What our client Jim wants to know is “What’s your take on the market?” Jim’s been watching from the sidelines for over a year now, with the majority of his long-term savings in a money market fund. He called a financial planner, concerned that he’d missed the rebound.
Jim pointed out that the market had “gone up about 30% since the lows.” 32% to be precise, based on the change in the S&P 500 index at the time Jim called. It was about two months after the aforementioned “lows.” Jim sounded like there was this great party that started a couple of months before he called, and his invitation got lost in the mail.