The first half of 2022 is – mercifully – over. Few six-month periods have been as painful for investors. The S&P 500 and NASDAQ declined by 20% and 29%, respectively. Our personal portfolios – which favor growth stocks – fared much worse.
Yet, we keep our sights on the long-term. We didn’t invest to make money in the first half of 2022. We invested to fund our lifestyles 20+ years from now.
By 2040, we expect this painful decline will be nothing more than a distant memory. We may even look back on it fondly as a great buying opportunity.
- Brian Feroldi & Brian Stoffel