“All of us would be better investors if we just made fewer decisions.” – Daniel Kahneman
Global stock markets delivered robust gains in the second quarter of 2017 as stronger earnings growth, upswings in global economic data and diminished political uncertainty in Europe all buoyed markets around the world. The S&P 500 rose 3.1% while domestic economic data continued to plug along at a healthy, if not exciting, pace. First quarter GDP increased at a 1.4% annual rate, helped by unexpectedly higher consumer spending and a bigger jump in exports. It’s wonderful to have positive economic data to reflect upon. But even when world events aren’t so rosy, we need to remember to be steadfast in our commitment to ourselves: stick to our long-term investment plan and concentrate on the big picture.
Let's dive into all of this and then take a look at what's going on around town for the total solar eclipse. After all, the Charleston area is said to be one of the best places to view it from and the next one won't happen for quite some time so... carpe diem, folks!
Perhaps the best takeaway is that investors should always try to keep a long-term perspective and not overreact to whatever the latest headlines reveal.
They say patience is a virtue. And though we know that intellectually, it can be hard to apply, especially when it comes to investing. It is extremely difficult (even for financial professionals) to predict when the “right” time to buy or sell is. Investors may fall into the trap of making panicky, emotional decisions that can put their portfolios at risk. But what happens when you let go of chasing returns or the next hot stock tip? You may discover a less stressful, and ultimately more secure, path to your long-term goals. Check out the article HERE.
Finally, we hope you are looking forward to the total eclipse as much as we are!
Some of the things you can expect to observe with a total eclipse are a dark sky, a 360-degree sunset, a noticeable temperature drop, and wildlife becoming confused as they think it's nightfall. South Carolina is quite fortunate to have so many excellent places from which to view it. Personally we'll either be on the back porch or in Shem Creek. Don't forget your glasses for safety and pray for clear skies!
As always, be a good friend and remember to share this blog post with yours!