Growth Carnage - The Game Plan
In this week’s edition of the Market & Portfolio Review, we are going to update investors on the 2022 game plan to turn performance around, go back on the offensive, and claw back the underperformance our clients experienced in 2021.
This road starts with buying back HIGH QUALITY, beaten up growth companies that are still doing all the right things but available at much lower prices than a year ago. We know it’s been a volatile month and year, but the steps we are taking today are designed to deliver results by the end of 2022 and beyond.
Key Takeaways
- We sold growth stocks in the spring at much higher prices and bought them back at much lower prices
- The carnage in growth stocks allows buying high-quality growth businesses at deep discounts
- We sold energy two weeks early but are comfortable that a year from now, it will make sense
The information here is presented by licensed professionals and not specific to any individual’s personal circumstances. Investment advisory services offered through LifePro Asset Management, LLC, a registered investment adviser. Investments involve risk and are not guaranteed. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy will be profitable or equal any historical performance. Discussion of any specific stocks are based on objective, non-performance criteria and such discussion neither serves as a recommendation nor as the receipt of, or a substitute for, personalized advice. Due to various factors, including changing market conditions, such discussion of positions and/or recommendations may no longer be reflective of current position(s) and/or recommendation(s). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from Advisor, or from any other investment professional. Forward-looking statements such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” are based on management’s views and assumptions at the time such statements were originally made and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. LifePro Asset Management does not undertake any obligation to correct or update any forward-looking statements on the LPAM Site.
