DOW JONES HITS 10,000!

Making a plan can be easy but sticking to can be the hard part.

Making a plan can be easy, but sticking to it can be the hard part.

On this day in 1999, the Dow Jones Industrial average closed above 10,000 for the first time ever. During this time the market was participating in one of the longest-running bull markets in history. Today the Dow Jones Industrial average is hovering around 20,550, breaking through the 21,000 mark earlier this year. Judging by those two points in the market many would assume that the last 18 years were smooth sailing, but you and I know that’s not the case.

There were several times during that period that were nerve-racking and even downright terrifying. From the dot.com bust to the Great Recession and all the hiccups in between the last 18 years tested the commitment to investing for many investors. As traditional pension plans have disappeared, more and more individuals are relying on their investments to retire. It’s not always easy to invest and it’s not always easy to remember that the scariest times in the market are often short-lived and our investments can recover quickly if we’re focused on the end game.

Today’s subject is just a quick reminder of how time can be our friend when investing. Even buying into the Dow Jones Industrial average in 1999, the last 18 years would have resulted in a decent return, even without including dividends. But it would have taken some focus and commitment to maintain a sound investing strategy through all the ups and downs. Making a plan can be easy, but sticking it to can be the hard part.

Written by Alex Vassey, a CERTIFIED FINANCIAL PLANNER™ at Vassey Financial Planning & Investments. With systematic planning and proven strategies, Alex Vassey helps families prepare for all stages of life from college savings accounts, to funding a busy and vital retirement, to handling long term care insurance needs. You can reach Alex via email at Alex@vasseyfpi.com or at his office, located at 140 Bountyland Road, Seneca, SC 29672.

All rights reserved. This communication is strictly intended for individuals residing in the states of AL, AZ, FL, GA, IL, MA, MO, NC, NH, NM, SC, TN, TX, VA, WI. No offers may be made or accepted from any resident outside these states due to various state regulations and registration requirements regarding investment products and services. Securities and advisory services offered through Commonwealth Financial Network®. Member FINRA, SIPC , a Registered Investment Adviser. Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and the flame logo in the U.S.A. Privacy Policy – Copyright © 2017 | Vassey Financial Planning & Investments | SENECA OFFICE: 140 BOUNTYLAND RD., SENECA, SC 29672 | 864.718.0600

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