Despite the ongoing political acrimony that dominated the headlines during the first quarter, equity markets delivered strong results. Building on to the post-election rally, U.S. stocks returned 6.07% (S&P 500 Index), foreign stocks returned 6.81% (MSCI World ex USA Index), and bonds returned 0.82% (Bloomberg Barclays U.S. Aggregate Bond Index). Overshadowed
By definition, Truepoint is in the “wealth management” business. While this term reflects our professional function and primary goal of enhancing our clients’ financial wellbeing, the ultimate purpose of the work we do goes much deeper than the dollars. True joy for us comes in helping our clients’ aspirations become reality.
Our upcoming 2014 Client Meeting will mark the kick-off to Truepoint’s 25th anniversary. As one of the early fee-only advisory firms, the evolution of Truepoint has revolved around one thing: always striving to serve the client better. And our dedication to continually improving the client experience is as fervent today
While many individual investors may view the underperformance of foreign equities in 2011 as a rationale for concentrating their portfolio in U.S. holdings, we believe the opposite: Today’s depressed valuations in foreign markets may provide an attractive opportunity to further decrease portfolio risk by marginally increasing the non-U.S. allocation.
If your last financial market update consisted of reviewing a September 30 quarterly statement, you'll be happy to learn that October delivered the best stock returns in almost 20 years. This serves as a healthy reminder of both the unpredictability of the markets and the value of disciplined rebalancing.