provide specific advice financial or tax recommendations for any individual.


All performance referenced is historical and is no guarantee of future results.


All indices are unmanaged and may not be invested into directly.