Markets, Values, and Expectations Are in a Much Different Place Now On this day one year ago, the S&P 500 closed at 2,237. 1 Investor pessimism about the ramifications of a global pandemic were at a peak, and it was becoming clearer that this health crisis was going to turn into a severe economic downturn. The S&P 500 closed that day down 33.9% from its all-time high of 3,386, set just a few weeks earlier on February 19. 2 The intensity of this market ... [Continue Reading]
Articles and resources related to Diversification.
Reflecting on a year gone by is often, at least to some extent, an exercise in revisionist history. This isn’t necessarily a bad thing; many of the differences between our memories and experiences are minor and inconsequential. In some cases, the variations in these realities can help us persevere and move out of the past and into future endeavors. But as investors, revising the memories of the past can be problematic and potentially hinder future success. Behavioral finance is the study of ... [Continue Reading]
As a companion to the article CCM Senior Investment Strategist James Yaworski, CFA, wrote—Déjà Vu—2020 or 1999?—CCM Founder and CEO Greg Carlson, CFP® interviews James to gather a bit more detail on how today's market performance compares to that of 1999. NOTE: The information provided in this video is intended for clients of Carlson Capital Management. We recommend that individuals consult with a professional advisor familiar with their particular situation for advice ... [Continue Reading]
For investors who recall the experience of 1999, it was either a fantastic year or a difficult one, depending on the types of stocks in their portfolio. Investors who concentrated their portfolio among growth companies, which earned little or no profits, remember 1999 as a fantastic year, delivering a return of 41%. Investors with the opposite philosophy, such as Warren Buffett, chairman of Berkshire Hathaway, did not fare as well. Their focus on value companies with large profits lost ... [Continue Reading]
In this video clip, Adam Hoffmann, CFP®, AIF®, Chief Investment Officer, discusses why CCM believes international investing is a key part of a successful diversified portfolio. He covers the general framework for our approach, provides historical benefits and discusses what we, as investors, might expect in the future. NOTE: The information provided in this video is intended for clients of Carlson Capital Management. We recommend that individuals consult with a professional ... [Continue Reading]