10 Worst Financial Advisors In America: 2021

<10 Worst Financial Advisors In America: 2021>

That trend held true after the coronavirus pandemic sent stocks plummeting in early 2020. During the three next quarters, consumer discretionary stocks led the way, showing the best performance for the year before heading down in 2021, while the real estate and financial industries followed, recovering from their respective 2020 downturns to top the market for 2021.

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All that activity took place in just 20 months, which is why sector trading requires a lot of attention and a willingness to try to time the market.

That’s an approach that isn’t likely to be successful for most individual investors focused on the long-term goal of building a nest egg, noted Elisabeth Kashner, vice president and director of global fund analytics for FactSet Research Systems.

“Every time you add a market call, you’re increasing the risk that you might get it right, but you might get it really wrong, too,” Ms. Kashner said. “It makes for a bumpy ride.”

No matter what sector is rising or falling, taking a broader approach to the market allows an investor to capture those results without having to take on additional risk, said Warren McIntyre, a certified financial planner who runs VisionQuest Financial Planning in Troy, Mich.

“You’re going to get all the sectors in proportion to what they represent in the market. You’re not making a judgment call as to whether a sector is over- or undervalued,” Mr. McIntyre said.

Other drawbacks to sector-focused investing include the cost of more frequent trading, as well as taking the focus away from a longer-term strategy focused on the investor’s financial goals, said Randy Jones, a wealth management adviser with the First Financial Group in Reston, Va.

Source : https://www.nytimes.com/2022/01/14/business/stock-market-sectors.html

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