Jan 26, 2023
FIEGI Report – David Booth “This Has Been A Test”
Written By: Ryan Fiegi
Hello everyone, and welcome to the first FIEGI Report of 2023. I hope everyone had a wonderful holiday season and the new year is off to a great start. There always seems to be an endless supply of bad news out there, but we hope you take a moment out of your busy days to read the below good news article. We truly believe having an optimistic attitude towards your finances/investments will propel you much further than the alternative. Here’s to a great 2023!
This Has Been a Test (3-min article)
Summary: Think back to the end of 2019, and then try to envision all the events that took place these past 3 years. Did you guess all the different events? Pandemic, vaccine, FAANG stocks rise & fall, meme stocks rise & fall, bitcoin/crypto rise & fall, inflation, war. Even if you could have predicted everything that happened, would you have changed your investment plan? If so, you may have missed out on the average yearly return of 10% from the Russell 3000 (close to the stock market’s historical average over the past 100 years). Instead of being pessimistic of the next 3, 5, 30 years, you’re much better off expecting the markets to do their job of capturing the human ingenuity taking place every day across thousands of publicly traded companies around the world. In short: stay the course!
“I am ready to face any challenges that might be foolish enough to face me.”
-Dwight Schrute (fictional character from “The Office”)