As volatility returns to the stock market, many investors are feeling unsettled and maybe even panicked. Since founding Calamos Investments more than 40 years ago, I’ve had the chance to invest through many different market environments, including extremely turbulent periods. Here’s what I encourage investors to remember:
Bull market corrections (S&P 500 Index, closing price)
Past performance is no guarantee of future results. Source: Bloomberg.
Staying invested is the best long-term strategy (S&P 500 Index, annualized returns over 20 years, 1999-2018)
Past performance is no guarantee of future results. Source: Bloomberg. Data is from 1/1/1999 through 12/31/2018.
When markets are turbulent, a disciplined approach can be hard. But in my experience, it can be well worth it in the long run.
Past performance is no guarantee of future results. Opinions are as of the publication date, subject to change and may not come to pass. Information is for informational purposes only and shouldn’t be considered investment advice. Convertible securities entail interest rate risk and default risk. Fixed income securities entail interest rate risk. Alternatives entail added risks and may not be suitable for all investors.
Active management does not guarantee investment returns and does not eliminate the risk of loss. The S&P 500 Index is considered generally representative of the U.S. stock market. Indexes are unmanaged, do not include fees or expenses and are not available for direct investment.
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