Investments

I thought you may find this wealth calculator interesting. It is part of a New York Times series Are You Rich?, and ranks both your income and your wealth based on data collected by the US Census Bureau^1,2.

The growth of exchange-traded funds (ETFs) has been explosive. In 1998, there were only 29; at the end of 2018, there were over 1,900 investing in a wide range of stocks, bonds, and other securities and instruments.¹

The ups and downs of bitcoin have amazed investors. Back on April 1, 2017, one bitcoin was valued at $1,089.51. Five months later, the price had risen to $4,950.72. On December 16, the price hit a historic peak at $19,343.04.¹

I hope this blog post finds you in good health and enjoying the holiday season. I wanted to send out a quick note to give you my perspective on the markets, particularly regarding the performance of domestic large-cap stocks relative to other asset classes, and to discuss why you still want to maintain a diversified portfolio.

For those of you interested in the details of what’s been going on in the financial world last month, here’s what happened in November.