Many advisory firms talk about their array of tools and resources. Every firm that is worth talking to
has them. The difference, however, is what the advisor does with them. Do they have the insight to use
them properly? How well do they apply them to help you? ACG’s insights may help provide a sense of
our ability to help you achieve success, as you define that term.
“Most kitchens have the same spices in the spice rack. That does not mean everyone is a good cook.”
– anonymous
The single most important financial measure of the United States, the Standard & Poor’s 500 index, closed 2021 less than 1% from its all-time high reached only two days ago, and with a spectacular calendar-year return of 26.9%.
The Standard & Poor’s 500 stock index closed 2021 at 4766.18. The index lost -0.26% from Thursday and gained +0.85% from last Friday. The S&P 500 is up +72.21% from the March 23, 2020, bear market low.
It was the third year of extraordinary gains for the stock market and the second marred by the pandemic.
The calendar year returns on stocks since the end of The Great Recession in March 2009 have been spectacular. The calendar-year returns don’t show the 33.9% drop in stocks in 2020.
Interest rates are at their lowest point in U.S. history. Federal Reserve policy on inflation recently changed and it is causing new financial fears. Tax policy is in the throes of major changes affecting high-income and high net-worth Americans.
You can count on us for the facts about tax, investing and financial planning in 2022.
Thank you for your trust and wishing you a happy, healthy, and prosperous 2022!
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