• Single stocks have a wide range of returns. Only about a fifth of stocks survive and outperform the market over 20-year periods.

• They delist at a high rate, even those that have been around for a long time and have outperformed the market for 20 years.

• The chance of any single stock outperforming the market in the future is not meaningfully different when conditioning on its past performance.

Great video on taking the long term view in investing.

Inflation measured nationally is a little higher than the long term expectation of 3%. It’s almost always present and it is normal for it to rise and lower over time. Interest rate hikes are being implemented starting March 16, 2022, as a normal process to dampen inflation.

Check out these examples of saving $5000 and growing it in the market over 45, 35 or 25 years. The difference is astounding! Yet, this is the basic math of growing wealth over time in the market. “Simple, inevitable wealth”

Global markets, in the last 12 months, performed strongly with our model portfolios made up of 40%-100% global stock up from 13% to 34% and a slight cooling in Q3.