Saturday Notes Vol 3
Happy New Year and Happy Saturday! We hope both are off with a bang! Here are a few items we found interesting!
History of Companies and Industries Listed on the S&P 500 1969-2019
From the once dominance of Industrials to the rise of Tech, this info graphic spells out the Markets makeup over the past 50yrs!
The Tumultuous History of General Electric
Speaking of Industrials, the history of G.E. comes to life in “Power Failure: Rise & Fall of an American Icon” by William D. Cohan. What started with Thomas Edison lead to the palace intrigue of who would succeed CEO to the stars Jack Welch. A fascinating book about an important wrinkle of U.S. corporate history! Also, Jack Welch blew up a G.E. lab building.
The best apology letter ever written?
A string of unfortunate events involving seagulls led to a really bad day for this guy.
Click Here for full article.
Market Timing
On Jan. 6, 1981, in his weekly newsletter, market guru Joe Granville warned investors that a stock market crash was on the horizon and they should dump all their stocks. The following day, the Dow tanked 4.2% on record trading making Granville look like a genius.
While Granville gained notoriety for his 1981 call, his overall performance was far from impressive. From 1980 through January 2005, Granville’s stock picks for investors lost 0.5% on an annualized basis compared to an 11.9% average yearly gain from the market as a whole.
Lesson – timing the Market does not make you are a good investor.
Check out this Yahoo Finance Article for more details
Have a wonderful weekend!
Team Olde Raleigh Group
-
This material is provided as a courtesy and for educational purposes only. Please consult your investment professional, legal or tax advisor for specific information pertaining to your situation.
Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. Indexes are unmanaged and do not incur management fees, costs, or expenses. It is not possible to invest directly in an index.
This email contains links to articles or other information that may be on a third-party website. Advisory Services Network, LLC is not responsible for and does not control, adopt, or endorse any content contained on any third-party website.