Stacy Francis Op-Ed Featured by CNBC on Money Moves for 2023
By: Francis Financial
January 16, 2023
Before looking forward to 2023, we should pause to reflect on 2022.
The following quote from Jason Zweig of The Wall Street Journal sums up this very difficult year for investors: “Investing isn’t an IQ test; it’s a test of character.” Indeed, the most successful investor is not necessarily the smartest person in the room but the one with the most patience and self-discipline.
Our investing character was certainly tested throughout 2022. It was a dismal year for investing, with both stocks and bonds down — by 19% and 13%, respectively. The result was one of the worst years in history for the traditional balanced portfolio of 60% stocks and 40% bonds, which lost nearly 17% for the year.
Looking forward to 2023, the team here at Francis Financial reviewed several outlooks from major Wall Street firms, including JPMorgan, Goldman Sachs, Barclays and others, to help answer the question of what to expect in the next year.