The 2019 stock market was up big. Don't fall prey to its banner year
The S&P 500 was up 31.5% last year, when reinvested dividends are included, its best showing since 2013.
Investors of all ages should consider rebalancing their portfolios, which have likely become riskier in the last year.The stock market surged in 2019, closing out the end of the decade by posting its best annual gain in six years. Charlie Fitzgerald, a financial advisor at Moisand Fitzgerald Tamayo, an advisory firm with offices in Orlando and Melbourne in Florida, said a strong stock market often leads investors to be overconfident and assume the gravy train will last.
"One of the biggest investing myths is that people can time the market," he said. "It's just not possible."was up a whopping 31.5% last year, including reinvested dividends. That's its best showing since 2013, when the index had a total return of 32.4%.
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