As we all prepare for the coming holiday I would like to thank all of our clients for the opportunity to be of service to them and the business they have provided us.
The market has been an interesting this year; setting new highs some 46 times, the end of quantitative easing, and interest rates still at historical lows. We are in uncharted waters since history does not show us similar conditions. I am still bullish and even though I see volatility coming back, any corrections should be muted.
I don’t predict markets but I think normal returns of 8 to 10 percent are expected next year. There is always the chance of a “black swan” upsetting the apple cart but proper allocation and diversification will mitigate the effects if it arrives.
In closing, we all should be thankful for the opportunity to live in this country. There will always be challenges and events that will concern us but all things considered I would think of nowhere else would I pledge my allegiance to.
Have a great holiday