Message from Jon
We have certainly seen a volatile May to be sure. At this point, we have been invested for 18 months with no gain in the S&P 500 index. That's right, the period from Jan 2nd of 2018 to Monday the 3rd of June 2019 has been a wash.1
The ride has certainly been anything but smooth, though, giving us enough of a rollercoaster to give even the stoutest person a queasy stomach.
Some newsletters back, I mentioned that according to sources I follow, the following decade would consist of a 0-6% ROR, and we are seeing a small glimpse of what that might look like.2 For some, this will be too difficult, and they will pull the plug and exit while others will stay the course. In my opinion, staying the course will prove to be the better approach.
Like all things in life, staying the course and overcoming adversity is part of the journey to a better future. Like I tell my kids, there is no shortcut to success here. Again, it is not now or ever will be about the return. It has always been about what matters most and sticking to your plan. Yes, you will need to pay attention to the road ahead and make adjustments as needed to stay on path. Yes, you will need to slow down, speed up, and make necessary turns to get to your destination.
Even pulling over to ask for directions when I am feeling lost or confused has never been an issue for me since the goal has always been to arrive at my destination as quickly as possible, but for some...they just refuse to ask for directions, because in their head, it's a sign to others that they couldn't do it on their own. As I said last week, we are coming into a choppy and volatile stretch of road so be prepared.
We are monitoring indications of a need to change course and will do so as the signs require it.
Till we speak again, enjoy the summer weather! It's about time we get some good stuff!
May Ends with a Retreat
WEEKLY UPDATE - JUNE 3, 2019
The Week on Wall Street
Stocks struggled during a 4-day market week as the U.S.-China trade standoff continued to weigh on the minds of market participants. From the Friday, May 24 close to the Friday, May 31 close, the S&P 500 retreated 2.62%; the Nasdaq Composite, 2.41%; the Dow Jones Industrial Average, 3.01%. The MSCI EAFE index of overseas stocks dipped just 1.47% in a week.
Securities offered through Regulus Advisors, LLC. Member FINRA/SIPC. Investment advisory services offered through Regal Investment Advisors, LLC, an SEC Registered Investment Advisor. Registration with the SEC does not imply any level of skill or training. Regulus Advisors and Regal Investment Advisors are affiliated entities. Summit Retirement Advisors, LLC and Summit Financial Group of Indiana are affiliated entities. Summit Retirement Advisors, LLC and Summit Financial Group of Indiana are independent of Regulus Advisors and Regal Investment Advisors.