Peter Lynch once said, “I’ve found that when the market’s going down and you buy funds wisely, at some point in the future you will be happy.” That quote sums up the transition in markets from 2018 to 2019. It turns out, the happiness Lynch refers to sometimes only takes a year.

2019 ended the 2010s on a high note for most broad asset classes. There’s a lot of green on a per-country basis too. In other words, 2018’s woes were met by a double-digit recovery in all but a handful of stock markets in 2019.

There’s a lesson in there as well. Bear markets don’t have a fixed duration or depth. There’s no telling when one might end. You can try to time it. And for that, I wish you luck (you’ll need it). But most people are better off staying in the game. Surviving a bear market is rewarding…literally!

A quick note before diving into the 2019 numbers. The asset class, sector, international markets, emerging market return quilts, and the historical returns data are up-to-date. Hit the links for each one. Continue Reading…

As we head towards the year’s end, it’s a perfect time to review some lessons from the more popular posts of 2019.

What you’ll find below is a collection of lessons from different posts written year. All the topics are sourced from my reading. What I find the most interesting gets shared here, with some thoughts added for effect. The only thing I don’t know in advance is what will be a hit or miss. It’s a lesson on predicting. I stopped guessing years ago.

The rest comes down to you, the readers, since the “best” is what gets read and shared the most. It’s always surprising and exciting when something takes off. So thank you!

This year’s lessons cover a wide range from common and uncommon sense ideas, mistakes, gambling, and bananas (a personal favorite). Charlie Munger was a favored source, along with a few other recognizable names. One lesson goes back 146 years (a fun one to discover).

Of the 91 posts this year, these stood out the most in 2019: Continue Reading…