Episode 42 – How did the stock market perform in 2023?

The Money Pig podcast, hosted by Reid Trego, welcomes CERTIFIED FINANCIAL PLANNER™ professional Justin Pitcock to discuss GIA’s investment portfolio performance in 2023. They emphasize that past performance does not guarantee future results and that each investor’s experience may vary based on timing and market conditions. The S&P 500 has performed exceptionally well this year, with the Dow Jones total US market also showing strong growth.

Goodwin Investment Advisory prefers a US-biased approach due to historical data supporting its success and lower volatility than global portfolios. Their aggressive accounts have seen impressive returns, while more conservative accounts with higher bond allocations have performed slightly less but outperformed their benchmarks. Bonds are expected to perform well in the current economic climate, with potential yields between 6% and 12%. Conservative portfolios are suitable for individuals nearing retirement or requiring short-term stability.

Listen to the podcast to hear specifically how our investment accounts outperformed the market in 2023. Justin Pitcock shares the specific percentages in comparison to the benchmarks. They share GIA’s investment performance net of fees and how, even after paying the advisory fees, our clients still did exceptionally better than the benchmarks.

Justin and Reid discuss that retirement investing is a long-term goal that typically uses a more aggressive approach when you are younger (20s and up) and more conservative the closer you are to retirement (60s). In selecting portfolios, GIA works with the team at Fidelity, and they use forward-looking assumptions to allocate capital and select funds for each category.

While there are no guarantees on performance, Goodwin Investment Advisory offers financial planning assistance and a free second-opinion retirement plan assessment. They prioritize individual planning conversations about clients’ goals and values.