Recent Volatility: A Financial History Lesson

Investors are skittish as the stock market continues with extreme volatility in the midst of the longest bull market in history. In this ColoradoBiz Magazine article, Kevin McNab, reflects on similar time in stock market history 20 years ago. 

 

As the leaves began to fall and frost started covering the ground overnight, cable news took a brief break from its political coverage to spread fear following an 832-point drop in the Dow Jones Industrial Average (DOW) – the third-largest point decline ever. Words like “bloodied” and “battered” were tossed around after the sell-off. Talking heads placed blame on various factors, while investors had varied reactions ranging from confidence to panic. As Wednesday, Oct. 10 came to a close, I sat back in my office and reflected on the reason behind the dramatic fall.  What came to my mind was a day nearly 20 years ago…READ MORE!

 

ACE Wealth Partners is Colorado’s leading boutique, independent fee-only wealth management firm.  We focus on comprehensive financial planning, asset and wealth management. Our partnerships are built on the highest levels of integrity and transparency to align goals, build dreams, plan wealth and secure tomorrow together. Our clients are spread across the United States with a concentration of clients in Colorado.  

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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.