January 10, 2019
Dear Valued Investor:
It’s a new year and resolutions are in place, but investors in the financial markets may be struggling to find their optimism. The past several weeks have been very difficult, as the stock market sell-off resulted in the worst December performance since 1931. It’s understandable how such a dramatic decline can deliver a blow to investor confidence and lead to reactions driven by fear and an instinct to protect ourselves from further losses. Although it can be hard to completely take our emotions out of our investment decisions, it’s during times like these when we need to force ourselves to focus on the facts instead of how we feel. That means considering not only our current environment but also the historical investment tenets that we rely on—avoiding the urge to sell near the market bottoms, sticking to an investment plan, and maintaining a long-term perspective.