Last week was one for the books—though admittedly, it’s not the kind of book most of us wanted to read. Due to one of the worst two-day losses in U.S. stock market history last Thursday and Friday, Wall Street just endured its toughest week since March 2020. As a result, the S&P 500 moved into correction territory (down over 10%), while the NASDAQ and U.S. small caps have entered bear markets (down over 20%). After challenging weeks like last week, long-term investors should keep in mind that they have weathered similar challenges before. Market corrections are not uncommon, and history shows that diversified portfolios tend to recover over time.
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Here we are, early in a new year and we’d wager it’s a safe assumption that you’ve read enough about resolutions by now. For what it’s worth, we have too, but we’re also suckers for a good NIH study and this 2020 article about the differing success rates of approach-based resolutions, versus ones that are avoidance-based felt too relevant to pass up. Continue Reading…
By now, you’ve likely heard that we’re in an inflationary environment and you’ve surely noticed almost everything is more expensive. However, are you equally familiar with how economists are feeling about the situation? To the relief of many, the general sentiment among the most influential minds in the global economy, including Federal Reserve Chairman Jerome Powell, is that the type of inflation we’re experiencing is transitory. Compared to its much more sinister sibling, sustained inflation, transitory inflation is generally recognized as a temporary nuisance. Continue Reading…
This year, WMS, inc. has witnessed an alarming uptick in attempted cybercrime activity. We have thwarted dozens of attempts to compromise the integrity of client accounts, as well as prevented the fraudulent outflow of significant amounts of assets. Unfortunately, some of our clients have also experienced cybercrime directly. And while these criminals are becoming more sophisticated, understanding the principles behind their tactics is the first step in protecting yourself and your assets. Continue Reading…
What just happened? Think for a second about your mindset in January, 2020. Looking back, it’s shocking to think the only unpleasantness we could have safely forecasted was the upcoming election. Can you remember if anything else that happened publicly during 2020 was on your mind this time last year? This is not meant to be a rhetorical question; I’m drawing a genuine blank. Continue Reading…
