Despite this week’s selloff, 2019 has been a good stock market year so far. Through the end of April, the S&P 500 increased over 17%!
That’s an annualized rate of approximately 54%. Of course, annualizing stock market returns after four months is like thinking “Superbowl” after your team’s fifth consecutive win. The football season can be incredibly cruel, and so can the stock market. (FYI: the largest recorded total return in the S&P 500 for a calendar year was 52.27% — in 1954.)
This information is provided for general information purposes only and should not be construed as investment, tax, or legal advice. Past performance of any market results is no assurance of future performance. The information contained herein has been obtained from sources deemed reliable but is not guaranteed.