Finally, the end of the Covid Era of investing
First Coast Wealth Advisors
by Chris Draughon
3M ago
4 years That’s how long it’s been since we’ve had a normal environment for investing. It’s hard to believe it’s been that long, but considering everything we’ve been through, I wouldn’t argue that it feels longer for you. In December of 2019, our economy had been in expansion mode for nearly eleven years, one of the longest periods of growth on record. Inflation was averaging less than 1.5% per year. Interest rates on savings and investments were even lower. Then Covid happened. By March 23, 2020, the S&P 500 index, a benchmark representing the 500 largest publicly traded companies in Amer ..read more
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You Don’t Own “The Stock Market”
First Coast Wealth Advisors
by Jeff Helms
4M ago
Nothing confuses people more than trying to understand what’s happening in “the market” these days. To make sense of it, you first have to understand two very simple distinctions. First off, “the stock market” is what the media refers to as one big ball of publicly traded stocks all lumped in together.  Inside that ball, there are big companies, small companies, good companies, not-so-good companies, US companies, foreign companies, and so on. It’s no wonder you can’t make sense of it.  The second distinction is that you can’t really own “the market” itself. It’s just a general prox ..read more
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Beating the Odds: How to Own the Winners Every Year
First Coast Wealth Advisors
by Jeff Helms
7M ago
Imagine you are presented with the following opportunity:  An Olympic-sized swimming pool is filled with plastic Easter eggs, around 64,000 of them. Most eggs contain nothing, but a small number (2.4%) include $100 dollar bills. If you were allowed to select 100 of the eggs randomly, how do you think you would fare? The odds are not in your favor. There’s a high probability you’d end up with a pile of empty plastic eggs. We’re using this example to highlight a fascinating new study on investing. In short, analysts studied investor returns over the thirty years from January 1990 through D ..read more
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August 2023
First Coast Wealth Advisors
by Chris Draughon
8M ago
The post August 2023 appeared first on First Coast Wealth Advisors ..read more
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It’s Not the Markets That Are Volatile… It’s People
First Coast Wealth Advisors
by Jeff Helms
9M ago
In our recent reading, we ran across some pearls of wisdom from investment manager Howard Marks of Oaktree Capital. Marks ranks right up there with Warren Buffett as a voice to heed on investment philosophy. (He’s on Forbes list of billionaires.)  We thought we’d share his remarks to provide some perspective on market fluctuation:   “It’s clear from observation that security prices fluctuate much more than economic output or company profits. What accounts for this? It must be the fact that, in the short term, the ups and downs of prices are influenced far more by swings in investor p ..read more
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2023 Mid-Year Update
First Coast Wealth Advisors
by Chris Draughon
9M ago
With the passing of the halfway point for the year, we would like to provide you with an update on the financial markets along with other notable topics we’re following. Financial Markets The S&P 500’s all-time price value (not including dividends) peaked on January 2nd, 2022. By October 11th, the index had declined 24.7 percent. It turns out that happened to be the day the market started its recovery. Here we are in the third week of June, and the index is up 22.9 percent off its low. We’re not quite back to even, but we certainly seem to be fulfilling the message we’ve shared with you al ..read more
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April 2023
First Coast Wealth Advisors
by Chris Draughon
11M ago
The post April 2023 appeared first on First Coast Wealth Advisors ..read more
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A New Beginning
First Coast Wealth Advisors
by Chris Draughon
1y ago
The post A New Beginning appeared first on First Coast Wealth Advisors ..read more
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Zooming Out
First Coast Wealth Advisors
by Jeff Helms
1y ago
If the year 2022 were a fish, we’d throw it back. Between the spike in inflation, the historic rise in interest rates, the deepening geopolitical saga in Ukraine, and the less-than-optimal performance of virtually all assets around the globe, we thought we’d take this opportunity at year-end to reflect on the future a bit. And while we’re at it, add in a dash of perspective. As we’ve noted before, the daily firehose of information coming at us through multiple news sources and social media tends to flatten our perspective; it makes us focus on the short term, wondering what will happen in the ..read more
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One Tough Year
First Coast Wealth Advisors
by Chris Draughon
1y ago
We’ve almost made it to the end of the year. And what a year it has been. You may recall that in January, we were trying to set expectations that returns for client portfolios this year would likely be modest at best, considering each of the three previous years had positive returns. For the record, this year’s negative returns in both stocks and bonds are not what we had in mind for “modest.” We’ll have a recap of how the financial markets ended the year in January, but for now, it’s looking like the typical diversified portfolio (assuming markets are stable from here on) is going to finish t ..read more
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