A Few Thoughts as We Enter the Last Quarter of 2021 by Jack Moller, CFP®
As we have entered this traditionally most volatile time of the year for markets, I wanted to share a few thoughts that I think are important to keep in mind and to help us maintain our peace of mind if market swings get “uncomfortable”.
What Would Bill Think About This Market? by Jack Moller, CFP®
Last quarter I wrote an article based on how I would respond to the oft asked question, “What do you think about this market”? I realize that today I am writing on the one-year anniversary of my dad’s passing...
I started my career in May of 1996, which puts me 25 years into a career that I had no plans for coming out of college. After graduating in December 1995, my “career” aspirations were to head out to the mountains of Colorado and make a living skiing with my good friend Mike.
There really is so much going on to write about during this unprecedented year of the pandemic. As I write this column, we have just (mostly) finished one of the most acrimonious elections in history...
With a combination of sadness and gratitude, I’m writing this month with the news that my father Bill Moller passed away peacefully a few weeks ago after a short illness. He was not only my dad but also my partner and co-founder in starting this business as well as being my market mentor.
Last month I wrote about the three previous, what I called, “panic markets” in order to give perspective and remind ourselves that these severe drops do end, and eventually lead higher to new all-time highs.
During this coronavirus-induced market crash, the stock market has fallen nearly 30% from its mid-February all-time high. At some point the marking down will cease and those who have been able to take advantage of the lower prices will be happy to have done so.
Following up on last month’s commentary when I listed some of our key principles, I thought I would delve further into the area of trying to predict the market as I’m often asked what I think is going to happen next.