First quarter update: U.S. stocks were up a healthy
5.8%. But have you avoided international
stocks because they have done worse than U.S. stocks lately? If yes, that cost
you as international stocks returned 8.5%.
What will they do next? Turn on CNBC and you’ll hear some say the
markets are going to roar ahead. Others
will tell you we are set for a fall.
Some will insist international stocks have started a run of outperformance. Others will disagree. It all depends which 5 minutes you spend
watching. Maybe best to leave the TV
off and stick to a well thought out investment plan. This quarter was great but it’s decades that
matter when building a retirement account. (Vanguard “total” index funds used
for returns above.)
Larry Pike, CFA
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