Dear Friend, As we prepare to ring in 2020, I wanted to take a few moments to close out 2019 with a few points. First and foremost, I am incredibly thankful for all of the friendships and professional partnerships that I have made over the last ten years. I look forward to growing with you all in 2020 and beyond. No doubt 2019 was a BIG year as I made the transition from the wirehouses (big firm world) into the independent financial advisory space with the launch of Campos Financial Group. I am incredibly appreciative of the trust and confidence placed in me by each and every one of my clients. I am quite hopeful and excited to see what is to come in 2020 and beyond.
Despite a lot of volatility, the S&P 500, Nasdaq Composite and Dow all reached record highs in 2019. I am optimistic this growth will continue into 2020. And, yes, we have an election coming up—so there will be volatility, but that will not prevent patient investors from doing well. In every election since 1932, the markets have been volatile but have notched solid gains afterward. When you turn on the news to hear discussion of the market, they are usually only quoting the Dow Jones Industrial Average as it is a broad measure of the overall stock market. However, what does the volatility of the Dow (a total of only 30 stocks) actually mean to you? A 500 point move—up or down—from 28,479 equates to less than 2%. Contrast that to the 508 point drop on October 10, 1987 which was a decline of -22.61% and is still the largest single day percentage drop on record. While we experienced some of the largest daily point gains and losses in 2019, they were insignificant on a percentage basis. I say this not to dismiss the volatility and discomfort but rather to provide some perspective. The markets go up over time and are often volatile along the way. From a distance, the market trajectory trends positively. Taking a magnified view of the daily, weekly, monthly or even yearly activity can reveal wild swings and periods of volatility. I maintain that returns on a diversified, dividend-paying portfolio can provide a rewarding experience for those who invest carefully, patiently, and with a longer time horizon in mind. And, if you have not started but would like to begin planning for your financial future or would like to schedule a review, please reach out. I am here to help you achieve your goals in 2020 and beyond! Very best wishes for a Happy and Healthy 2020! Dan Daniel R. Campos, MBA, CRPC® President - Financial Advisor