After flirting with a -20% decline from its record high price, which would have placed it in bear market territory, the stock market, as measured by the Standard & Poor’s 500 index, has bounced back – for now.
The drop in stock prices could resume, however. Inflation, Russia, and the pandemic are wild cards and any one of them could send stocks tumbling again. It’s a time of high financial anxiety.
2022 has been a bad year for investors. Since hitting a record closing-price high on January 3rd of 4,796.56, the S&P 500 index closed today at 4088.85 – 15% lower than its all-time high. Meanwhile, the 12-month Inflation rate hit a 40-year high last month, and a Europe ban on buying Russian could send oil and gas prices higher and exacerbate Covid-related supply chain problems further hindering consumer spending, which drives 80% of the U.S. economy.
Times like these heighten financial stress and bring out the worst traits in some investors. If you are checking your investments daily and obsessing on it more than usual, or if you are feeling anxious about your portfolio strategy, please feel free to make an inquiry using the “Contact” page of our website to email us.
If we can help you and you meet our minimum requirements to advise you, it would be a privilege. And even if you would not make a good match for us, we are happy to refer you to resources better suited for solving a personal financial problem and reducing your financial anxiety.
The Clark Group Asset Management is a registered investment advisory firm located in the heart of Southern California. As professional fiduciaries, we offer unbiased financial advice that is free from the conflicts inherent at many Wall Street firms.
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24941 Dana Point Harbor Drive
Dana Point, CA 92629
Securities regulators require financial advisors to state in their public statements that past performance is not indicative of future results because investing is complicated, and nothing is guaranteed. Ironically, however,
The Clark Group’s mission is to build long-lasting relationships with our clients and help them organize, grow and protect their hard-earned assets through life’s transitions. Along the way, our goal is to provide peace of mind for our clients through trust, thoroughness and transparency. Our experience has taught us that our value comes from helping clients make sound financial decisions while minimizing the emotion that often comes with investing. We are here to guide you through both good and bad economic times.
As a fiduciary financial advisor, we have a legal obligation to always act in your best interest and disclose any conflicts that could prevent us from servicing you. Furthermore, our compensation is fee-based which allows us to be completely objective and aligns our incentives with our client’s best interests. We provide clients in the Los Angeles, Orange County, and Southern California area with investment management, retirement planning, portfolio risk assessment, and charitable giving strategies.