Renee's Reality

November 5th 2019
Renee's Reality

Happy Fall to everyone!

I hope this letter finds you all well at this time of year.

Cody has been working hard to speak and meet with all of his new clients since Mike Green's retirement this past August. I am confident that Cody will give the same level of service that Mike was able to provide to his clients.

I was so excited to see my daughter and new grandson at our annual conference in Denver. This conference is crucial for us to be able to continue our financial education and to learn the latest investment strategies for our clients. While there, I joined a women's group where we share best practices and support each other when dealing with complicated financial situations.

We made it home safely from the western themed conference even though Denver had snow and record low temperatures during our stay.

During the first 4 months of the year through 4/30/19, the S&P 500 was up +18.25% (total return), an average return of +4.28% per month. Over the last 6 months, i.e., May-October, the S&P 500 has gained +4.15% in total, not per month. The S&P 500 consists of 500 stocks chosen for market size, liquidity and industry group representation. It is a market value weighted index with each stock's weight in the index proportionate to its market value (source: BTN Research).
The bond market was up +8.9% YTD (total return) through last Thursday 10/31/19, a result better than any annual performance for the bond market since 2002. The Bloomberg Barclays Aggregate bond index, calculated using 6,000 publicly traded government and corporate bonds with an average maturity of 5 years, was used as the bond measurement (source: BTN Research).

Have a wonderful holiday season full of good times, friends and family.

Best regards,

Renee