Happy New Year! Can you believe it’s 2021. Nobody writes checks anymore, but if we did, that’d be weird, writing 20-21 for the first time.
And if you’re like most folks I know, you’re more than happy to put 2020 in the rearview.
Let’s take a quick look back and see how far we’ve come in 2020.
About this time last year we were cruising along, nary a care in the world, at least as far as the economy and Wall St were concerned. Arguably the best economy ever, record low unemployment, markets heading higher, and most folks feeling pretty good about their finances.
Lest we forget though, it was an election year. Meaning anything could happen. What I should say is stuff happens all the time. But in an election year, happening stuff could be turned into political weapons. Stuff that would’t warrant a second thought normally.
But with mainstream media pounding a narrative into our lives, what in other years might have barely moved a needle, suddenly became life and death.
When it came to your finances, your investments, you didn’t fall for the fear and panic. Oh, maybe you felt it. But you held steady, didn’t cash out when everyone else was heading for the exit, and rode out the bear market of March.
Then the most amazing market rally in history, 40% in 50-days. And the momentum took us right through riot season, I mean summer. And a few zigs and zags later we capped a most unusual year with record highs.
The Dow, those 30 household names that business channels refer to as the market, finishing 2020 up 7%. And hitting 38 record highs along the way.
The S&P 500 wrapping the year 16% better. Also at a new record high.
And the technology heavy NASDAQ scoring its best year since 2009, up an impressive 44%.
I say good on you. When friends, neighbors, maybe even family, were succumbing to the fear and panic, you didn’t. And look at the rewards.
Of course it wasn’t easy. You may have thought about selling out back in March. But you didn’t. Because you’re an investor. Not a trader of speculator. If this was easy, anybody could do it. And then it wouldn’t be called investing. Oh yeah, they call that a bank account.
No one knows what lies ahead in 2021. But we know we’ll handle it. We know God is still in charge. And we know he does not want us to live in fear.
Here’s one of may favorite verses. Joshua 1:9. Have I not commanded you? Be strong and courageous. Do not be terrified, do not be discouraged, for the Lord your God will be with you wherever you go.
God bless you as you go forth, fearless and free in 2021.