If history is any guide, it’s possible that longer-term performance may improve. We certainly hope so. While the markets have bounced back with a big upward move over the last 2 days, results through the Christmas Eve were as bad as we’ve seen in many years.
Our most recent commentary, which you can access by clicking here, provides a chart of some hopeful historical returns. One year returns following the top 7 declines since 1962 have been impressive, averaging 25% for the following year. The 3 and 5-year rebounds were quite good as well.
Take a look and let us know what you think. We are happy to discuss your portfolio or other concerns at your pleasure. Call 713-748-7000 if you’d like to visit.
The Horizon Wealth Advisors Team