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Quote

“All past declines look like an opportunity, all future declines look like a risk.” - Morgan Housel

746 Days Later

When It Started

The day was January 3rd, 2022. The S&P 500 had just notched a new all time high of 4,842.07. Investors were celebrating the new year as they showed screenshots of their 401k to their buddies.

All was well on the investing front but something fishy was in the air. It was no secret. The market had been on a tear without flinching for the last two years.

Everyone knew the market was due up for a slump, but nobody wanted to step out of the box while the S&P was crushing a new all time high every time it stepped up the the plate.

Then, the inevitable.

What All Happened

Fear that the fed would raise rates to combat inflation began to circle, and investors were right. With inflation running out of control, the fed began a cranking on rates faster than it had in decades. Four meetings in a row the Fed raised the interest rate by 0.75%. (not common…at all).

Russia also decided to invade Ukraine sparking a massive conflict in Europe that had the US officials on the edge of their seat.

Combine all this together and stocks didn’t stand a chance. The S&P 500 fell 24%, with the Nasdaq 100 going over 30% into the red. The United States was officially experiencing a bear market.

But then Oct 2022 rolled around. There was blood in the water, but little did investors know that this rollercoaster was about to start climbing again. Driven by value stocks and hopes of mind boggling AI technology the market began to climb.

But it wasn’t all sunshine and rainbows. As 2022 came to a close we saw SVB bank go under in a matter of hours which nearly triggered a second financial crisis. If you want more on that, I did an entire post covering it here.

After shrugging off one final blow and riding the hopes of future rate cuts, the S&P 500 made it’s final charge upward.

746 days later…on January 19th, 2024 a new all time high.

Where Are We Headed

What is the market going to do in 2024?

That is the million dollar question.

While I’m not in the business of guessing and will be dollar cost averaging as usual, history looks favorable.

I’d recommend checking out the article this quote is from, Will 2024 Be an Up Year for the Stock Market, and you can make your call.

Conclusion

There is a lot to learn as an investor by looking back at previous market events, and noting your behavior.

Hopefully you didn’t get scared out of investing over the last couple years. The psychology of buying on the way down is hard, but the deals to be had can make a massive difference for your portfolio long term.

It was a brutal 746 days, but as the saying goes…

That time wasn’t different, and next time probably won’t be either. ~ Cade

Cade's Finds

Revealing My Investment Plan in 2024 - Jarrad Morrow is someone I’ve learned a lot from over the years. He recently posted a video revealing his investment strategy for 2024, and I think it’s great watch.

The Cost of Efficiency - Article by Jack Raines on why it’s a good idea to lean on the safer side of things when it comes to personal finance. Plue get a personal example on how Jack found himself in one of his “first real money problems.”

Best Memes

Motionless is a skill when it comes to investing.

Coffee is the original morning routine.

Thanks to those that leave a review each week. Don’t forget to drop a comment on what you loved, or hated. I read them all!

Nothing in this email is intended to serve as financial advice. Do your own research. Thanks for reading, if you have any questions, comments, suggestions, etc. about the email don’t hesitate to send me a reply.