While investors might be tempted to radically rebalance their investments or even move entirely to cash during periods of volatility, trying to miss the bottom is costly. According to the study done by Bloomberg and GSAM (Goldman Sachs Asset Management), some of the markets strongest returns have come within days of a bottom.
From the S&P 500 low Christmas Eve 2018 through Friday 01/11/19, the S&P 500 had already risen 10%.
Besides potentially avoiding taxable capital gains or locking in losses of capital, staying the course with a diversified portfolio has tangible rewards.
We are also delighted to announce that Matt McManus, CFP® has recently joined Optivest as a Wealth Advisor and our Chief Operations Officer.
Matt will be responsible for providing Financial Planning and Wealth Management advice to clients of the firm. With a passion towards ensuring each and every client receives concierge level service and support, Matt is responsible for ensuring that Optivest’s day to day operations are run with the utmost attention to detail. By utilizing the OptiWealth Platform, Matt is also able to provide cutting edge Financial and Estate Planning strategies with Optivest clients to help optimize their financial legacy. We invite you to seek out Matt or any of our team if you believe our services could be of value to you.
Happy New Year!
Leslie, Bart, Stella, Letitia & Matt