The Story of March
Warren Buffet is often quoted as saying the following about the stock market; “in the short run, it’s a voting machine. In the long run, it’s a weighing machine”. It’s a phrase the carries important weight when we are navigating painful price corrections in the stocks we are INVESTED in. One of the main sources of client regret we come across is what their life would look like had they invested, not traded, in companies that were dominating and leading megatrends in the economy. The key is learning from the mistakes of the past and using corrections favored stock prices as moments to invest.
In this week’s stock market update, we will review the month of March and the factors that hurt our monthly performance. We will take a close look at historical drawdown experiences and what the forward rate of returns have been for clients that invested or stayed invested during moments of temporary weakness. Third, we will address the role of active investing relative to an index approach and, when successful, where and how value is identified and generated relative to the broader stock market.
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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“expect,” “intend,” “plan,” are based on management’s views and assumptions at the time such statements were originally made and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or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.