Investors have experienced a dramatic start to the decade with two stock market drawdowns of more than 20%. Here, we use two charts to illustrate how in the worst of markets, investors who maintain discipline can quickly capture the best of markets.
We all remember the decade’s first drawdown in 2020. While this was an uncomfortable time for many investors, those who maintained discipline were rewarded. During the drawdown, I doubt that few of us felt the S&P 500 would mount a stunning recovery and end the year in positive territory, as shown below.
Josh joined ML&R Wealth Management in the Summer of 2022. He brings a broad investment background to the ML&R Wealth Management team. Josh managed separate accounts for ultra-high net worth families and multi-billion-dollar mutual funds at an institutional money manager. He oversaw portfolios at several private wealth management firms, and prior to joining ML&R Wealth Management, Josh founded a firm that consulted other investment advisors on their investment lineups, investment strategies, portfolio design, and client communications.
Josh earned a Bachelor’s in Economics from the University of Michigan, Ann Arbor and a Master’s in Professional Accounting from The University of Texas at Austin. Josh is a Certified Public Accountant in Texas , a CERTIFIED FINANCIAL PLANNER™ professional, and holds a Chartered Financial Analyst® designation, a leading mark for investment managers.