Many of us would like to forget the state of the markets in March 2009. The Great Recession brought on by the housing and credit crisis was in full meltdown. A new administration had entered the White House. Large financial institutions (e.g., Lehman Brothers) had collapsed, while others (e.g., Bear Stearns) required unprecedented bailouts from the government. Facebook was still a private company at this point. Investors’ 401(k) and retirement accounts saw deep losses. It seemed this crisis was like none other with no end in sight. The Great Recession was indeed one of historical proportions, and many investors were prompted to exit and cash out of the market. However, history has taught us that all things pass in due time. This past Saturday, March 9, the markets celebrated the 10th anniversary of the bull market from the lows of March 2009. On March 9, 2009, the S&P 500 price index closed at 677. In the years since, the S&P 500 has rallied a whopping 306%, not including dividends, and 400% if we include dividends. To tally that up, the S&P 500 has delivered a 10-year annualized total return of 17.5%.

The content of this advertisement was prepared by Platinum Advisor Strategies.

Information is not intended to provide specific legal or tax advice. Derek Gregoire, Keith Ellis, Matthew Peck, CFP®, CIMA® nor SHP Wealth Management provide tax or legal advice. You are encouraged to consult your tax or legal professional for guidance on your individual situation. Investment advisory services are offered through SHP Wealth Management LLC., an SEC Registered Investment Advisor. Offices in Woburn, Westborough, Hyannis, and Braintree are offices of convenience and only used for client meetings.

Investment Advisory Services are offered through SHP Wealth Management LLC., an SEC registered investment advisor. Insurance sales are offered through SHP Financial, LLC. These are separate entities, Matthew Chapman Peck, CFP®, CIMA®, Derek Louis Gregoire, and Keith Winslow Ellis Jr. are independent licensed insurance agents, and Owners/Partners of an insurance agency, SHP Financial, LLC.. In addition, other supervised persons of SHP Wealth Management, LLC. are independent licensed insurance agents of SHP Financial, LLC. No statements made shall constitute tax, legal or accounting advice. You should consult your own legal or tax professional before investing. Both SHP Wealth Management, LLC. and SHP Financial, LLC. will offer clients advice and/or products from each entity. No client is under any obligation to purchase any insurance product.

Was this information helpful? Should we publish more like this?