Author Archives: Joel Malick, Steadfast Wealth Co.

June 24, 2021

Market Insight: Where Are We?

Let’s flash back to June 29, 2007—a date that forever changed the world. Apple debuted its first iPhone and they sold 6.1 million1 units over the first year. Since then, they’ve sold an estimated 1.9 billion iPhones1. We are not reaching out to you today to talk about Apple, or iPhones, or sales results. What [...]

February 18, 2021

Expanding Your Comfort Zone

I recently watched the rock-climbing documentary Free Solo. It’s the story of how Alex Honnold prepared to achieve his lifelong dream: climbing the 3,000-foot face of the world’s most famous rock, El Capitan, in Yosemite National Park without a rope. What? One would think that to attempt such a climb he would need to have [...]

January 6, 2021

A Year-End Market Commentary

A century ago, during the Spanish Flu of 1918, the world had approximately 1.5 billion people. This virus infected roughly 500 million, a full 1/3 of the entire global population. Ultimately and tragically, the Spanish Flu took the lives of an estimated 50 million people worldwide. The Covid-19 pandemic of 2020 certainly did not come near that [...]

September 9, 2020

A Commentary on the Election and Investing

French novelist Jean-Baptiste Alphonse Karr once wrote: “Plus ça change, plus c’est la même chose.” This quote closely translates to “The more things change, the more they stay the same.” We’ll concede this feels like a stretch in the context of today’s environment. Still, one constant that holds fast is that it felt like a stretch [...]

July 1, 2020

Market Comment

The last few months have certainly been a roller coaster ride in a macroeconomic sense but also in each of our own lives emotionally and psychologically. A steadfast mindset is the vehicle that gets us all to our financial destination, regardless of the turns, steep mountain passes, and bumps along the way.  The below chart [...]

June 3, 2020

Some Good News

Technology is so cool! Apple has been tracking the number of direction requests on their app across the globe every week (the peaks are the busiest day of the week and the valleys are usually Sundays). They took the data back to before the crisis, so we have a baseline. This baseline represents a thriving [...]

April 15, 2020

Market Comment

I’m pretty sure we’ve been in quarantine too long because now we’re constructing our own graphs! We have two things to share with you. The first is a long-standing visual that JP Morgan provides each year. It uses the S&P 500 as a proxy to illustrate how impactful missing just a few of the best [...]

March 17, 2020

Market Comment

In my humble opinion, “perspective” is one of the most elusive human mindsets. Even normal everyday life tends to grind us down to ground zero and we can find ourselves frustrated with even the smallest of issues. Then, we encounter more acute moments that vault us into dangerous mental territory. Under either scenario, minor or [...]

February 25, 2020

Market Comment

It’s a cold and snowy day here in the Rockies—perhaps the sun is shining a bit brighter wherever you may be on this Tuesday afternoon. It’s been a rough ride over the past 36 hours in the capital markets. Investors woke up on Monday, February 24, 2020, to unpleasant news that the coronavirus, COVID-19, continues [...]

August 7, 2019

Economic Commentary

Due to some of the market gyration recently and the particularly downtrodden doom-and-gloom headlines this week, we all need a dose of fundamental perspective about our economy. Enjoy the short communication below! The U.S. Consumer Gross Domestic Product (GDP) is the measure of all economic activity over a certain period of time and is the [...]

July 16, 2019

Road Trip to Retirement

I’m sure the last time you were on a road trip you likely used some form of GPS to tell you right where you were. It may have even told you how far you had to go and what time you would likely arrive or if there was an accident ahead, right? Wouldn’t it be [...]

May 7, 2019

Brief Market Comment

The below visual is a great illustration of how many perceived market “crises” and headline-important events occur over a relatively short time period.  We are constantly inundated by news headlines that foretell disaster and calamities, all intended to strike the fear chord thereby attracting more viewers/readers/listeners; good news and positive information unfortunately just doesn’t sell.  [...]

March 29, 2019

Brief Market Comment

Throughout the year we will attend a few high-quality educational conventions. We thought you might enjoy a sampling of some of the interesting data discussed. We will unpack two brief topics:  A Case for Staying Invested There were 672 months from 1/1/62 to 12/31/18. The S&P500 which represents 500 publicly traded companies as a general [...]