I’ve Seen This Before


After nearly 65 years of employment in the investment community, I have seen, and survived, almost everything the market can throw at you.  While it is true that markets are prone to wide fluctuations, they remain, in effect, a proxy for the long term economic success of the United States.

Over the nearly 100 years of the S&P 500 as a measure of market performance, the average annual growth rate has approximated 10%.

Investing is a long term commitment.  Since joining Sigma, some 19 years ago, I have adopted a buy and hold strategy and have not reduced my equity holdings.

I expect that markets will continue to fluctuate and eventually reach new highs, as measured by the popular market indices.

All comments and suggestions are welcome.

Walter J. Kirchberger, CFA

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