Last year we saw the return of volatility to the stock market. This was a hard pill to swallow after a very smooth ride in 2017.
In 2018, the stock market had two notable downturns. At one point, the SP500 was down 19.8%.
But here we are, mid-way through February and the SP500 was back up to 2,753 (as of the close of business on 2/13/19). Remember, the SP500 hit its peak in September when it closed at 2,930.
We’ve gone through a lot of ups and down to end up in roughly the same spot. So what do we do from here?
We believe that with portfolio management, it is better to prepare than it is to repair.
By “prepare” I do not mean market timing as we know this is next to impossible to do with any level of consistency.
Rather, we believe it is important to design