Market Insight

It has been said that “far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves”. That sage advice would have come in handy at the turn of 2021. Remember, this year started with a riot on Capitol Hill…during a global pandemic. Following the insurrection, concerns about newly elected President Biden’s proposed tax hikes took center stage, only to later be overshadowed by inflation running at levels not seen since the early 80’s.

Last week, your brother-in-law gave you another great stock tip. He’s been trading a lot over the past few months and doing well. Very well. He is an architect but watches a lot of CNBC and combs social media constantly for great intel. To be fair, the market is at an all-time high, so most investors have done well and have been eager to share their wisdom. These days just about everyone is talking about the stock market and online trading.