From March, 2021.

The US Stock market made history last week. From March 23 to March 23, the markets rose fast and reached new highs. Learn about why we give thanks to Tina—and what I mean by that.

We believe the right way to invest is to diversify by strategy.

The size of equity markets is staggering. $94 trillion worldwide, 56% of that money is outside the USA. There are over 120 thousand mutual funds and ETFs around the world! To take advantage of all this opportunity, we have to diversify. And the right way to do that, is to choose different strategies.

To learn more, click here.

If you had asked me a year ago what I thought about the stock market, I would have told you to be patient. I was wrong—things recovered much faster than I ever thought possible!

Equity markets have incredible resilience. And, thanks to TINA, we are confident in them. Tina stands for “THERE IS NO ALTERNATIVE.” Interest rates are low. Bond prices are lower year to date. The commercial real estate market is hurt. Residential real estate prices are so high, it makes it hard to buy.

Perhaps we should temper our enthusiasm about equity markets. The odds of a repeat are slim. This quick of a gain has not happened before during our investment lifetimes. We may not see it again.

So let us relax and enjoy these good times!

Source: Statista

These are not even the best 12 months of US equity returns in history, but close. Here are the top 10 best 12 month returns since 1926. Number in percentage points:

Source: Dr. Tom Howard, Athena Invest, April, 2021.

Read more:

• Our values and guiding principles
• Our process and our promise
• Uncharted Waters—our most recent investment video

Create a beautiful week!