Wow...thanks Feb!

Wow...thanks Feb!

March 05, 2024

Just like in January, we saw another S&P 500 high near the end of the month!  February jumped over 5%, which is incredible.  With accounts getting back to the levels we saw before the 2022 sell-off, be sure that you are comfortable with your risk tolerance.  At this point, with all the ups and downs over the last couple of years, I would say that most (if not all) clients are already where they want to be.  Fingers crossed that the Ides of March don’t come knocking for all of the profits.

With the market up so high so fast this year, the question begs… When will it pull back and how much?  When I’m thinking about this question, it’s important to remember that the market might run up another 5% before pulling back 5%.  We just never know the exact timing of any future pullbacks, which are quite common.  If you recall from February’s monthly commentary, market timing isn’t all it’s cracked up to be.  If we look at the history of March following an excellent February, it seems that March might want to trade fairly sideways.  Then again, that’s history, and we can’t predict future returns.

Retirement Thoughts

Do you wonder what your ‘retirement number’ is?  There are a few different ways to calculate it.  Here’s one.  A couple of the biggest variables are going to be your monthly expenses and your social security payments.  This will help find any income gap you might have to make up for with your retirement account(s).

Schwab recently had an article on retirement account balances.  I thought it was worth the read.  Basically, it boiled down to those retirees that work with an advisor seemed to have a better balance than those that did not.

Happy St. Patrick’s Day!  Remember to break out the green sweaters, eat up that corned beef (probably leave the cabbage in the serving platter), and watch a parade or two.

Thank you for your continued trust in us!

Larry Mroczkowski


The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful. All investing involves risks, including the loss of principal.