Ep.173 – Paul Fenner – 16 Days That "Made" 2024
Welcome to "Emotional Balance Sheet," and a Happy New Year to all our listeners!
Back from a refreshing holiday break with my family, I wanted to take a retrospective look at the financial markets in 2024—a year marked by fascinating highs and lows.
I'll break down the key moments that drove the S&P 500 to a 23% gain, highlighting just 16 critical trading days among 252. Most importantly, we'll discuss the implications for your wealth management and portfolio strategies as we navigate the new year.
Whether you're just starting out or planning for retirement, staying diversified and consistently invested are crucial takeaways.
Connect with Paul
Contact Paul here or schedule a time to meet with Paul here.
Follow Paul on LinkedIn, Instagram, and Facebook.
And feel free to email Paul at pfenner@tammacapital.com with any feedback, questions, or ideas for future guests and topics.
ADDITIONAL RESOURCES YOU MAY LIKE
1 Big Idea to Think About
One insightful takeaway from this episode is the importance of consistent market participation and a well-aligned wealth management strategy, emphasizing that success in portfolio management hinges on steady, diversified investments rather than attempting to predict market highs and lows.
1 Way You Can Apply This
To navigate market volatility effectively, maintain a well-diversified portfolio and stay consistently invested, regardless of short-term fluctuations. By establishing and adhering to a portfolio management strategy that aligns with your long-term wealth management goals, you can mitigate the impact of unpredictable market movements and increase the likelihood of achieving your financial objectives with confidence and stability.
1 Question to Ask
What steps can I take to ensure my investment portfolio aligns with my long-term financial goals and maintains its course through market fluctuations?
Key Moments From the Show
00:01:30 Reflecting on market performance in 2024 and setting up expectations for 2025.
00:02:09 Noting key statistics from 2024, including positive and negative trading days.
00:03:18 Mentioning months without significant positive returns and the Santa Claus rally.
00:04:21 Discussing the importance of 16 key trading days in 2024.
00:05:25 Highlighting significant events that influenced the market in 2024.
00:06:40 Emphasizing the unpredictability of critical days and the importance of staying invested.
00:07:47 The significance of portfolio management and behavioral finance.
00:09:46 The importance of having a consistent market strategy.
00:10:38 Forecasts for 2025, mentioning political factors and corporate earnings.
00:11:54 Concerns over asset valuations and market temperature.
00:12:58 Closing thoughts on the importance of diversity in investments and consistent market presence.
Resources Featured in This Episode:
Why Politics Should Stay Out of Your Portfolio
Uncovering Core Values for Financial Clarity and Emotional Balance
The Science of Motivation and Strategies to Help You Achieve Your Purpose