A Lesson in Building Wealth From ‘The Three Little Pigs’

With emotion and fear still prevalent, investors are questioning portfolio decisions leading up to the current bear market. In this Denver Business Journal article, Kevin McNab explains how The Three Little Pigs provide a lesson in building wealth.

The stock market entered the year riding the longest bull market in history. Although economic growth was muted and the stock market sent subtle warnings of things to come, Americans continued to bask in superb market returns and low unemployment. After some warning tremors, the negative economic impact of COVID-19 gripped the markets at the end of February, resulting in the quickest decline to a bear market (a drop of 20% or more off the highs) in history. In a one-two punch, health and economic fears paralyzed the world. Investors were left with portfolios that portrayed too much confidence while not aligned with actual risk levels and goals. The downside damage to portfolios left investors without a chance to react, leading to many sleepless nights.

While this was a tough lesson, investors caught off guard can learn from this decline and make the appropriate changes moving forward. That lesson may be best summed up by the fable “The Three Little Pigs.”…READ MORE!

Kevin McNab

This article is written by Kevin J. McNab. Kevin is President of ACE Wealth Partners, LLC and is a CFP®, ChFC®, and CRPC®. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. The views expressed in this blog post are as of the date of the posting, and are subject to change based on market and other conditions. This blog contains certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Please note that nothing in this blog post should be construed as an offer to sell or the solicitation of an offer to purchase an interest in any security or separate account. Nothing is intended to be, and you should not consider anything to be, investment, accounting, tax or legal advice. If you would like investment, accounting, tax or legal advice, you should consult with your own financial advisors, accountants, or attorneys regarding your individual circumstances and needs. No advice may be rendered by ACE Wealth Partners, LLC unless a client service agreement is in place. If you have any questions regarding this Blog Post, please Contact Us. Please read our website DISCLOSURE carefully for additional information.