(ThePennyWatcher.com) – While you look at how you did on your investments, let’s take a quick glance at how 2023 shaped up.
In 2023, the general stock market surprised and delighted investors with a spectacular comeback. After a tough 2022 things really rebounded and soared with the S&P 500 gaining a near-record 26.4%.
Tis is the best performance in the last four years, giving many investors within individual stocks and index funds a strong end to the year.
Some of the contributing factors to this performance were a bit of easing inflation that gradually cooled down towards the year’s end. It seemed to have alleviated investor anxieties.
Although things for the average American remain tough, this was a resilient part of the economy that played well for some. As mentioned, there still are concerns, but despite these concerns, the U.S. economy remained robust, with strong corporate earnings and low unemployment.
There also seems to be some shifting sentiment with optimism and risk appetite on the upward scale, but there is also still much to be cautious about as we enter into what could be a crazy and tumultuous election year.
Regardless of your investment strategy, the S&P 500 remains strong over the long term, and index funds and ETF’s are two great ways to get in the game if you so desire.
Check out any trading platform, and see what they suggest. It could be a steady winner for your funds opposed to more volatile individual stocks.
Cheers to a healthy and wealthy 2024!
