In this episode, Mark discusses how everyone's portfolio is diversified and allocated differently. The S&P is a benchmark; it is just an example. He also talked about a caller's statement: “people don’t know what they own in a mutual fund but all they have to do is read the annual report,” which is true, only at the time they report. A lack of flexibility and transparency provides greater tax implications than owning individual stocks. Do not be surprised if you start hearing as we get to the end of the year “the stock market has made some big moves and were taking gains we should have taken last year so 2017 won’t have great gains.” Don’t make assumptions how a stock or a market can’t keep going up! Mark also receives a call about an investor who has a portfolio that's heavy in healthcare.
December 7, 2016