The Prudent Retiree - September 20, 2021

Prudent Retiree is closely monitoring today’s market decline. This correction is nasty, but we need to consider it in the overall context of how the market has performed in 2021. The market was down less than 2% today, only about 4% from the all-time high. We are still up considerably for the year.

Risk is always lurking. It is normal for the market to have several 5% or greater corrections in a year. This is the first of 2021. Last year, there were eight corrections of 5% or more and we had robust returns for the year. You all consume the news so in the interest of brevity, we won’t enumerate all the possible risks. Just know that overall, market metrics remain positive. Prudent Retiree sees this as a correction, not the start of a crash. If our model changes, our position changes and we will respond appropriately. Discipline. Right now, maintain your equity allocations. You should stay.

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Horseman Group – 3 CityPlace Drive - Suite 290 – St. Louis, MO 63141 – 314.692.7842 – www.horsemangroup.com

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results.
Investing involves risk including loss of principal. No strategy assures success or protects against loss.

A market index is unmanaged and may not be invested directly.