January 2022- Early January is always a time of reflection. A time to look back at decisions made throughout the year and evaluate our performance.
Fortunately, despite numerous uncertainties surrounding COVID-19 and the economy, 2021 was an excellent year for portfolios. Equities, led by US large-cap stocks, saw the S&P 500 Index return over 28% and the Dow Jones Industrial Average return nearly 21%. International equities struggled some but still returned almost 8%. Overall, global equities as measured by the MSCI All Country World Index gained 19%. Fixed Income had a very challenging year, falling almost 2% mainly due to rising inflation. Overall, our portfolios handily beat their benchmarks due to four significant decisions we made early and throughout the year.