Modera’s own Chief Investment Officer, George Padula writes about constructing a retirement portfolio to help you sleep better at night, in this article published on TheStreet.com
Andrà tutto bene. It is an expression being used increasingly across Italian social media amidst the severe COVID-19 breakout in that country. Translated, it means “everything is going to be all right.” It’s a message of hope, a message of strength, and a message of looking ahead to better days.
In 2018 everything seemed to decline while 2019 was a year in which most investments gained significantly. It’s times like these that drive home how and why we emphasize and stress having a consistent and intentional strategy.
What a difference a year makes. A year ago, we were in the midst of a stock market rout. Recall that the S&P 500 fell 13.5% in the fourth quarter of 2018, as the Fed was still considering rate increases and the trade war with China was just beginning.
A month, a year, even 10 or 20 years are short periods of time in the entire scheme of things. Just as the Grand Canyon wasn’t created in a day, neither can a successful investment strategy be measured in the returns of one week, six months or even three years.
Modera's George Padula offers insights on the recent market decline.
Modera's George Padula discussed rebalancing considerations.