The first six months of the year have seen a continuation of what we saw for the prior twelve months (i.e., 2023) … a stock market that is unphased by bad news and treks higher. There are intermittent corrections around 5 – 10%, but nothing greater. Maybe we have ourselves a Teflon market? Over the past 18 months or so, yes. The stock market seems unstoppable despite many unknowns (i.e., the next President, interest rates, etc.). But, if we allow ourselves to put this mini run into context, we can’t forget the bloodletting of 2022, where most portfolios were slashed by 20%+. So, when you include that year in this great run, we really are just catching up to what was lost. In fact, looking at the total of the past 2.5 years, the average annual return is below historical levels (7%+ vs. 10%+). It's still great to be on the upswing, but let’s not lose our minds over this “great run.” The way this stock market has advanced over the past year is not the healthiest. In fact, how we best define this year’s stock market (so far) is the exact same way we did last year… Top heavy. A handful of stocks are disproportionately responsible for the stock market (as measured by the S&P 500 Index) return. (We posted it here: https://lnkd.in/g-zzNceA). We invite you to read the our Mid Year client letter. https://lnkd.in/g5JWqCCc
William Allan, Corp
Financial Services
Long Beach, California 68 followers
A straightforward financial planning & investment approach to provide the dignified retirement you deserve
About us
Since 2001, an investment advisor firm focused on meeting the long-term goals of individuals & institutional clients. At our firm's core is a steadfast portfolio management & highly disciplined investment selection process that we've been utilizing for nearly three decades.
- Website
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http://www.willallan.com
External link for William Allan, Corp
- Industry
- Financial Services
- Company size
- 2-10 employees
- Headquarters
- Long Beach, California
- Type
- Privately Held
- Founded
- 2001
- Specialties
- Investment Management, Retirement Planning, and Sole Proprietors - Accounting/Tax and Investment Management
Locations
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Primary
100 Oceangate
Ste 1200
Long Beach, California 90802, US
Employees at William Allan, Corp
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Marcus Crawshaw
Helping clients build wealth today so in the future they can enjoy the dignified retirement they deserve!
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Andrew Moretine
Associate Financial Advisor at William Allan, Corp
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Jimmy Monti
Business Development at William Allan, LLC
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Victor Crawshaw
IS + CS + Comp Fi | Student Athlete | @ Carnegie Mellon University
Updates
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Why We Stay Invested… Forever Read our answer below. https://ow.ly/ZUEK50Rfezi
Why We Stay Invested… Forever
smartmunnie.net
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Could the 401(k) as we know it be gone within the next ten years? Quite possibly. Either way, here's a reminder of how great it is and why anytime the Government offers you a sizable tax break, you might want to take a close look at it. https://ow.ly/eikL50QUJHj
The 401(k), Gone In A Decade… Quite Possibly
smartmunnie.net